FASB Makes a Final Decision on Two Lease Accounting Issues

By: Eric Vreeland, CPA The Financial Accounting Standards Board (FASB) met on February 15, 2023, to discuss comments on ...
Continue Reading

Passing the public support test

Passing the public support test Unless 501(c)(3) organizations prove they’re publicly supported, the IRS assumes they’re private foundations. The ...
Continue Reading

Are your Accounting and Development departments like oil and water?

Are your Accounting and Development departments like oil and water? When Accounting and Development teams don’t work well together, ...
Continue Reading

Why you should connect with giving circles

Why you should connect with giving circles Giving circles — generally small groups of people who make a charitable ...
Continue Reading

Give your organization’s members a reason to renew

Give your organization’s members a reason to renew When inflation is high, it’s common for people to cut expenses ...
Continue Reading

A refresher on nonprofit endowment management

A refresher on nonprofit endowment management If your not-for-profit has an endowment, you probably know it’s a major ...
Continue Reading

Valuing tangible property donations isn’t as simple as you may think

Valuing tangible property donations isn’t as simple as you may think A new refugee resettlement charity had only just ...
Continue Reading

Even perfectionists can learn to love delegation

Even perfectionists can learn to love delegation Not-for-profit executives can be perfectionists — they often know exactly how ...
Continue Reading

Before your nonprofit celebrates that new grant …

Before your nonprofit celebrates that new grant … Most not-for-profits can’t afford to turn down offers of financial ...
Continue Reading

Tips to help prevent accounting and tax errors

Tips to help prevent accounting and tax errors Although failing to file a Form 990 with the IRS when ...
Continue Reading

Put an advisory board to work on your nonprofit’s challenges

A community health center desperately needed to upgrade its computer network. Unfortunately, the not-for-profit had little IT expertise ...
Continue Reading

New accounting standard: Does it affect your nonprofit?

An accounting standard from the Financial Accounting Standards Board (FASB) that takes effect in mid-December, 2022, could require ...
Continue Reading