ELIZABETH – Millie Aurigemma of Hazlet, director of accounting at Community Access Unlimited (CAU), has been named a finalist in the 2011 NJBIZ CFO of the year awards program in the large nonprofit category. Aurigemma oversees all financial reporting and accounting activities for CAU, with annual operating revenues of more than $28 million.
The NJBIZ CFO of the Year awards program celebrates New Jersey’s financial executives at all levels who contribute to the success of New Jersey’s economic growth and stability, according to the publication. Aurigemma is one of eight finalists in the large nonprofit category.
CAU is a nonprofit human services agency serving people with disabilities and at-risk youth. The agency provides services, programs and support for members to enable them to live independently within the community, serves as the fiscal intermediary for a number of statewide programs serving people with disabilities and owns more than 200 housing units.
Aurigemma has been with CAU for 19 years, beginning as a junior accountant. She began her career as an auditor with the Navy Resale and Services Support Office before moving into the nonprofit sector, first with a group home and then an educational service district.
While the nonprofit arena was not an initial calling for Aurigemma she has since developed a passion for using her accounting skills to serve those in need of support.
“One of the challenges is the fiscal side,” Aurigemma said. “Funding is limited at a nonprofit. We do more with less. Somehow we always manage.”
Financial reporting in the nonprofit sector demands use of the same accounting principles as those practiced in the for-profit arena but also entails a myriad of additional compliance requirements, according to Aurigemma. The balance of ensuring that CAU meets all those requirements while focusing on its mission of serving members is Aurigemma’s target every day.
“I use one to serve the other,” she said. “I always weigh the compliance requirements that govern a nonprofit with the needs of the members and staff. The services that Community Access provides and the way they deliver them is why I’m still here.”
Sid Blanchard has been executive director of CAU for the entire 19 years Aurigemma has been with agency.
“Millie has long been recognized within CAU as a top CFO who knows her stuff,” Blanchard said. “She has been lauded by numerous auditors who make a point that Millie is a breath of fresh air, as the work under her is organized, transparent and competently done, making their audit work a pleasure. CAU has expanded by more than $20 million under her watch and we could only achieve this through the efficient and thorough efforts of Millie and her teams.”
Aurigemma is a graduate of Wagner College in Staten Island with a bachelor of science degree in accounting. She resides in Hazlet with her husband and two children.
Finalists for the 2011 NJBIZ CFO of the Year awards program were selected in seven categories: public company; private company with revenues more than $50 million; private company with revenues up to $50 million; nonprofit – small (24 or fewer employees); nonprofit – large (25 or more employees); best turnaround specialist; and best growth manager. Winners will be announced Oct. 25.
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