Protecting your Nonprofit from Cybersecurity Threats
Organizations today face a litany of technological worries when it comes to protecting against cyberattacks. Bad actors can paralyze systems with ransomware, capture sensitive data through phishing schemes, or simply steal data to be sold on the dark web or … Read more…
Revisiting Current Expected Credit Losses (CECL) for Nonprofits
Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 326: Financial Instruments—Credit Losses enacted changes to the credit loss recognition threshold for certain financial assets for financial statements presented in accordance with accounting principles generally accepted in the United … Read more…
Key Differences Between Reporting on the Form 990 and Financial Statements
There are several differences of which you should be aware when comparing a nonprofit organization’s IRS Form 990 to its U.S. GAAP financial statements. We have summarized some of the key differences below. Reporting Entity In accordance with accounting principles … Read more…
“Planning for a Successful Audit” Webinar: Watch the replay
Join the Jones & Roth Nonprofit Team for an overview of the financial statement audit process so you know what to expect and how to best prepare for your audit. We highlight the common mistakes to avoid and share our … Read more…
Lease Accounting for Nonprofit Lessees
Financial Accounting Standards Board (FASB) Accounting Standards Codification (ASC) Topic 842: Leases made significant changes to the accounting and reporting of leases on financial statements presented in accordance with accounting principles generally accepted in the United States of America (U.S. GAAP). … Read more…
Introducing Community Event Submissions and Listings
Jones & Roth is thrilled to announce an enhancement to our website that fosters community engagement and inclusivity. Nonprofit organizations in our community can now take advantage of this new feature: Community Events Submissions. This allows organizations to share their … Read more…
Nonprofit Webinar: “Planning for a Successful Audit”
Watch the Replay Here: Join the Jones & Roth Nonprofit Team for an overview of the financial statement audit process so you know what to expect and how to best prepare for your audit. We highlight the common mistakes to … Read more…
Tax Brief: Form 990, Schedule A: Public Charity Status and Public Support
For many non-profit organizations, Schedule A is the most important part of the Form 990 Return of Organizations Exempt from Income Tax. The purpose of Schedule A is to provide information about the public charity status and public support of the … Read more…
Tax Brief: Form 990, Schedule R – Related Organizations and Unrelated Partnerships
The IRS Form 990, Schedule R is designed to provide information about related organizations, certain transactions with related organizations, and certain unrelated partnerships through which the organization conducts significant activities. This article will explore the relevant reporting requirements for each … Read more…
Determining the Proper Date to Recognize Donations
Determining the proper date to report a donor receipt can sometimes be difficult. Ordinarily, a contribution or donation is considered “made” at the time when delivery occurs. This is the time when a donor gives up control of the funds … Read more…
