Demystifying Nonprofit Cost Allocations
By Dan Durst, MBA, and Gina McDonald, CPA When asked what is at the top of their finance department “to-do” list, many nonprofits name the
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By Dan Durst, MBA, and Gina McDonald, CPA When asked what is at the top of their finance department “to-do” list, many nonprofits name the
Data quality is a critical factor for organizations of all sizes, and nonprofits are no exception. Poor data quality can lead to inaccurate business decisions,
The Internal Revenue Service finalized regulations on Feb. 23, 2023, significantly expanding mandatory electronic filing of tax and information returns that require almost all returns
It’s not hard for some of us to think back to the lush green lawns and stately buildings of our college and university alma maters.
An endowment is a pool of funds donated or set aside to be preserved over time in order to support an organization’s mission. Nonprofits establish
While Accounting Standards Codification (ASC) Topic 842 is applicable to all entities, the adoption of the new leasing standard by nonprofit organizations is bringing into
In June 2022, the Governmental Accounting Standards Board (GASB) issued GASB Statement No. 101, Compensated Absences (GASBS 101 or Statement). The Statement updates the accounting
In 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-13, Financial Instruments – Credit Losses (Topic 326): Measurement of Credit Losses
By Tammy Ricciardella, CPA Background On Dec. 27, 2020, the Economic Aid to Hard-Hit Small Businesses, Nonprofits and Venues Act (the Act) became law as
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