Article Archives: 2016

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, and determining the amount that those net assets are over or under water. A similar […]

Posted by: Sarah Huang

By Sarah Huang, CPA On June 14, the House passed a bill prohibiting the requirement that Section 501(c) organizations must disclose their donors on Schedule B. Under current law, all organizations exempt under §501(c) must provide the IRS with a listing of any donor that gave $5,000 or more during the tax year. Some organizations qualify […]

Posted by: Bob Heller

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. The B&O tax is a tax imposed on gross revenue for the privilege of doing business. The State’s definition of “business” […]

Posted by: Troy Rector

By Troy Rector, CPA The lack of indirect cost recovery from Federal grants is nothing new for Not-for Profits (NFPs). This has been especially true for those NFPs who do not have a federally negotiated indirect cost rate, as they receive all, or predominant amounts, of Federal grants from pass-through entities. The Office of Management […]

Posted by: Karen Dunn

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, we focused on the permanent extensions in the bill. This month, we focus on the new notice requirements for self-declared 501(c)(4) social welfare organizations in Code […]

Posted by: Sarah Wine

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. Food banks or thrift stores rely heavily on donated food or goods, whereas performing arts organizations or museums may only receive in-kind […]

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, but only about 5% of the audience stood up. By check? About 40% of the room stood up. Credit card? More than half the […]

Posted by: Karen Dunn

By Karen Dunn, JD, LLM The Protecting Americans from Tax Hikes Act of 2015 (PATH), signed into law December 18th, contains some very favorable provisions affecting charities. Some of these provisions provide permanent extensions and some are new administrative procedures. This article focuses on the permanent extensions affecting charities.  However, stay tuned, as next month […]

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. Even persons working hard to get their lives […]

Posted by: Cheryl R. Olson

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, it’s time to change your process. The budget has the potential to establish benchmarks, assess financial health, and increase accountability and oversight. […]

Media Contact

Melissa Takade
Director of Marketing
Clark Nuber
Phone: 425-454-4919
Contact Melissa

Articles Archives

  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013