The 115th Congress has been busy with tax reform but has managed to introduce a proposed bill H.R. 4887 (“Grant Reporting Efficiency and Agreements Transparency Act of 2018” or “GREAT Act”Read More →
The “burden” of indirect costs remains one of the top concerns for both nonprofit organizations and their donors. Faced with limitations on indirect cost recovery from private foundations, shrinking federal dollars, and the increasingRead More →
The answer to the question is a complex one, but each individual statement is equally important especially when used in conjunction with the footnotes. However; before we jump intoRead More →
For nonprofits looking to stand out in an increasingly crowded giving landscape, experimenting with new giving models and integrating new technology into your current campaigns could help you stand out from the crowd.If theRead More →
On June 21, the U.S. Supreme Court issued its widely anticipated decision in South Dakota v. Wayfair. The Court held that states may require a business to collect and remit sales and use taxes even ifRead More →
By Paul Jan Zdunek, MBA, PROSCI® Change Management Certified
A mission statement is more than mere words plastered on a website or at the top of an annual report – it represents everything an organization standsRead More →
Being financially fit and stable is critical to any business, including a not-for-profit (NFP). If a NFP has a weak financial position, it may not be able to sustain its operations.Read More →
The bill known as the Tax Cut and Jobs Act of 2017 (the “Act”) in Internal Revenue Code (IRC) Section 4960 (specifically Sec. 13602) imposes a 21 percent excise tax on employers forRead More →
The Tax Cut and Jobs Act of 2017 (the “Act”) will have a profound impact on tax-exempt organizations. Even those that don’t report unrelated trade or business income orRead More →
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The Great Act – Transforming How the Government Uses Grant Reporting Data
/in Blog, Nonprofit /by John TempletonBy Lee Klumpp, CPA, CGMA
The 115th Congress has been busy with tax reform but has managed to introduce a proposed bill H.R. 4887 (“Grant Reporting Efficiency and Agreements Transparency Act of 2018” or “GREAT Act” Read More →
Shaking Off the Stigma of Indirect Costs
/in Blog, Nonprofit /by John TempletonBy Andrea Wilson
The “burden” of indirect costs remains one of the top concerns for both nonprofit organizations and their donors. Faced with limitations on indirect cost recovery from private foundations, shrinking federal dollars, and the increasing Read More →
Updates to FASB Proposed Guidance For Contributions
/in Blog, Nonprofit /by John TempletonBy Lee Klumpp, CPA, CGMA
The Financial Accounting Standards Board (FASB) met in February 2018 to re-deliberate on the proposed Accounting Standards Update (ASU), Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance Read More →
How Do You Read and Understand Nonprofit Financial Statements?
/in Blog, Nonprofit /by John TempletonBy Lee Klumpp, CPA, CGMA
The answer to the question is a complex one, but each individual statement is equally important especially when used in conjunction with the footnotes. However; before we jump into Read More →
Survival Tips for the New Era of Fundraising
/in Blog, Nonprofit /by John TempletonBy Andrea Wilson
For nonprofits looking to stand out in an increasingly crowded giving landscape, experimenting with new giving models and integrating new technology into your current campaigns could help you stand out from the crowd.If the Read More →
State Tax Risk Due To The “Wayfair Supreme Court Decision”
/in Blog, Tax Planning & Compliance /by Steven LeoneOn June 21, the U.S. Supreme Court issued its widely anticipated decision in South Dakota v. Wayfair. The Court held that states may require a business to collect and remit sales and use taxes even if Read More →
Mission Matters
/in Blog, Nonprofit /by John TempletonBy Paul Jan Zdunek, MBA, PROSCI® Change Management Certified
A mission statement is more than mere words plastered on a website or at the top of an annual report – it represents everything an organization stands Read More →
Is Your Not-For-Profit Financially Fit?
/in Blog, Nonprofit /by John TempletonBy Lee Klumpp CPA, CGMA
Being financially fit and stable is critical to any business, including a not-for-profit (NFP). If a NFP has a weak financial position, it may not be able to sustain its operations. Read More →
New Tax Law’s Excise Tax ‘Bite’ On Exempt Organization Compensation
/in Blog, Nonprofit /by John TempletonBy Michael Conover
The bill known as the Tax Cut and Jobs Act of 2017 (the “Act”) in Internal Revenue Code (IRC) Section 4960 (specifically Sec. 13602) imposes a 21 percent excise tax on employers for Read More →
Six Tax Reform Issues Impacting Nonprofit Organizations
/in Blog, Nonprofit /by John TempletonBy Laura Kalick, JD, LLM in Taxation
The Tax Cut and Jobs Act of 2017 (the “Act”) will have a profound impact on tax-exempt organizations. Even those that don’t report unrelated trade or business income or Read More →