Nonprofit Blog Topics

Nonprofits gain insights into organizations’ needs from Statement of Functional Expenses

Jul 13, 2023

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

Mar 29, 2023

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...

SECURE 2.0 Impact on Nonprofits

Feb 13, 2023

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

May 20, 2022

Board designation may help your nonprofit steward excess liquidity.

Employees of local companies may be a ready volunteer force

Apr 18, 2022

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

Oct 25, 2021

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...