Nonprofit Resources
Is Running a Nonprofit with a For-Profit Vision the New Normal?
Adopting a business mindset won’t fix problems overnight, but it will start to push a nonprofit to ask more critical questions about its future growth and where to make the right investments. Here are three key lessons from the for-profit world that can strengthen nonprofits’ long-term growth.
Does Your Information Governance Program Look Like an Abandoned Fairground?
An information governance program helps hold organizations and individuals accountable for the proper handling of information assets. Learn how your organization can benefit.
Impact of Wayfair Supreme Court Decision on Nonprofit Organizations
In June 2018, the U.S. Supreme Court held that states can require a retailer to collect and remit sales tax even if the retailer lacks an in-state physical presence. See what the implications may be for your organization.
Discrepancies Between ASU No. 2016-14 and Form 990
ASU No. 2016-14 contains changes to NFP financial reporting standards that generally do not correspond to the presentation in the current Form 990.
Nonprofit Issues Newsletter, December 2018
How predictive analytics is transforming fundraising, valuing gifts-in-kind donations, guidance on new UBIT rules, and more.
IRS Issues Interim Guidance on “Parking Tax”
December 13, 2018 – The IRS and Treasury have released much-anticipated guidance on the “parking tax” under Internal Revenue Code (IRC) section 512(a)(7). As we suspected, paying a third party for employee parking and reimbursing employees for parking is taxable.
Qualified Charitable Distribution Trap for IRA Checkbook Holders
There's a potential pitfall for IRA owners whose account is with a custodian that provides the owner with a checkbook they can use to write checks on their IRA account. Here's what your organization should know about this issue.
How Predictive Analytics Is Transforming NPO Fundraising
Perhaps the most important technological breakthrough for NPO fundraising in recent memory is predictive analytics. This technology is enabling NPOs to run more effective fundraising campaigns and quickly boost their fundraising results. Here's how your organization could benefit.
Challenges in Auditing GIK
Assessing an nonprofit’s policies and procedures related to valuing material gift-in-kind (GIK) transactions is an important part of an NFP audit. Because there is no single source of pricing that is appropriate for valuing GIK donations, it falls on the NFP to arrive at an appropriate estimate of fair value. Here are some key considerations.
The Importance of Cybersecurity Training
While your organization needs to have filters, processes, and controls in place, it’s important to not overlook the “doors” that can be left unlocked by employees and other network users.