nonprofit

What Your Nonprofit Should Know About Credit Loss Reporting Rules

The 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…

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Beyond Boomers: How to Engage Younger Generations

If 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…

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Preparing for a Financial Crisis? Build Up Operating Reserves

You 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…

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Lost and Found: Regaining Your Nonprofit’s Tax-Exempt Status

The 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…

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Making Cost-Allocation Decisions for Your Nonprofit

Cost 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…

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One From Many: Why Your Nonprofit Might Want to Federate

Federated 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…

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Make Better Branding Your Nonprofit’s 2025 New Year’s Resolution

If 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…

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Are You Valuing Tangible Property Correctly?

Both 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…

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Do the Right Thing: Board Member Fiduciary Duties in a Nutshell

Service 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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Investment Policies Are More Important Than Ever

The past five years have been turbulent for many nonprofits. The fallout from the pandemic, inflation and other uncertainties has undermined their financial health and left some struggling to survive.…

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