Nonprofit Resources
How to Train Church Finance Department Workers
Everyone, from tax preparers and mechanics to doctors and surgeons, needs to receive ongoing and informed training to do their job well. This is also true of the individuals responsible for the financial matters in your church.
Calculating Whether Your Higher Education Institution Is an “ALE”
Applicable Large Employers (ALEs) have significant reporting requirements, including Form 1095-C. That means it is crucial for higher education institutions to document whether or not they have more than 50 full-time equivalent (FTE) employees for years beginning with 2014.
Internal Control Weaknesses: “I Know Someone Who…”
Many ministries have questions about internal controls and how to effectively address or prevent vulnerabilities. This article looks at some of the specific internal control weaknesses that can exist in a church and why they are a concern.
New IT Security Threat Targeting Finance Departments On the Rise
A hacked email account. A perpetrator posing as a senior leader and requesting a fraudulent funds transfer. This may sound like a movie plot, but it is a reality we see playing out more and more. Learn more about this type of IT security breach and four recommendations for preventing it.
Overview of the FASB Accounting Standards Update on Leases
What you need to know about the FASB Accounting Standards Update (ASU) on financial reporting for leasing transactions, plus action items for consideration.
Nonprofits Warned About Email Scam
According to published reports, a number of organizations have received emails from an individual in England who was unknown to the organizations and offered a donation of approximately $30,000. Learn how this scam works.
Public Confidence in Nonprofits Varies
Statistics to consider when you complete your next Form 990 or draft your next annual report, along with information on how CapinCrouse can help.
The IRS Takes These Board Financial Responsibilities Seriously – Do You?
If you serve on the board of an organization, you’ve probably heard the term “fiduciary responsibility” and know that it applies to your role as a board member. Yet you may not be aware of exactly what that involves for board members of not-for-profit organizations.
Common Church Finance Department Mistakes and How to Remedy Them
A look at some of the common mistakes made in church finance departments and how these mistakes can be remedied.
Foreign Operations Reporting
The IRS has an extensive reporting structure for foreign activities by U.S. individuals and corporations. Nonprofit corporations, religious workers, and churches are not exempt.