Beyond the Balance Sheet: The Real Value of a Nonprofit Audit
We get it — “audit” doesn’t exactly spark joy. But for nonprofits, an audit can be a powerful tool for building trust, securing funding, and preparing for the future.
Avoiding Audit Pains: The Best Cures for Nonprofits
For nonprofits with a June 30 fiscal year-end, the spring season presents a golden opportunity—not just for fundraising galas and grant writing—but for laying the groundwork for a smooth and stress-free financial statement audit.
Enhancing Nonprofit Financial Management & Strategic KPIs
With the current uncertainty surrounding both governmental and individual grants, nonprofit organizations are facing increasing pressure to do more with less.
Federal Award Compliance Best Practices
Navigating federal awards and ensuring compliance can be a complex task for nonprofits. To streamline this process and maintain robust compliance, it's essential to implement effective contract and compliance controls.
Nonprofit GAAP: Gifts-in-Kind & Donated Services
In nonprofit accounting, accurately recording contributions is vital not only for financial transparency but also for compliance with U.S. Generally Accepted Accounting Principles (U.S. GAAP). Two common forms of contributions that often present technical accounting challenges are gifts in kind and donated services.
Navigating IRS Form 990: Best Practices and Risk Mitigation
Filing the IRS Form 990 is a crucial responsibility for nonprofit organizations, as it provides transparency and accountability to donors, stakeholders and the public.