Nonprofit Accounting Basics

Recent Articles

Annual Budget Process Assessment: Is Your Budgeting System Helping to Drive Results?

Stepping back once a year to take a high-level assessment of your budget system is both a best practice and a proactive exercise.

IT Security is More Critical than Ever for Nonprofits and Associations

With employees working from home, many nonprofits and associations (particularly smaller organizations) are more concerned than ever about information technology (IT) security.

Can your board answer “What Is Your Organization Identity?”

What makes you different from another institution? Why are there 5 different gardens? Why 8 different homeless shelters? Why 6 different animal welfare organizations?

Nonprofit Accounting: Serving the Mission

Though not usually involved in customer service to donors or members, the accounting and finance department of a nonprofit often provides customer service to the rest of its organization.

Eight Key Provisions of the Chapter Affiliation Agreement

If you work for a nonprofit that aspires to have a nationwide or worldwide reach, it is likely you’ve spent some time thinking about the topic of local chapters.

The Tax Consequences of Fee-for-Service (Part 1 of 2): The Exempt Purpose Test

The past decade has been marked by the increasing commercialization of the non-profit sector.

The Tax Consequences of Fee-for-Service (Part 2 of 2): The Unrelated Business Income Tax

In the first part of this two-part series, we discussed the growing commercialization of the non-profit sector, and examined how and when heavy reliance on “fee-for-service” revenue may be inconsis

Form 990 Preparation Tips

As anyone who has had to compile information for the Form 990 knows, what the IRS is requesting is exceptionally time consuming to put together.   If your organization is subject to an au

Whose Money is it? Recording Contributions Held for Others

Winter is here, and many organizations are preparing for the rush of year-end grants and contributions.

Interim Stimulus Plan

Last week the Interim Stimulus Plan was passed by Congress and signed by President Trump as an amendment to the Coronavirus Aid, Relief and Economic Stimulus (CARES) Act.  The main provisions