Welcome to Nonprofit Accounting Basics — a resource designed to help you produce accurate records and reports, encourage and measure accountability, and successfully manage and sustain your nonprofit organization.

Featured Articles

Emily Robertson
Oct 27, 2014


This article is meant as an overview to intermediate sanctions and who is a disqualified person under that excise tax regime. Readers should be aware that this is meant as a “Disqualified Persons: 101” level discussion. There are many nuances in the application of these rules, for example, for entities with complex structures, supporting organizations, or donor advised funds that are not discussed in this article.

Benjamin Takis
Aug 25, 2014

On July 1, 2014, the IRS revolutionized the nonprofit world by finalizing and launching the Form 1023-EZ, a new streamlined method of applying for 501(c)(3) status. The Form 1023-EZ is now live on www.pay.gov, along with final instructions, and the accompanying Revenue Procedure 2014-40.

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