Nonprofit Accounting Basics

Recent Articles

Charitable Contributions: Requirements for Written Acknowledgements

Navigating the world of charitable donations can be overwhelming as there are many different types and rules to consider.

Independent Voting Members of the Board

The definition of an independent voting member of the Board of Directors for Form 990 purposes includes four criteria that must be met for independence:

Presidential Actions Impacting Nonprofits

In recent weeks, the new administration has issued a number of Executive Orders and taken other actions that are impacting nonprofit organizations.

Personal Giving

If your organization does not rely fully on earned income or government grants or contracts, it most likely is involved in raising funds from individuals, foundations, and/or for-profit corporation

Common Due Dates for Non-Profits

Both federal and state government agencies impose filing requirements on nonprofits.  It's important to be aware of all filing requirements and the associated due dates. 

Elements of Successful Nonprofit Cybersecurity

Nonprofits are more reliant on technology than ever before to deliver on their mission.

2024 Revised Uniform Guidance Requirements for Single Audits

The Office of Management and Budget (OMB) updated and revised guidance for federal financial assistance, including revisions to 2 CFR Part 200 Uniform Administrative Requirements, Cost Principles, and

The AICPA has updated its practice aid for digital assets – what is new?

In June 2024, the American Institute of CPAs (AICPA) updated its practice aid on the accounting for and auditing of digital assets.

Code of Ethics

One of the most constructive and proactive ways a board can send a message that its organization is committed to accountability, responsiveness, and stewardship is to draft a code of ethics to guid

Tax Facts: Section 501(c)(6) Trade Associations

501(c)(6) trade associations are non-charitable tax exempt organizations generally organized to promote and further the interests of a particular industry or type of business with members who are e