Articles

Retirement: Trends in Plans & Planning

Like their counterparts in the for-profit sector, employees of nonprofit organizations are concerned about their financial futures. A survey of nonprofit employees by Independent Sector and the TIAA-CREF Institute found that some 45% of employees were worried about their ability to plan for a financially secure retirement. Almost half had considered leaving the nonprofit sector […]

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The Highlights & Benefits of Form 990

Form 990, Return of Organization Exempt from Income Tax, is a public document. It was redesigned in 2008 to increase transparency, improve compliance, and promote good governance practices. The IRS requires organizations to make their three most recent annual returns (plus supporting documents) available for inspection so the public can see what organizations do and […]

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April 2015 Medicare and Ohio Medicaid Update

  MEDICARE Permanent “Doc Fix” Signed Into Law CMS Issues Proposed Rule for FY2016 Medicare SNF PPS Rates CMS Five Star Staffing Requirements PS&R (IACS) System Update OHIO MEDICAID Ohio Budget Update Reminder: Ohio Nursing Facility Medicaid Quality Incentive Survey due May 31, 2015 MEDICARE Permanent “Doc Fix”  Signed Into Law After years of political […]

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FASB Issues Updates

On April 7th, 2015 the FASB (Board) issued Accounting Standards Update (ASU) No. 2015-03, Interest: Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs. It was part of the accounting board initiative to simplify U.S. GAAP. So what will this new accounting update mean? It means that the costs for issuing debt […]

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Tips on how nonprofits can avoid a conflict of interest

Even the slightest implication of a conflict of interest can give a public charity a black eye and endanger its reputation. Some conflicts, however, may be unavoidable given the nature of the relationship between organizations and their officers, directors, and trustees. According to the IRS, “A conflict of interest occurs when an individual’s obligation to further […]

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