Nonprofit Issues Newsletter, October 2019
What to know about outcome metrics, background checks for board members, and more.
5 Key Nonprofit Outcome Metrics and How to Use Them
Many nonprofits struggle with knowing what data is significant. If your nonprofit is wondering how to best analyze outcomes and results, consider starting with these five outcome metrics.
FASB Votes to Delay Effective Dates of Certain Standards
On October 16, 2019, the Financial Accounting Standards Board (FASB) voted to grant private companies and nonprofit organizations additional time to implement FASB standards on accounting for leases, credit losses, and hedging.
Learn more in this Journal of Accountancy article.
Vet or Forget – The Case for Background Checks for Nonprofit Board Members
Should your nonprofit conduct background checks on board members?
Many nonprofit board members are established members of their communities with a professional history. However, it can be dangerous from a financial and reputational standpoint to make assumptions about anyone’s history.
Here’s what your organization should consider.
One Year After Wayfair – What Nonprofits Need to Know
The Supreme Court’s landmark decision in South Dakota v Wayfair opened the door for states to require organizations to collect and remit sales tax even if the organization has no in-state physical presence.
As we mark the one-year anniversary of Wayfair, it’s important to take a look at what’s changed, and what challenges may still be on the horizon for nonprofits. Read more >
Maximizing Good: 3 Steps to Meeting Your Nonprofit’s Potential
How can nonprofits successfully maximize good?
It begins with learning how to balance external and internal needs. Take these three steps to help your nonprofit maximize its impact.
Receive a Discount on the AICPA Not-for-Profit Certificate Programs
The AICPA Not-for-Profit Certificate programs are designed to enhance your understanding of the complex not-for-profit financial environment. See why we recommend them — and how you can take advantage of a special CapinCrouse client discount. Learn more >
National Cybersecurity Awareness Month
October is National Cybersecurity Awareness Month — a good time to focus on understanding your organization’s cybersecurity risk and how to reduce it. Check out the cybersecurity resources on our website and watch your inbox for helpful tips all month.