News Category: Nonprofit

Illustration of office workers and the term 'GAAP'
August 8, 2022

Nonprofit Webinar: Annual GAAP Update for Not-for-profit Organizations

Click Here to Register Now Join the Jones & Roth Nonprofit Team on September 9, 2022 at 12pm–1:30pm for an … Read more…

Image of hands holding a gift with a ribbon
July 22, 2022

Accounting Standard Update for Gifts in Kind

A recent accounting standard update (ASU) for nonprofits has been issued by the Financial Accounting Standards Board (FASB). ASU 2020-07 … Read more…

Illustration of people donating to a large donation box
July 6, 2022

A Closer Look at Donor-Restricted Contributions

A contribution is an unconditional transfer of assets or settlement of liabilities in a voluntary, nonreciprocal transfer. Contributions are recognized … Read more…

Image of a woman going through an audit
September 23, 2021

Update on Provider Relief Funds (PRF) and Single Audit Implications

The delay in the live rollout of the U.S. Department of Health and Human Services (HHS) Provider Relief Funding (PRF) … Read more…

June 25, 2021

IRS Delays in Processing Paper Filed Form 990EZ Returns

The IRS has announced it is experiencing delays in processing paper returns, including Form 990-EZ Short Form Return of Organization … Read more…

June 25, 2021

Tax Brief: Differences Between Form 990 and U.S. GAAP Financial Statements

Reporting Entity In accordance with accounting principles generally accepted in the United States of America (U.S. GAAP), some organizations are … Read more…

May 25, 2021

OMB Issues Memo Authorizing Awarding Agencies to Extend the Single Audit Submission Deadline

The U.S. Office of Management and Budget (OMB) issued a memo on March 19, 2021 that indicates awarding agencies should … Read more…

Image of a person reviewing financial documents
May 12, 2021

A Nonprofit’s Guide to Financial Statement Services: Audit, Review, Compilation, and Preparation

Financial statements are a critical component used by management and boards of nonprofit organizations (NPO) to gauge how well the … Read more…

March 22, 2021

Tax Brief: Form 990, Schedule M – Noncash Contributions

From donated clothing to medical supplies to securities, non-cash contributions are a vital form of support of many non-for-profit organization. … Read more…

image of irs form 990
January 14, 2021

Webinar: What Every Nonprofit Needs to Know about Form 990

In this webinar, we share best practices and policies for ensuring compliance with reporting requirements. You’ll gain valuable information that … Read more…