Nonprofit Accounting Basics

Recent Articles

Navigating compliance as a 501(c)(4) tax-exempt organization

Here’s a helpful guide for these organizations, especially when it comes to political activity and lobbying.


Nonprofit organizations, like any other entities, face a range of risks and challenges in their day-to-day operations.

The Dos and Don’ts for Charity Auctions

Whether or not this is the first time you are doing an auction or the auction is a regular event for your 501(c)(3) organization, this article will provide a variety of pointers which apply to live

Special Events—Tax Considerations and Reporting

Special events, in this context, are synonymous with fundraising events such as galas (most typical), luncheons, golf tournaments, shows and auctions.  They are unrelated to the exempt purpose

But We’re a Non-profit! We Don’t Pay Income Taxes!

Really? Your organization might not be paying income taxes, but should it be?


Indemnification is the organization’s direct expression of willingness to protect its board members (and its senior staff) from the financial burdens of liability.

Mission and Strategy-Board Governance for Charitable Nonprofit Organizations

The board governance plays a crucial role in shaping and guiding the mission and strategy of a non-profit organization.

Volunteer Protection Act

The Volunteer Protection Act of 1997 provides personal immunity to individuals who act on behalf of an organization in a volunteer capacity.


Incorporating your nonprofit organization establishes it as a legal entity designed primarily to provide limited personal liability protection for those overseeing the organization.

Risk Management Plan

The board bears the responsibility for the safety of the organization.