Nonprofits may invest excess cash to build income
Jayme F. Moore, CPA Vice President & Director Nonprofit organizations looking for new sources of income may find it in their own treasury in the form of excess cash. If your organization determines it has excess cash that will not be needed for operations in the...Nonprofits gain insights into organizations’ needs from Statement of Functional Expenses
Linda J. Kramer, CPA, MBA Accounting & Auditing Director Nonprofit organizations were challenged a few years ago when they had to adapt to the significant changes in financial reporting standards that became effective with ASU No. 2016-17 – Presentation of...A fraud recovery plan is essential if your nonprofit is victimized
Sean McNeil, CPA Accounting & Auditing Manager No one wants to think of a nonprofit organization being defrauded. But it happens, and your nonprofit board should create a fraud recovery plan now in case your organization is victimized. Nonprofit organizations make...Benchmarking for Nonprofits
It’s essential these days for nonprofits to measure their financial and program performance in ways that can be quantified and reported to stakeholders. This is where benchmarking comes in.
SECURE 2.0 Impact on Nonprofits
Significant changes to workplace retirement plans were enacted in the waning days of 2022 as the SECURE Act of 2022 – also known as “SECURE 2.0” – was signed into law.