Article Archives: 2016

By Pete Miller, CPA, CFE

April 21, 2020 update: To provide accounting relief and clarity during the COVID-19 crisis, the FASB published an exposure draft with proposals to delay the effective dates for Leases (Topic 842).

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By Karen L. Dunn, JD, LLM

September 6th is the due date for filing the notification of intent to operate as a 501(c)(4) organization, if the organization existed on July 8,

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One typically thinks of net assets in one of three categories: unrestricted, temporarily restricted, or permanently restricted. Organizations with endowments are very familiar with the concept of comparing the organization’s permanently restricted net asset balance to the related investment balance,

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By Bob Heller, JD, LLM

For those in the nonprofit community with activities in Washington, it often bears repeating that there is no general nonprofit exemption from the State’s business and occupation (“B&O”) tax.

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By Troy Rector, CPA

7/30/2021: This article has been updated since its original publishing date to reflect changes to the Uniform Guidance. 

The lack of indirect cost recovery from Federal grants is nothing new for not-for profit organizations (NFPs).

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By Karen Dunn, JD, LLM

The Protecting Americans from Tax Hikes Act of 2015 (PATH) was signed into law December 18th and includes many provisions affecting charities. Last month,

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By Sarah Wine, CPA

Depending on your organization, in-kind donations may be a primary portion of your revenue and mission, or they may play a minor role in the totality of your revenue.

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I was recently at a not-for-profit (NFP) conference and asked audience members to stand up if they had received donations by cash on behalf of their organization. There was some murmuring,

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As organizations serving people who are elderly, disabled or vulnerable in other ways, teaching them to protect themselves from fraud is an important part of the mission. These Individuals are at greater risk of falling prey to criminals attempting to defraud them by posing as the IRS.

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By Cheryl Olson, CPA, CGMA

The budgeting process can often seem like an exercise that takes a lot of staff time without much impact. If you find that to be true for you,

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