In this issue, we explain the FASB financial reporting standards changes nonprofits need to be aware of, steps to strengthen your cybersecurity defenses, considerations for accepting gifts and setting executive compensation, and more.
Many nonprofit organizations are considering alternative revenue sources as a way to bring in extra funding. As with most initiatives, the key is to plan diligently.
Whether you are a new, long-time, or prospective senior management official (SMO), an employment contract is vital. Learn what an employment contact should include in this article from Gammon & Grange.
Finding great candidates for your nonprofit may seem like a daunting task, but the key is to plan your strategy before starting. These steps will help you create an effective recruiting process.
Do you need an enticement for attracting high-quality board members? As a recent Wall Street Journal article points out: “Executives are doing good for others — and good for their careers — by joining boards of nonprofit organizations.”
The “Johnson Amendment” is a 1954 law that restricts 501(c)(3) organizations — including colleges and churches — from directly or indirectly participating in political campaign activities.
Learn the top cybersecurity myths and how to overcome them, the elements of a well-drafted gift acceptance policy, best practices for successful nonprofit mergers, and more.
January 13, 2017 - Cyber attacks are a significant and growing risk and nonprofits, regardless of size, are not immune. Do you know what to do if your organization’s information systems or data are compromised?
The IRS recently clarified the rules for reporting gift cards given to employees on Form W-2. Check out this example and an explanation of the rules.
The Financial Accounting Standards Board (FASB) has announced the most significant update to not-for-profit financial reporting in 23 years. The changes are significant, and it’s important to begin planning now.
