Nonprofit Resources
Impact of Wayfair Supreme Court Decision on Nonprofit Organizations
In June 2018, the U.S. Supreme Court held that states can require a retailer to collect and remit sales tax even if the retailer lacks an in-state physical presence. See what the implications may be for your organization.
Discrepancies Between ASU No. 2016-14 and Form 990
ASU No. 2016-14 contains changes to NFP financial reporting standards that generally do not correspond to the presentation in the current Form 990.
The Role of Your Church Board in Providing Financial Oversight
Many church boards have two main areas of focus: the faith-based aspect of governance and the business and stewardship aspect. It’s important for your church to balance the two, because a weakness in either can cause serious issues in overall governance.
Board Monitoring of Church Finances: What to Do — and When
Here is a summary of financial actions your church board finance or audit committee should complete during their meetings throughout the year.
Nonprofit Issues Newsletter, December 2018
How predictive analytics is transforming fundraising, valuing gifts-in-kind donations, guidance on new UBIT rules, and more.
IRS Issues Interim Guidance on “Parking Tax”
December 13, 2018 – The IRS and Treasury have released much-anticipated guidance on the “parking tax” under Internal Revenue Code (IRC) section 512(a)(7). As we suspected, paying a third party for employee parking and reimbursing employees for parking is taxable.
Qualified Charitable Distribution Trap for IRA Checkbook Holders
There's a potential pitfall for IRA owners whose account is with a custodian that provides the owner with a checkbook they can use to write checks on their IRA account. Here's what your organization should know about this issue.
Comparing Your Church’s Performance
Comparing your church’s financial results can help you spot issues as well as strengths and plan strategically. Here's how.
How Predictive Analytics Is Transforming NPO Fundraising
Perhaps the most important technological breakthrough for NPO fundraising in recent memory is predictive analytics. This technology is enabling NPOs to run more effective fundraising campaigns and quickly boost their fundraising results. Here's how your organization could benefit.
Challenges in Auditing GIK
Assessing an nonprofit’s policies and procedures related to valuing material gift-in-kind (GIK) transactions is an important part of an NFP audit. Because there is no single source of pricing that is appropriate for valuing GIK donations, it falls on the NFP to arrive at an appropriate estimate of fair value. Here are some key considerations.