nonprofit
It wasn’t long ago that the not-for-profit sector was struggling to find enough staffers to hire. Now that many organizations are losing federal grants and facing budget shortfalls, they may…
Read MoreThe Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2016-13 seems like it would be old news. But the provision for accounting for current expected credit loss (CECL) went…
Read MoreIf your nonprofit’s fundraising arm has largely neglected younger generations in favor of Baby Boomers, you may need to revise your outreach strategy. Boomers currently make up the largest demographic…
Read MoreYou never know when your not-for-profit might experience a financial blow. With the current efforts in Washington to slash expenses, some nonprofits have already lost federal funding and more may…
Read MoreThe IRS regularly revokes the tax-exempt status of not-for-profits — mostly for failing to file annual information returns. Losing your exempt status can be devastating. Donors won’t be eligible to…
Read MoreCost allocation probably isn’t your favorite task — particularly if your not-for-profit has many activities. Yet the process is critical because donors and funders want to know how your organization…
Read MoreFederated not-for-profits are single corporate entities with multiple chapters. There’s no one definitive legal structure for federated organizations. But local chapters generally operate independently of their national headquarters and pay…
Read MoreIf your not-for-profit wants to make an organization-wide New Year’s resolution for 2025, how about this: Strengthen our brand. Although branding strategies usually are associated with the for-profit sector, they…
Read MoreBoth new and established nonprofit organizations may not know how to value tangible property donations if they don’t receive them very often. Here’s a quick overview to help you review…
Read MoreService on a nonprofit board can strike some as a cushy gig that looks good on a resume. The reality can prove much more demanding. Board members are considered fiduciaries,…
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