Nonprofit

By Carolyn Smith Driscoll, Gabe Rubio, Brad Poris Many nonprofit organizations were forced to shutter or temporarily close their operations under a governmental order as

By Carla DeMartini, CPA, Chad Krcil, FHFMA, CHFP, and Venson Wallin, CPA, CGMA, CFE, CHC, FHFMA, CHFP, HCISPP Through the CARES Act and supplemental funding

By Marc Berger, CPA, JD, LLM On Dec. 2, 2020 the U.S. Treasury and IRS published final regulations under Internal Revenue Code (IRC or Code)

By Marc Berger, CPA, JD, LLM, Alex Lifson, MBA, MST, Norma Sharara, JD, and Joan Vines, CPA In June 2020 the IRS proposed regulations under

By Tammy Ricciardella, CPA On September 17th, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU), 2020-07, Presentation and Disclosures by Not-for-Profit Entities

By Tammy Ricciardella, CPA Many nonprofits receive contributions of both cash and non-cash gifts and are often hesitant to refuse any donations offered. However, there

By Tammy Ricciardella, CPA Many nonprofit organizations receive a variety of gifts-in-kind (GIK) that provide them with resources to supplement their programming. GIK represent a