Nonprofit Accounting Basics

Revenue

Accounting for Promises to Give

Originally Posted: July 14, 2025

Accounting for Promises to Give Under GAAP, the term “promises to give” is used to describe donor agreements to contribute cash or other assets.

Accounting for Special Events

Originally Posted: November 13, 2023

Summer is over and event season is upon us.

Considering Accepting Digital Asset Donations? Here is what you need to know.

Originally Posted: June 20, 2022

Many nonprofits are facing the decision of whether to accept digital assets or miss the chance of substantial donations as digital assets become more popular and easier to access.

Exchange Transactions

Originally Posted: February 15, 2023

Factors that may indicate an exchange transaction:

Often it is difficult to distinguish between a contribution and an exchange transaction, the following factors are indicative of an exchan

FASB Clarifies and Improves Guidance for Not-for-Profit Grant and Contribution Accounting

Originally Posted: November 14, 2022

On June 21, 2018, the Financial Accounting Standards Board (FASB) has issued accounting standards update (ASU) No.

Get Smart About Art Donations

Originally Posted: February 15, 2021

Non-cash Contributions

Lessons Learned from Adoption of Topic 606, Revenue Recognition

Originally Posted: January 28, 2022

In May 2014, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2014-09

Nonprofit Funding Sources (Donor Types)

Originally Posted: October 31, 2022

Funding comes from a variety of sources for nonprofits. Every nonprofit has a niche and a funding strategy to match.

Raffles -- The Right Way

Originally Posted: January 27, 2021

Raffles are gaining popularity for nonprofit fundraising. Often combined with a gala or other big event, raffles are accessible and fun.

Split-Interest Agreements

Originally Posted: February 15, 2023

What are "split-interest" ("planned giving") agreements?

Split-interest agreements, also known as planned giving, are contributions that assign the legal rights to certain assets to an NFP

Understanding Contributed Services

Originally Posted: November 14, 2022

Contributed services are professional services that have been donated by someone outside of your organization with specialized skills — such as those provided by doctors, nurses, lawyers or account

Whose Money is it? Recording Contributions Held for Others

Originally Posted: June 25, 2020

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

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