Nonprofit Resources
The Importance of Accurate Net Asset Classification in Church Accounting
April 24, 2025 - Is your church classifying net assets correctly? By taking the right steps, your church can ensure that funds are used appropriately and gain vital insight to help you make informed financial decisions.
Analyzing Key Financial Indicators: Cash Flow Ratios
April 24, 2025 - Applying effective cash flow ratios can provide vital insight into your church’s financial condition and trends. Learn about the different ratios, how to analyze them, and recommended benchmarks.
Treasury Narrows Beneficial Ownership Reporting Requirement to Foreign Entities
April 10, 2025 - While nonprofit entities have always been exempt from reporting information about their beneficial owners to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), a new interim final rule has narrowed the requirement to apply only to foreign entities, and not to U.S. companies or U.S. individuals.
SECURE 2.0 Act Alert: Potential Employee Eligibility Issue for 403(b) Plans
March 26, 2025 - Nonprofit organizations should be aware of a SECURE 2.0 Act provision that could impact certain 403(b) plans, especially those that exclude employees working less than 20 hours a week (1,000 hours annually). Learn about the issue and recommended action items.
Nonprofit Issues Newsletter, February 2025
February 26, 2025 - Learn about the Uniform Guidance revisions and how they may affect your organization, answers to common questions about managing employee time, what to consider before accepting a real estate contribution, and more.
What Federal Award Recipients Must Do to Implement the 2024 Uniform Guidance Revisions
February 25, 2025 - If your organization receives federal awards, it’s important to understand the 2024 Uniform Guidance revisions and how the effective dates apply to you. To help, this article provides a summary of the changes along with a look at several example awards, the effective dates for these awards, and whether they fall under the 2024 revised Uniform Guidance or the historical Uniform Guidance.
Should Your Church Consider an Internal Audit?
February 24, 2025 - There are several reasons why a church may perform an internal audit. Learn who and what a church internal audit should involve, when to perform one, and how to report the results.
What to Consider Before Accepting a Real Estate Contribution
February 20, 2025 - A gift of real estate can be very generous. If your nonprofit is offered a real estate contribution, you might be tempted to jump at the opportunity. But it's crucial to carefully consider these gifts to avoid any unpleasant surprises and negative consequences.
Frequently Asked Questions About Managing Employee Time
January 31, 2025 - While the rules around managing employee time can be nuanced, labor laws must be closely followed to ensure your organization is in compliance and employees are appropriately protected. Here are answers to common questions about managing employee time.
Nonprofit Issues Newsletter, December 2024
December 16, 2024 - Key considerations and best practices around determining worker classifications, reporting internal audit results to an institution’s board, implementing the new cryptocurrency accounting standards, and more.