Nonprofit Accounting Basics

Recent Articles

Capital Budgets Play an Important Role in Nonprofit Planning

Annual operating budgets for nonprofit organizations will always be center stage, drawing the attention of senior management, Board, and staff.

Auditor’s Reports Will Soon Look Different

Auditor’s reports will look different for audits of financial statements for periods ending on or after December 15, 2020.

Lobbying and Political Activities Chart

Nonprofits are allowed to lobby, but the type of nonprofit determines the level of lobbying allowed.  Some nonprofits can engage in political activity, but not all are allowed that flexibility

Remote Work Reinforces the Need for Appropriate Cybersecurity

The abrupt shift to virtual operations during the COVID-19 pandemic exposed the vulnerabilities of some nonprofit organizations and resulted in a painful ‘lesson learned’ for others.

The Basics of Nonprofit Dissolution

Weathering the storm of major disruptions financial disruptions is a challenge for all organizations.

Lobbying Requirements Comparison Chart

Common UBIT Myth Related to Nonprofit Revenue and Tax Impact

Myth: “It doesn’t matter how I get the money in the door as long as I spend it on charitable activities.”

When Does Your Activity Become Lobbying?

What Your Nonprofit Needs to Know

Disqualified Persons and the Intermediate Sanctions Excise Tax Regime

Disqualified Persons and the Intermediate Sanctions Excise Tax Regime[1]

How Can I Explain the Bottom-Line Budget Impact of Multi-Year Grants?

Question: I am the Executive Director of a nonprofit organization that was recently awarded a 3-year grant. We recorded the grant in full last year.