Category: Nonprofit

Nonprofit update
FASB Clarifies Presentation and Disclosures By Nonprofit Entities For Contributed Nonfinancial Assets

The FASB has issued ASU 2020-07, (“Update”) to clarify the presentation and disclosure of contributed…

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Main Street Lending Program Opening, Terms for Nonprofits Released

The Federal Reserve Bank of Boston announced that the Main Street Lending Program is OPEN…

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COVID-19 FAQs: Nonprofit Orgs
COVID-19 FAQs: Nonprofit & Education

Here are some of the most frequently asked questions and resources to help nonprofit and…

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Best of MFA Insight Articles 2019
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Four Financial KPIs to Measure Nonprofit Success

As a nonprofit leader, your sights are naturally focused on growth, fundraising and driving your…

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Certain Private-Company Accounting Standards Now Extended to Nonprofits

On May 30, 2019, the FASB issued ASU 2019-06, Extending the Private Company Accounting Alternatives…

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Five Reasons Why Your Nonprofit Organization Should Consider Forming an Audit Committee

Adopting and maintaining an audit committee is a critical component for nonprofit organizations in being…

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How Can I Measure the Liquidity of My Nonprofit?

Financial performance measurement is a strategy a Nonprofit organization can use for evaluating operations, programs,…

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Pre-Tax Travel Expense Changes and the Impact to Nonprofits

The Tax Cut and Jobs Act of 2017 added a provision to the Internal Revenue…

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FASB Clarifies Nonprofit Grants and Contributions
FASB Clarifies and Improves Guidance for Nonprofit Grant and Contributions Accounting

The FASB issued ASU 2018-08 to clarify the accounting guidance related to contributions made or received.…

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