Nonprofit funding insights: grants, federal funding rules, fundraising strategies, and how to measure and report program results to funders.
In the ever-evolving landscape of nonprofit funding, federal grants remain a crucial lifeline for organizations striving to make a difference. Recently, a significant shift has occurred in how these funding opportunities are presented, with the introduction of simplified Notices of Funding Opportunity (NOFOs). This change promises to reshape the way nonprofits approach and secure federal funding, potentially opening doors for a more diverse range of organizations.
A nonprofit capital campaign can transform your mission, but only with proper planning. Learn the phases, readiness factors, and financial infrastructure nonprofits need before launching a campaign.
A well-structured cash reserve policy is an essential element of strong financial stewardship in the nonprofit sector. Reserves give organizations the stability to weather revenue fluctuations, address unforeseen expenses, and invest strategically in mission-driven initiatives. Developing a clear, board-approved policy ensures consistency, transparency, and accountability in how reserves are built and used.
In the competitive landscape of nonprofit funding, where resources are scarce and donor expectations are high, effectively evaluating nonprofit program success is essential for sustainability and growth. According to recent surveys, approximately 70% of nonprofits struggle to demonstrate measurable impact, often because they select inappropriate evaluation approaches that fail to capture the full picture of program performance. This article explores nonprofit program evaluation methods, focusing on three key frameworks — goal-based, process-based, and outcomes-based — to help organizations choose the right tools for assessing new initiatives.
Endowments are a cornerstone for nonprofit financial sustainability, providing a permanent funding source that enables organizations to support their mission for generations. Yet, nonprofit endowment fund accounting is daunting, with complex compliance requirements and evolving standards such as UPMIFA (Uniform Prudent Management of Institutional Funds Act) and ASC 958. For nonprofits and their boards, proper endowment management entails more than maintaining spreadsheets — it involves building stakeholder trust and ensuring the organization’s long-term future. In this guide, Temple Management CPA shares everything you need to know about accounting, compliance, and reporting for nonprofit endowment funds.
In today's competitive nonprofit landscape, organizations can no longer rely solely on passion and good intentions to demonstrate their impact. Modern nonprofits must adopt data-driven decision-making to optimize their mission effectiveness, maintain donor trust, and ensure long-term sustainability. The key to this transformation lies in implementing robust key performance indicators (KPIs) and creating actionable dashboards that transform raw data into strategic insights.
In the rapidly evolving nonprofit landscape of 2025, not-for-profit organizations (NFPs) are more essential than ever. They fight for causes, fill social gaps, and drive meaningful change. But organizational impact and survival don’t occur by accident. Today’s NFPs are under greater scrutiny, face complex financial realities, and must contend with both internal and external challenges—from shifting regulations to donor expectations and digital transformation. At the core of an NFP’s success lies sound governance and strong, ethical leadership.
Organizations face unprecedented challenges and opportunities in the ever-evolving landscape of nonprofit fundraising. The post-pandemic era has accelerated the shift toward digital fundraising, but traditional methods remain essential for building strong donor relationships and securing significant gifts. As nonprofits navigate this complex environment, it's crucial to strike a balance between digital and traditional fundraising strategies to ensure long-term sustainability.
Discover expert insights on ASC 842 compliance for nonprofits, healthcare, and higher education. Learn best practices and lessons from Temple Management Consulting's experience.
FASB 116 is the accounting standard that tells nonprofits how to record the gifts they receive. The Financial Accounting Standards Board issued Statement of Financial Accounting Standards No. 116, Accounting for Contributions Received and Contributions Made, in June 1993. Its rules now live in the FASB Accounting Standards Codification at ASC 958-605, the revenue recognition subtopic for not-for-profit entities. This article explains what FASB 116 requires, how it worked alongside FASB 117, and how later updates, including ASU 2016-14, ASU 2018-08, and ASU 2020-07, built on it. What Is FASB 116? FASB 116 sets the rules for recognizing contributions, which are gifts of cash, other assets, or services given voluntarily and without the donor receiving something of equal value in return. Under the standard, as summarized by FASB: Contributions received are generally recognized as revenue or gains in the period they are received, measured at fair value. Unconditional promises to give, often called pledges, are recognized when the promise is made, not when the cash arrives. Conditional promises to give are not recognized until the conditions are substantially met. ASU 2018-08 later clarified this as the point when the barriers in the agreement are overcome. Contributions are reported by whether donor restrictions apply. FASB 116 was effective for fiscal years beginning after December 15, 1994. Smaller organizations, those with less than $5 million in total assets and less than $1 million in annual expenses, had one more year, to fiscal years beginning after December 15, 1995. FASB 116 and ASC 958-605 Today When FASB launched the Accounting Standards Codification in 2009, the original numbered statements were superseded and their guidance was reorganized by topic. The contribution rules from FASB 116…
