Nonprofit Resources
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.
The Importance of Cybersecurity Training
While your organization needs to have filters, processes, and controls in place, it’s important to not overlook the “doors” that can be left unlocked by employees and other network users.
Reconciling Liquidity to Net Assets without Donor Restrictions, an Addendum
Further insight on ASU 2016-14 for churches, with a focus on reconciling liquidity to net assets without donor restrictions.
Are Voluntary Donations to Ministers Gifts or Taxable Income?
Churches should be aware of a recent Tax Court ruling on voluntary donations to ministers.
Qualitative Liquidity & Availability Disclosure Considerations for Churches in ASU 2016-14
Even churches that don’t issue external financial statements should have a written cash management policy that could have content and attributes similar to these new qualitative disclosure requirements.
Liquidity & Availability Disclosure Considerations for Churches in ASU 2016-14
We’ve received a number of questions from church clients about the additional disclosures related to liquidity and availability. Here a look at the requirements and what your church should consider as you plan for this significant implementation.
4 Steps to a Solid User Administration Process
Although it may seem like a small detail in the grand scheme of cybersecurity, a good user administration process plays an important role. Taking some basic steps will help your organization create a solid process and reduce your organization’s risk of a breach.