Nonprofit Issues Newsletter, October 2020
October 27, 2020 - Gain insight on key nonprofit topics, including budgeting, vendor management, executive compensation, and more.
“Are We Paying Our Executives Appropriately?”
October 23, 2020 - Executive compensation is an important issue, and COVID-19 has created new considerations. Answering these three questions will help your organization determine if you're paying your executives appropriately.
6 Key Considerations for Budgeting in Changing Times
October 16, 2020 - There is still considerable uncertainty about the global pandemic and its long-term effects, and budgeting effectively when so much is unknown can feel overwhelming. These considerations and steps can help you assess and modify your budget to the new realities we encounter.
FASB Approves Accounting Updates to Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets
October 15, 2020 - FASB has issued an ASU intended to improve transparency in the reporting of contributed nonfinancial assets, also known as gifts-in-kind, for not-for-profit organizations.
The Ministry of Management
August 19, 2020 - While the word “management” does not appear in Scripture, the functions of management are part of the activities of the gift of administration or governing mentioned in Romans 12 and I Corinthians 12. Guest author Jim Canning shares his insight on the ministry of management and the continual need for skilled people wanting to serve the Lord in this manner.
Webcast: The CARES Act – Common Issues and Considerations for International Mission Agencies
April 24, 2020 - This recorded webcast answers common questions about the CARES Act and associated legislation and guidance as it relates to international mission agencies. Co-sponsored by Missio Nexus.
Mission Agencies and Paycheck Protection Program Loans
April 20, 2020 - Paycheck Protection Program loans have unique considerations for many mission agencies. We look at how to define principal place of residence and best practices for using and accounting for the loan proceeds.
Gifts-in-Kind: Reporting Contributions of Nonfinancial Assets
Since the standards for recognizing contributions at their fair value were issued in 1993, NFPs have been challenged to measure the value of the myriad contributions they receive. This controversial area is once again being addressed by watchdog agencies and state attorneys general and, thus, is one that NFPs should navigate with care.
A Template for Successful Nonprofit Mergers and Acquisitions
Nonprofit mergers and acquisitions can be beneficial for both organizations involved, but they require a significant investment of time and effort. If your organization is considering joining with another entity, these four phases will help guide you through the necessary steps.
Board Governance: A Board Member’s Perspective
A nonprofit’s governing body is integral to the success and effectiveness of the organization. But what exactly does it take to excel as a board member? This article highlights insights into board member responsibilities and how nonprofits can position their boards for success.