Tag Archives: nonprofit

A Perfect Audit

Is it possible? Does such a thing as a perfect audit exist? What defines a perfect audit for you? If I had to write a definition, based on many years of performing audits and talking with clients, I believe most … read more >

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Behind the Scenes – An Overview of the Single Audit Process

If your organization has ever undergone a single audit before, then you know that the process is extensive. A single audit adds additional time and cost to an organization’s existing financial audit. However, organizations who understand the single audit process … read more >

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#BestPractices – Branding Your Nonprofit on Social Media

Social media is more than just viral videos, challenges, memes, and live streams; it’s the largest community available to generate brand awareness.  Social media has continued to change the way people interact and communicate.  How can your nonprofit leverage this … read more >

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Form 990: Employee Compensation Disclosure

The annual Form 990 informational return for nonprofit organizations requires disclosure of compensation information for specific employees, but who qualifies for disclosure?  Part VII of the 990 requires the reporting of officers, directors, trustees and key employees of the organization … read more >

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FASB Exposure Draft on Goodwill Reporting for Nonprofits

Now that we’ve all mastered the updated not-for-profit financial reporting model, and are well prepared to implement the new revenue recognition standard, what could the FASB possibly have in store for us next? If you guessed an update to the … read more >

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Public Disclosure of Form 990

The IRS Form 990 is an informational tax return that provides an annual summary of the organization’s activities, governance and detailed financial information. Because the Form’s purpose is to provide public information, it makes sense that organizations must make their … read more >

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Questions to Ask Before Joining a Non-Profit Board

Being asked to join a non-profit Board of Directors can be an honor and a big responsibility.  If asked to join a Board for a non-profit organization, it is important for a potential candidate to ask the organization and oneself … read more >

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