Nonprofit Accounting Basics

Advanced Search

Accounting for Special Events

Originally Posted: November 13, 2023

Summer is over and event season is upon us.

Protecting Your Organization and Federal Funds: The Role of Procurement Policies in Risk Management

Originally Posted: October 30, 2023

Implementing spending requirements protects against the improper use of funds.

2023 Nonprofit Symposium Features Virtual and In Person Opportunities

Originally Posted: October 12, 2023

                                                        &

How to Become a Tax-Exempt Organization

Originally Posted: October 10, 2023

The terms “nonprofit” and “tax-exempt organization” are often used interchangeably.

Katelyn Miller, CPA, MST

grf CPAs & Advisors

Term Limits

Originally Posted: September 15, 2023

The purpose of term limits is to provide rejuvenation to the board, eliminate stagnation, and allow the board to evolve as organizational needs evolve.

Contributed Nonfinancial Assets Presentation and Disclosures

Originally Posted: September 11, 2023

New disclosures are required upon implementation of Accounting Standard Update (ASU) 2020-07, which was issued by the Financial Accounting Standards Board (FASB) to increase transparency of contrib

Debt to Assets Ratio

Originally Posted: August 21, 2023

This is one of many leverage ratios used to determine the financial viability of an organization.

Board Member Compensation

Originally Posted: August 15, 2023

There is no federal law that prohibits nonprofits from compensating their board members but some states may forbid compensation for board service.

Bylaws

Originally Posted: August 15, 2023

Bylaws form a legally binding document that outlines the organizational authority levels, how the board functions, and how it is structured.

Pages