Summary
Overview
Work History
Education
Skills
Phonenumbers
Career Experience
Timeline
Generic

Stephanie L. Thompson

Columbia,Maryland

Summary

Accomplished in elevating Morgan State University Foundation's financial operations, I bring a robust blend of strategic planning and team collaboration. My leadership ensured compliance and optimized financial processes, significantly enhancing efficiency. Expert in financial analysis and adept at fostering productive team environments, my track record includes mentoring future leaders and streamlining financial systems for impactful decision-making.

Overview

43
43
years of professional experience

Work History

Director of Fiscal Operations

Morgan State University Foundation, Inc.
Baltimore, MD
01.2012 - Current
  • Manage the Foundation’s fiscal records and financial accounts totaling $165 million
  • Lead the annual audit process and maintains strong relationship with external auditors to ensure compliance
  • As a result, the Foundation consistently received unqualified audit opinions and no issuance of Management Letter
  • Oversee the collection of accounting data for tax form 990 timely submission
  • Serve as liaison with Office of Development, MSU Foundation Finance, Audit and Investment Committee for financial accounting and GAAP reporting matters
  • Hire, supervise and train financial staff in all duties
  • Mentor student workers from freshman to Graduate status
  • Manage an over grants to ensure contract compliance
  • Oversees all fundraising and development accounting to ensure that revenues and expenditures are consistently and accurately captured
  • Coached and trained student workers the foundation to move forward obtaining positions of management in Travelers, State of Maryland Lottery, Federal Government, and Ernst & Young
  • Actively manage over 1,000 operating and scholarship account
  • Distributed over 2,600 scholarship based on a variety of donor criteria
  • Designs and maintains accounting information for Blackbaud systems to produce timely and relevant financial data for internal decision-making purposes, and other external requirements; assists in the ongoing upgrades of the Blackbaud accounting system.
  • Digitize financial records
  • Builds a system of checklists, processes and procedures that accomplishes the following: Ensures internal controls are in place that protect the Foundation against fraud and provide assurances that the Foundation accounting records are accurate and complete
  • Implements a continual cycle of review of processes and procedures to ensure that the Foundation is running a best practices accounting department

Fiscal Officer

Morgan State University Foundation, Inc.
Baltimore, MD
01.2007 - 01.2012
  • Developed and maintained the Foundation’s fiscal records and financial accounts totaling $20 million in assets to ensure compliance with accounting statues and to support fundraising efforts of the Office of Development
  • Integral role in all financial management functions including development of monthly/quarterly financial statements, financial budgets, prepare State of Maryland Personal Property taxes, and point of contact with the Foundation’s independent auditors Abrams, Foster, Nole & Williams
  • Interact with the Board of Directors and President concerning financial forecasts and reports
  • Provided leadership with the implementation of technology that improved the ability of the Office of Development staff to store and access common files and data in the computer system
  • Collaborated with the Accounts Payable Manager to improve the preparation and distribution efficiency of the IRS 1099 tax statements
  • Provided leadership with the development and implementation of various accounting databases that better facilitate the accounting for cash receipts and disbursements
  • Effectively collaborated with the Enrollment Management Services (EMS) to improve the financial aid and scholarship disbursement process

Senior Accountant

Morgan State University Foundation, Inc.
Baltimore, MD
01.2004 - 01.2007
  • Perform monthly bank reconciliations, monitor endowed investment funds, prepare donor activity statements, and resolve donor account inquiries

Senior Accountant

US Foodservices, Inc.
Columbia, MD
01.2000 - 01.2003
  • Prepared financial reports for a fortune 500 company with $14 billion in revenue and performed variance analysis in accordance with the firm’s business plan
  • Compiled periodic financial reporting packages for senior management and parent company
  • Reduced monthly closing cycle by three days with identification and recommendation of enhanced closing procedures
  • Participated in the successful conversion to the Peoplesoft accounting system

Financial Analyst

InterAct Accessories, Inc.
Hunt Valley, MD
01.1999 - 01.2000
  • Closed and prepared monthly financial statements
  • Performed monthly account reconciliations and monitored general ledger transactions
  • Worked in collaboration with Vice President to ensure accuracy and integrity of financial information in support of overall business objectives
  • Saved more than $30,000 in annual expenses through identification of inaccurate and duplicate vendor payments
  • Increased productivity levels by providing key contributions toward automation of account reconciliation processes

Staff Accountant

Chest Advertising Co.
Baltimore, MD
01.1996 - 01.1999
  • Carried out general ledger functions, including account analysis and reconciliation, journal entries, and AR/AP
  • Prepared financial statements
  • Prepared multiple state sales tax returns
  • Consistently met deadlines while demonstrating strong analytical and problem-solving skills to achieve corporate objectives

