Scott M. Freeman, CPA

Scott Freeman

A seasoned accounting and finance executive with more than 30 years of experience. Prior to forming 501 Financial Management, Scott served for 10 years as CFO/COO of The Sherwood Group, one of the leading association management companies in the country. At Sherwood Scott was responsible for Sherwood’s operations group, including internal financial services, information technology, and the client accounting and payment processing departments – which provided full service remote accounting services for 25 non-profit organizations across the country. He directed staff, oversaw the development of standards and compliance issues and strived for continuous improvement in all areas, including integration of processes and technology and production quality.

Prior to Sherwood, Scott served for six years as CFO and Treasurer for Lamb's Farm, a $12 million non-profit organization providing residential, vocational, social and recreational services to developmentally disabled adults. Among his successes at Lamb’s was a detailed analysis of business operations and vendor relations that resulted in reduced costs and increased funding from the State of Illinois Department of Human Services.

Prior to his work at Lamb's Farm, Scott spent more than five years as senior vice president and controller at Dovenmuehle Mortgage, Inc., one of the largest privately held residential mortgage servicers in the country. There he managed an accounting staff of 11, supervised the internal auditor and provided financial reporting, analysis, and forecasting for the company and its related entities. He worked for three years as internal auditor and acquisitions manager at Dovenmuehle before being promoted to controller. Scott also has commercial banking and public accounting experience.

Scott brings a passion for working in the nonprofit sector, combined with highly regarded skills in accounting, finance, budget, cost reduction, audit preparation, efficiency and process improvement. He offers a technology-savvy outlook to all of his projects to help nonprofits save valuable time and money. He focuses on staff training, process integration and delivering information that is both useful and comprehensible to internal and external clients.