Nonprofit Resources
Gifts-in-Kind: Reporting Contributions of Nonfinancial Assets
Since the standards for recognizing contributions at their fair value were issued in 1993, nonprofit organizations have been challenged to measure the value of the myriad contributions they receive. This controversial area is once again being addressed by watchdog agencies and state attorneys general and, thus, is one that nonprofits should navigate with care.
A Key Cash Flow and Reserves Ratio for Churches
This important ratio shows the days of operating cash and investments your church has on hand to fund annual cash expenditures, specifically related to very liquid assets.
Business Continuity and Disaster Recovery Planning
The business continuity and disaster recovery environment is changing every day. It is critical for nonprofits to establish baseline plans, back-up configurations, and training and testing processes to ensure ongoing operations.
Income Ratio for Churches: Annual Contributions per Average Adult Attendee
This key income ratio can be compared from year to year, allowing you to see giving trends and determine the impact on your church and its budget.
Church Musicians: Employees or Independent Contractors?
Are the musicians your church pays to perform for worship services and other church events employees, or independent contractors? An incorrect classification can result in significant negative financial consequences for both the church and the musician.
Dual-Use Facilities – Methodologies for Allocations of Expenses
Allocating expenses for dual-use facilities is complicated. Here's an in-depth look at the various methodologies and considerations.
Cybersecurity Training: Who, What, When, Where, and Why
There are many controls and safeguards organizations can — and should — put in place to reduce their risk of a cyber attack. One very vital tool in mitigating that risk is ongoing cybersecurity training. Use these tips and best practices to help your organization implement an effective training program.
IRS Launches New Online Tool with Enhanced Data on Exempt Organizations
The new Tax Exempt Organization Search (TEOS) is designed to provide users with faster, easier access to more types of information.
How the New GDPR Data Privacy Standards May Affect Your Nonprofit
The European Union’s comprehensive new regulation governing privacy practices goes into effect on May 25, 2018. U.S.-based nonprofit organizations shouldn’t assume they are exempt, even if they do not operate in the EU. Here's why.
Is it a Merger or an Acquisition?
While the terms “merger” and “acquisition” are often used interchangeably, they are quite different from an accounting standpoint.