Category: Nonprofit

When Income Counts as Unrelated Business Income
When Income Counts as Unrelated Business Income

Dividends, interest, rents, annuities and other investment income are generally excluded when calculating unrelated business…

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Collaborative Activities: Are You Reporting Them Correctly?
Collaborative Activities: Are You Reporting Them Correctly?

More and more nonprofits are joining forces to better serve their client populations and cut…

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Moving on to a New Leader for Your Nonprofit
Moving on to a New Leader for Your Nonprofit

Many nonprofits run into a dilemma in which the person instrumental in establishing and growing…

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FASB’s Nonprofit Financial Statement Changes: A Cheat Sheet
FASB’s Nonprofit Financial Statement Changes: A Cheat Sheet

In late 2016 the FASB released their long-awaited ASU specifically impacting the way nonprofits present…

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Why Good Governance Depends on an Effective Audit Committee
Why Good Governance Depends on an Effective Audit Committee

Unlike public companies, nonprofit boards aren’t required to have audit committees. However, good governance practices…

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Corporate Sponsorship Money: Is It Taxable?
Corporate Sponsorship Money: Is It Taxable?

Nonprofits have pursued corporate sponsorships for years, with good reason. Effectively executed, sponsorships can benefit…

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How the New Changes to Lease Accounting Could Affect Your Nonprofit
How the New Changes to Lease Accounting Could Affect Your Nonprofit

In early 2016 a much-anticipated accounting standard was released on how to treat leases. This…

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Accounting and Tax Mistakes for Nonprofits
Accounting and Tax Mistakes for Nonprofits

The accounting function is key to your organization and should be reviewed regularly. The following…

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Nonprofits: Upgrade Your Internal Controls
Nonprofits: Upgrade Your Internal Controls

Reviewing the COSO Framework Can Help Perhaps you cringe when you see news stories on…

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FASB Clarifies Consolidation Guidance for Not-for-Profit Entities
FASB Clarifies Consolidation Guidance for Nonprofit Entities

The FASB recently issued ASU 2017-02[1] to clarify when a not-for-profit entity (NFP) that is…

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