Nonprofit Accounting Basics

Recent Articles

Strategic and Financial Planning

Without a solid strategic plan to guide future decisions, direct staff in the right direction, and help the board and staff assess accomplishments, the organization functions without a rud

Federal Tax Deadlines for Exempt Organizations: Essential Compliance requirements along with their required deadlines

When it comes to federal tax filings, exempt organizations have various deadlines and requirements based on their classification and financial activities.

The Fine Print - Decoding Nonprofit Financial Statements Footnotes Disclosure

Importance of the Footnote Disclosure

Charitable Contributions: Requirements for Written Acknowledgements

Navigating the world of charitable donations can be overwhelming as there are many different types and rules to consider.

How to Follow Uniform Guidance When the Guidance Is No Longer Uniform

The Uniform Guidance (UG)—published by the Office of Management and Budget (OMB) in 2014 and now codified at 2 CFR Part 200—was intended to standardize administrative requirements,

Independent Voting Members of the Board

The definition of an independent voting member of the Board of Directors for Form 990 purposes includes four criteria that must be met for independence:

Presidential Actions Impacting Nonprofits

In recent weeks, the new administration has issued a number of Executive Orders and taken other actions that are impacting nonprofit organizations.

Personal Giving

If your organization does not rely fully on earned income or government grants or contracts, it most likely is involved in raising funds from individuals, foundations, and/or for-profit corporation

Endowment

An endowment refers to a fund or funds that are generally kept permanently. Their interest income provides for the overall operations of the organization.

Common Due Dates for Non-Profits

Both federal and state government agencies impose filing requirements on nonprofits.  It's important to be aware of all filing requirements and the associated due dates.