Nonprofit Accounting Basics

Recent Articles

Decision Making Policy Example

ORG Decision-making Policy

To promote making good decisions, ORG adopts the following principles:

Example Criteria for Major Decisions: A Strategy Screen

General
 
  • The proposed action must align with the organization’s core mission.
  • The proposed action must serve all or a substantial subset of the organization’s

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 Importance of Cash Projections

It is a prudent financial practice to prepare and operate from a budget. The budget is the annual financial plan for carrying out the strategic plan and mission of the organization.

Designing a Four Star Dashboard

In a previous article, we described the importance of including multiple internal stakeholders when selecting and implementing an Association Management System (AMS).

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.”