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…
Tax Brief: Qualified Sponsorship vs. Advertising
A nonprofit can raise money through both qualified sponsorship payments and advertising; however, it is imperative the appropriate distinction between the two is made. Income generated from the sale of advertisement space is considered an unrelated business activity, therefore subject … Read more…
Webinar Replay — “Annual GAAP Update for Not-for-profit Organizations”
Join the Jones & Roth Nonprofit Team for an overview of recent accounting standards updates and key accounting principles for not-for-profit organizations. We share best practices and requirements for ensuring compliance with reporting standards and walk through the recent updates … Read more…
Contribution Accounting Under U.S. GAAP
In June 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-08, Not-for Profit Entities (Topic 958): Clarifying the Scope and Accounting Guidance for Contributions Received and Contributions Made. The ASU was issued to improve the accounting … Read more…
Fraud: It’s Not Just for Insiders
In our ever-expanding digital world, many of us have had at least one of the following experiences: If you have, these are all warning signs of potential fraud from outsiders. We are continuing to see a growing number of schemes … Read more…
Tax Brief: Form 990, Schedule I Grants and Other Assistance
The IRS Form 990’s Schedule I is designed to provide information about a not-for-profit organization’s giving of grants and other assistance to domestic individuals, governments, and organizations. This includes cash grant awards, non-cash assistance, scholarships, stipends, and other similar payments. … Read more…
