Webinar Replay: What Every Nonprofit Needs to Know About Form 990
Jones & Roth’s Nonprofit Team is excited to present a webinar designed to help nonprofit leaders navigate an important IRS filing: Form 990. This form is more than just a compliance requirement—it’s a critical document that can influence how donors … Read more…
Tax Brief: Board Review of the Form 990
The IRS requires nonprofit organizations to disclose whether the Form 990 was provided to all members of the Board of Directors prior to filing and to describe the review process used. Board review of the Form 990 is not statutorily … Read more…
Five Tips for Making Your Nonprofit’s Financial Statement Audit Stress-Free
For many nonprofit leaders, the annual financial statement audit feels like a necessary headache—time-consuming, stressful, and disruptive. But it doesn’t have to be that way. When managed well, an audit is more than a compliance exercise; it’s an opportunity to … Read more…
Quick and Inexpensive Fraud Testing Procedures
Finance Directors and Controllers today are tasked with guarding their organizations against an ever-changing landscape of external threats. But, too often the risks under their own roof can be overlooked. Occupational fraud is a very real threat that can have … Read more…
Nonprofit Contributions: Donor-imposed Conditions vs. Donor-imposed Restrictions
Revenue recognition for nonprofits can be a tricky area to navigate as it typically involves making various judgments while following a lengthy decision tree. Despite the challenges, there is a relatively linear thought process to follow, and it is important … Read more…
Does it count as a charitable contribution?
Just because something is called a donation, doesn’t mean it yields a charitable deduction. In fact, many charities offer programs wherein participants are required to make a “donation” prior to partaking. When trying to determine whether a donor can claim … Read more…
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…