Special Projects Accountant

Resource Realty, Inc.
Wheaton, MD
01.1995 - 01.1996

Accountant/Analyst

MicroProse Software, Inc.
Hunt Valley, MD
01.1990 - 01.1995

Accountant

CIGNA Insurance Co.
Bloomfield, CT
01.1982 - 01.1989

Education

Masters of Business Administration -

University of Maryland University College
Adelphi, MD

Bachelor of Science - Accounting

Eastern Connecticut State University
Willimantic, CT

Associate of Science - Management

Greater Hartford Community College
Hartford, CT

Skills

  • Accounting Management
  • Financial Analysis
  • Cash Management
  • Budgeting
  • Technology Integration
  • Regulatory Compliance
  • Strategic planning
  • Team collaboration
  • Project management
  • Non-profit management
  • Business planning
  • Financial reporting
  • Analytical thinking

Phonenumbers

(410) 381-1559, (410) 456-9885

Career Experience

  • Morgan State University Foundation, Inc., Baltimore, MD, 01/01/04, Present, Director of Fiscal Operations, 01/01/12, Present, Manage the Foundation’s fiscal records and financial accounts totaling $34 million., Lead the annual audit process and maintain strong relationships with external auditors to ensure compliance., Oversee the collection of accounting data for tax form 990 timely submission., Serve as liaison with Office of Development, MSU Foundation Finance, Audit and Investment Committee for financial accounting and GAAP reporting matters., Hire, supervise and train financial staff in all duties., Mentor student workers from freshman to Graduate status., Manage over 40 grants to ensure contract compliance., Oversee all fundraising and development accounting to ensure that revenues and expenditures are consistently and accurately captured., Coached and trained student workers to obtain positions of management in various organizations., Actively manage over 1000 operating and scholarship accounts., Distributed over 1200 scholarships based on a variety of donor criteria., Designed and maintained accounting information for Blackbaud systems., Digitized financial records., Built a system of checklists, processes, and procedures to ensure internal controls., Fiscal Officer, 01/01/07, 01/01/12, Developed and maintained the Foundation’s fiscal records and financial accounts totaling $20 million in assets., Integral role in all financial management functions including development of monthly/quarterly financial statements., Prepared State of Maryland Personal Property taxes., Point of contact with the Foundation’s independent auditors., Interact with the Board of Directors and President concerning financial forecasts and reports., Provided leadership with the implementation of technology that improved file storage and access., Collaborated with the Accounts Payable Manager to improve IRS 1099 tax statements preparation., Developed and implemented various accounting databases., Senior Accountant, 01/01/04, 01/01/07, Perform monthly bank reconciliations., Monitor endowed investment funds., Prepare donor activity statements., Resolve donor account inquiries.
  • US Foodservices, Inc., Columbia, MD, 01/01/00, 01/01/03, Senior Accountant, Prepared financial reports for a fortune 500 company with $14 billion in revenue., Performed variance analysis in accordance with the firm’s business plan., Compiled periodic financial reporting packages for senior management., Reduced monthly closing cycle by three days., Participated in the successful conversion to the Peoplesoft accounting system.
  • InterAct Accessories, Inc., Hunt Valley, MD, 01/01/99, 01/01/00, Financial Analyst, Closed and prepared monthly financial statements., Performed monthly account reconciliations., Monitored general ledger transactions., Saved more than $30,000 in annual expenses., Increased productivity levels through automation of account reconciliation processes.
  • Treasurer Chest Advertising Co., Baltimore, MD, 01/01/96, 01/01/99, Staff Accountant, Carried out general ledger functions., Prepared financial statements., Prepared multiple state sales tax returns., Consistently met deadlines while demonstrating strong analytical and problem-solving skills.
  • Resource Realty, Inc., Wheaton, MD, 01/01/95, 01/01/96, Special Projects Accountant
  • MicroProse Software, Inc., Hunt Valley, MD, 01/01/90, 01/01/95, Accountant/Analyst
  • CIGNA Insurance Co., Bloomfield, CT, 01/01/82, 01/01/89, Accountant

Timeline

Director of Fiscal Operations

Morgan State University Foundation, Inc.
01.2012 - Current

Fiscal Officer

Morgan State University Foundation, Inc.
01.2007 - 01.2012

Senior Accountant

Morgan State University Foundation, Inc.
01.2004 - 01.2007

Senior Accountant

US Foodservices, Inc.
01.2000 - 01.2003

Financial Analyst

InterAct Accessories, Inc.
01.1999 - 01.2000

Staff Accountant

Chest Advertising Co.
01.1996 - 01.1999

Special Projects Accountant

Resource Realty, Inc.
01.1995 - 01.1996

Accountant/Analyst

MicroProse Software, Inc.
01.1990 - 01.1995

Accountant

CIGNA Insurance Co.
01.1982 - 01.1989

Masters of Business Administration -

University of Maryland University College

Bachelor of Science - Accounting

Eastern Connecticut State University

Associate of Science - Management

Greater Hartford Community College
Stephanie L. Thompson