6 Risks Facing Nonprofit Organizations Everyday

Nonprofit organizations face similar risks as for-profit businesses. However, nonprofits must navigate around tight budgets while honoring their donors’ intentions. This article details 6 risks facing nonprofit organizations on a daily basis.

Continue Reading6 Risks Facing Nonprofit Organizations Everyday

It’s almost Tax Day. What does the tax season mean for nonprofits?

Tax season is upon us, but if you’re a tax-exempt organization, what does that mean for you? Read our article about all the relevant information you need for filing as a nonprofit: 

Continue ReadingIt’s almost Tax Day. What does the tax season mean for nonprofits?

Finances falling through the cracks?  How smart financial management can get your organization back on track.

If your business isn’t doing as well as you think it should— or if it’s not doing well at all— perhaps it's time for some serious assessment of your finances. Check out our article on how smart financial management can help you and your business turn the corner:

Continue ReadingFinances falling through the cracks?  How smart financial management can get your organization back on track.

Accountable to a higher power: How church accounting services can transform your ministry

As religious institutions, churches have unique needs when it comes to reporting their finances. Wondering whether to hire an in-house accountant or to outsource? Check out our article on the many considerations churches face

Continue ReadingAccountable to a higher power: How church accounting services can transform your ministry

Changes to NFP reporting of gifts-in-kind

There is a new emphasis and an upcoming required change in how your NFP financials will present and disclose gifts-in-kind. Accounting Standard ASU No. 2020-07 has mandated this change. It will be effective for annual periods beginning after June 15, 2021. This Accounting Standard improves transparency for gift-in-kind transactions by requiring the following:

Continue ReadingChanges to NFP reporting of gifts-in-kind