Entries by John Templeton

GASB Simplifies Accounting for Capitalized Interest

By Susan Friend, CPA The Governmental Accounting Standards Board (GASB) Statement No. 89 (Statement), Accounting for Interest Cost Incurred before the End of a Construction Period, which is effective for reporting periods beginning after Dec. 15, 2019, brings a welcome relief to state and local governments by eliminating complex capitalized interest calculations. Under this Statement, […]

The Uniform Guidance – Five Years and Counting

By Matt Cromwell, CPA It has been over six years since Title 2 U.S. Code of Federal Regulations (CFR) Part 200, Uniform Administrative Requirements, Cost Principles, and Audit Requirements for Federal Awards, more commonly known as the Uniform Guidance (UG) was released. The date of Dec. 26, 2013, will forever be seen as the day […]

Significant Rule Change for Certain Tax Exempt Organizations Reporting Donor Information

By Marc Berger, CPA, JD, LLM On July 16, 2018, the Internal Revenue Service (IRS) released Revenue Procedure 2018-38, modifying the information reported to the IRS by certain tax-exempt organizations on their annual Form 990 or Form 990-EZ information return. Affected organizations will no longer be required to report the names and addresses of their […]

Identifying and Overcoming Common Nonprofit Challenges

By Laurie De Armond, CPA, and Adam Cole, CPA Nonprofit organizations are uniquely shaped by their mission, history, size, program goals and community. But leaders of these organizations—whether a CFO at a global health services charity, a CIO of an education endowment or the executive director at a museum—share a common goal of advancing their […]

How Predictive Analytics Is Transforming NPO Fundraising

By Joe Sremack, CFE, and Gurjeet Singh, MCP The art of nonprofit fundraising is quickly becoming a science. Fundraising is a vital process for the mission of many nonprofit organizations (NPOs), and the better organizations are at this process, the more effective they become in their missions. Historically, this process consisted of following standard fundraising […]

Compensation Committee Wake-Up Call – The ‘Other Obstacle’ To Leadership Transition

By Michael Conover I have previously discussed the inevitable transition of numerous baby boomers holding leadership posts in nonprofit organizations. The topic has been well-covered in a variety of publications for nearly a decade. However, I believe the seismic shift that some have predicted has failed to materialize on a scale that was predicted. I […]