Nonprofit Resources
How Does Your IT/IS Garden Grow?
If you separate the IT and IS functions in your organization, you will begin to see how complementary these positions can be in supporting your technology environment in a secure and controlled manner.
Debt Measure for Churches: Debt per Average Adult Attendee
Whether or not you believe a church should go into debt, if your church has debt it is important to monitor debt ratios and measurements. Your lender will be monitoring them even if your church isn’t.
Nonprofit Issues Newsletter, October 2018
What to know about reporting contributions of nonfinancial assets, audit committee charters, first-time employee benefit plan audits, and much more.
Gifts-in-Kind: Reporting Contributions of Nonfinancial Assets
Since the standards for recognizing contributions at their fair value were issued in 1993, NFPs 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 NFPs should navigate with care.
First-Time Employee Benefit Plan Audits: What to Expect
Certain employee benefit plans with 100 or more eligible participants may be required to engage an independent auditor to audit the plan’s financial records. Although the audit process may seem daunting, it can go smoothly with a little bit of planning and organization. These tips will help you prepare.
5 Suggestions to Perfect Your Audit Committee Charter
These five suggestions should be considered for strengthening even a great audit committee charter.
IRS Clarifies Deductibility of Business Meals
October 4, 2018 - Since the passage of the Tax Cuts and Jobs Act, there have been a lot of questions about how reimbursement for meals should be treated. Now the IRS has issued guidance.
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.
IRS Clarifies Taxability of 2017 Moving Expenses
September 24, 2018 - The IRS has clarified that 2017 moving expenses paid or reimbursed in 2018 are not subject to federal income or employment taxes.
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.