Articles

Tax Issues for Tax

Being tax exempt doesn’t mean your organization is exempt from all tax-related issues. There are several reasons your organization may be in the IRS’s crosshairs. The first and most obvious is that the IRS requires exempt organizations (with some exceptions) to file an annual information return: Form 990, Form 990-EZ, or Form 990-N (the e-Postcard), […]

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Nonprofits Tips for Telling Your Story

Nonprofits have great stories to tell. If you’re not using your organization’s stories to garner media attention and promote your mission, it’s time to consider doing so. Keep in mind that you’ll be going head to head with “hard news,” other stories, and lifestyle pieces, so it will generally take more than a great story […]

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Consolidated Accounting Alternative for Private Companies

On March 20, 2014, the FASB issued Accounting Standards Update (“ASU”) No. 2014-07, Consolidation (Topic 810): Applying Variable Interest Entities Guidance to Common Control Leasing Arrangements. Below is a summary of this update. Why is the FASB issuing this update? Private company stakeholders (“PCS”) have indicated that the benefits of applying variable interest entities (“VIE”) […]

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Nonprofit Governance: A Checklist

Nonprofit organizations are expected to show they are worthy of the public’s trust. It’s up to an organization’s board to maintain the highest standards of accountability, transparency, and good governance. Volumes have been written about best practices for nonprofit governance. The following is a list of key policies, procedures, and guidelines in four broad areas […]

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