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.
‘Board-designated assets’ may help your nonprofit weather an economic storm
Board designation may help your nonprofit steward excess liquidity.
Employees of local companies may be a ready volunteer force
Volunteering is still down since the pandemic. Could your nonprofit find new volunteers at local companies?
Changes to auditor’s report aimed at visibility and transparency
By Frank T. Ardito, CPA Vice President & Director When you receive your audited financial statements for the year ended December 31, 2021, there will be a change to the auditor’s report. The American Institute of Certified Public Accountants (AICPA) Auditing...Does your nonprofit owe tax on its sponsorships and advertising income?
Your not-for-profit may prefer to avoid unrelated business income tax (UBIT). When it comes to sponsorships and advertising it’s important to understand what is and what isn’t taxable.