Nonprofit Resources
Are Voluntary Donations to Ministers Gifts or Taxable Income?
Churches should be aware of a recent Tax Court ruling on voluntary donations to ministers.
Qualitative Liquidity & Availability Disclosure Considerations for Churches in ASU 2016-14
Even churches that don’t issue external financial statements should have a written cash management policy that could have content and attributes similar to these new qualitative disclosure requirements.
Liquidity & Availability Disclosure Considerations for Churches in ASU 2016-14
We’ve received a number of questions from church clients about the additional disclosures related to liquidity and availability. Here a look at the requirements and what your church should consider as you plan for this significant implementation.
4 Steps to a Solid User Administration Process
Although it may seem like a small detail in the grand scheme of cybersecurity, a good user administration process plays an important role. Taking some basic steps will help your organization create a solid process and reduce your organization’s risk of a breach.
Christian Colleges Rank High for Student Engagement
Among the colleges and universities in the Wall Street Journal/Times Higher Education College Rankings with the highest student engagement, nine of the top 12 are faith-based.
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.
The Current State of Higher Education: Key Issues and Trends
While the higher education industry is large and complex, there are several trends affecting schools of all types and sizes. Faith-based higher education institutions are not immune to these trends.
First-Time Employee Benefit Plan Audits: What to Expect
Certain employee benefit plans with 100 or more eligible participants may be required to engage an independent auditor to audit the plan’s financial records. Although the audit process may seem daunting, it can go smoothly with a little bit of planning and organization. These tips will help you prepare.
5 Suggestions to Perfect Your Audit Committee Charter
These five suggestions should be considered for strengthening even a great audit committee charter.
An Introduction to Robotic Process Automation for Nonprofits
Robotic Process Automation (RPA) allows organizations to automate certain types of work processes to reduce the time spent on costly manual tasks and increase efforts to deliver mission-critical work. Learn how it could benefit your nonprofit.