Accounting May 12, 2025
Proper financial reporting is essential for not-for-profit organizations to maintain transparency, donor confidence, and regulatory compliance. But despite their best intentions, many NFPs consistently make critical errors in their financial statements.
January 29, 2025
January 22, 2025
May 15, 2015
Like any business, nonprofits need to monitor expenses, create a viable income stream, pay bills, and invoice and collect on past due monies. But unlike a regular business, a nonprofit also needs to manage multiple programs, track and maintain ...
May 13, 2015
The NFP segment of the U.S. market has historically been 5% of all businesses. This market share has grown to over 10% in the last decade. While business may be doing charitable, human interest or targeted work, this does not mean that the ...
May 11, 2015
The American Institute of CPAs has launched a new membership section for practitioners and others who serve or work for the nation’s growing not-for-profit sector. The AICPA’s Not-for-Profit Section will provide support and resources in the areas of ...
May 7, 2015
The Internal Revenue Service is reminding tax-exempt organizations that many have a filing deadline for Form 990-series information returns in mid-May.
May 1, 2015
The Internal Revenue Service (IRS) has taken significant actions to improve the processing of tax-exempt applications involving political intervention, according to a new report from the Treasury Inspector General for Tax Administration (TIGTA).
April 29, 2015
The Financial Accounting Standards Board (FASB) has issued a proposed Accounting Standards Update (ASU) intended to improve the information provided in not-for-profit financial statements and notes to financial statements. Stakeholders are encouraged to review and comment on the proposed ASU, Presentation of Financial Statements of Not-for-Profit Entities, by August 20, 2015. “The proposed ASU contains...…
April 6, 2015
Four in five Americans believe not-for-profit employees should be exposed to the same training as finance professionals at other businesses
April 1, 2015
IRS Form 990-EZ is the short version of the annual information return Form 990, which is required by the Internal Revenue Service for tax-exempt organizations. The return includes information about the organization’s mission, programs and finances.
February 5, 2015
More and more Americans are choosing to make their donations to charities online, as opposed to in-person or mail-based giving, according to the latest Charitable Giving Report from Blackbaud, a developer of technologies for nonprofit organizations.
October 1, 2014
A new analysis of how Americans and Canadians donate to nonprofit organizations shows the greatest overall increase since 2008.
September 30, 2014
Like all businesses, nonprofits need to track expenses, monitor income, create budgets, and produce financial statements. Also unlike their for-profit counterparts, nonprofits also need to track programs, membership dues, association fees, donations and grant funds.
August 25, 2014
Kansas Secretary of Revenue Nick Jordan told Wichita Republicans Friday that the state's system for giving sales tax exemptions to charities is too political -- and politics will probably keep it from getting changed.