FASB Changes Will Impact Not-For-Profit Accounting
The Financial Accounting Standards Board (FASB) recently released proposed accounting standards updates that could have a major impact on nonprofit organizations. The first major update to the...
View ArticleNot-for-profit Q & A: Contributed Services
Contributed services – when do they have to be recorded in the financial statements? Donated services are to be recorded in the financial statements when the services create or enhance a non-financial...
View ArticleUnrelated Business Income Taxes (UBIT)
Most NFPs are founded to provide some public benefit. Tax-exempt status refers to the federal income tax exemption that is available for certain kinds of income under section 501(a) of the Internal...
View ArticleWhy Should Your Not-for-Profit Organization Care About CRA?
by guest contributor Brian Waters, findCRA As a not-for-profit, at some time in your bank outreach and relationship building efforts, you may have been told to seek out CRA funding or heard that the...
View ArticleStay In Control: Top Fraud Risks For Not-for-Profit Organizations
In 2017, a man posing as an Atlanta-based tax consultant was sentenced to 27 months in prison for fraud and money laundering that impacted one of the largest health care organizations based in...
View ArticleNew Law Impacts Nonprofits and Foundations
New law repeals nonprofit parking tax, simplifies private foundation excise tax on investment income & provides special treatment for disaster relief donations to public charities. The post New Law...
View ArticleJust Released: Nonprofit Standard Newsletter, Winter 2020 edition
Keep up with key trends in the nonprofit industry & the continuing impact of COVID-19 with the BDO Nonprofit Standard Winter 2020 newsletter. The post Just Released: Nonprofit Standard Newsletter,...
View ArticleNavigating Political Uncertainty for Nonprofits
With the upcoming inauguration, every nonprofit has the same question in mind: How will the shift in government affect my organization? A bipartisan panel will discuss in this upcoming webinar. The...
View ArticleEmployee Retention Credit for Nonprofit Employers
In welcome news for nonproft organizations that were not eligible for the ERC in 2020 due to receiving a PPP loan, the Consolidated Appropriations Act, 2021 retroactively eliminates this limitation and...
View ArticleIs Your Nonprofit Prepared for a Cyberattack?
COVID-19 has damaged many fundraising abilities, and a nonprofit cyberattack could make that damage even worse. To protect their organizations, nonprofits should invest in de-risking their data and...
View ArticleNonprofit Communication Best Practices for Management & Board Members
Working alongside board members and management teams that are equally passionate about an organizations’ mission is one of the great things about serving a nonprofit. Here are some best practices for...
View Article5 Steps to Maintaining Donor Engagement
Many nonprofits are still experiencing the aftereffects of the COVID-19 disruption. Following these five steps will help with maintaining donor engagement, building trust and confidence, and increasing...
View ArticleAddressing Leadership Challenges in a Remote Work Environment
The shift to a remote work environment will likely change the way employees work forever. By being intentional, adaptive and flexible, organizational leaders can help ensure that the current workforce...
View ArticlePrivacy By Design for Nonprofits
Using Privacy by Design (PbD) principles, nonprofits can ensure services and business processes are designed to protect privacy from the beginning rather than applied as an afterthought. The post...
View ArticleReinvesting in Your Organization Post-COVID-19
Although there are a number of ways for nonprofit organizations that now have surplus funds to approach reinvesting for growth, consider focusing in these areas. The post Reinvesting in Your...
View ArticleBiden Administration Priorities to Watch
With the first 100 days in the rearview mirror, Biden Administration priorities are shifting to the future. Business leaders should prepare for swift movement in ESG, innovation, infrastructure, tax...
View ArticleElements of a Successful #GivingTuesday Campaign
Organizations are wondering if they'll be able to match last year's record-breaking #GivingTuesday campaign. Here are some common elements to successful campaigns. The post Elements of a Successful...
View Article2021 Nonprofit Benchmarking Survey
The annual BDO nonprofit benchmarking survey takes a deep dive into how organizations are emerging from a tumultuous year and includes snapshot reports specific to revenue earnings, health and human...
View ArticleNonprofits Gear Up for Sustained Opportunity in 2022
Nonprofits are faced with pivotal moments to turn crisis into opportunities as disruption drive positive change for many organizations. The post Nonprofits Gear Up for Sustained Opportunity in 2022...
View ArticleChanges to Nonprofit Reporting of Gifts-In-Kind
FASB ASU No. 2020-07 requires new disclosures and presentation standards for nonprofits for what is commonly known as gifts-in-kind. The post Changes to Nonprofit Reporting of Gifts-In-Kind appeared...
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