When Should Your Executive Director Think Like a CEO?
Nonprofit leaders are known as “executive directors” and for-profit leaders are known as “CEOs.” Is there a difference between the two? Both are leaders of their organizations; both strive to meet the expectations of their board of directors; and both … Read more…
Dashboard Reporting – Three key metrics
The not-for-profit sector is an ever-growing and evolving industry and with that comes various challenges and opportunities. With good financial reporting and analysis, not-for-profit organizations can prepare for these challenges and take advantage of opportunities that arise timely and with … Read more…
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 Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets will be effective for nonprofits with annual reporting periods beginning … Read more…
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 at fair value when the contribution is made/promised. Revenue from unconditional contributions is recognized by the nonprofit in the period received/promised … Read more…
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 organization is performing, determine the strength of financial position, and to make informed decisions for the future of the organization. … Read more…
Tax Brief: Form 990, What You Need to Know About Schedule G
The IRS Form 990’s Schedule G provides information about a not-for-profit organization’s fundraising activities and events, including benefit dinners and auctions. The schedule also covers gaming activities conducted by the organization, such as bingo, casino nights, or video poker. This … Read more…
WATCH: “Nonprofit Internal Controls in the Remote Working Environment”
Fraud can affect any organization, no matter the size, location, or industry. Internal controls are more important than ever in this uncertain environment. In this webinar presentation, Kari Young, CPA and special guest Kristin Short from Oregon Pacific Bank discuss … Read more…
Three Risks Facing Nonprofits Today
Four Traits of a Quality Board Member
Establishing a board of directors is an important first step for any nonprofit. Selecting ideal individual members and then ensuring the group functions cohesively will take time, but it will be well worth the effort. Whether an organization is just … Read more…
Key Performance Indicators (KPIs) for Nonprofits
As a manager of a nonprofit, you are challenged with a diverse set of responsibilities that are critical to the success of your organization. Key Performance Indicators (KPIs) can be useful tools in your management toolbox. KPIs are quantifiable measures … Read more…
