Category: Nonprofit

MA Nonprofits Getting to Know the CORE Plan
Pledge Receivables: The Accounting Isn’t As Simple As It Might Seem

It’s welcome news for a nonprofit when a donor promises to make a contribution at…

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Nonprofits & Cybersecurity: Countering Weaknesses with Sound Controls
Nonprofits & Cybersecurity: Countering Weaknesses with Sound Controls

In January 2017, Indiana-based nonprofit, Little Red Door – which provides cancer services to local…

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The Nonprofit Case for Internal Controls
The Nonprofit Case for Internal Controls

The core of any organization’s fraud-prevention program is strong internal controls. Yet too many nonprofits…

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What’s the Difference Between Nonprofit and For-Profit Financial Reporting?
What’s the Difference Between Nonprofit and For-Profit Financial Reporting?

Board members and new staff with for-profit backgrounds don’t always grasp the differences between the…

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Private Companies and Nonprofit Entities Can Apply SAB 118
Private Companies, Nonprofit Entities Can Apply SAB 118

The FASB staff would not object to private companies and nonprofit entities applying SAB 118…

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Hand holding a compass
Facilitating a Smooth Independent Audit

Few of us enjoy taking tests, and unfortunately that’s what independent audits sometimes feel like.…

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money in a jar with blurred background
How Nonprofits May Feel the Effects of Tax Reform

The newly enacted “Tax Cuts and Jobs Act” (the “Act”) includes sweeping changes to how…

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What to Consider When Forming an Investment Policy
What to Consider When Forming an Investment Policy

Does your nonprofit have a formal investment policy? If not, your organization’s investment committee might…

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Unbudgeted Expenses? Operating Reserves Can Help
Unbudgeted Expenses? Operating Reserves Can Help

Even the best-laid plans can go awry. A major grant your organization counted on could…

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Building a Stronger Internal Audit Function
Building a Stronger Internal Audit Function

In recent years, nonprofits have been the target of increased scrutiny over governance, accountability and…

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