Nonprofit
Internal Controls in a Remote Workplace Environment
In an effort to #flattenthecurve of the coronavirus pandemic, many workplaces are going 100% remote. Every business should ensure that…
Starting a Private Foundation
Private foundations are independent legal entities that are typically funded by individuals, groups, or businesses. A person might want to…
Is This Your Situation: Managing Restricted Funds for a Nonprofit Organization?
At a glance Main takeaway: Nonprofits often receive substantial donations with specific requirements on how the donor would like their…
Accepting Cryptocurrency Donations for Not-for-Profits
At a glance Main takeaway: Accepting cryptocurrency may appeal to your donor base, introduce new funding streams and lead to…
Did You Know that Your Nonprofit Organization is Exempt from Paying Property Taxes?
At a glance Main takeaway: Did you know that nonprofit organizations, by law, can also be exempt from paying property…
Virginia Amends Residency Definition for Estates and Trusts
On February 15, Virginia amended its estate/trust residency statute by removing one of the definitions used to determine whether an…
Best Practices for Managing Grant Requirements
At a glance Main takeaway: Requests for transparency and accountability continue to grow with increased donor demands around the use…
Revenue Recognition Under ASC 606 for Nonprofits
The new revenue recognition standard, ASC 606, will greatly affect how nonprofit organizations recognize and classify revenue from grants, contracts,…
The 12 Areas of Federal Grant Compliance
When designing or improving your organization’s internal controls over federal grant compliance, it’s helpful to always have an auditor’s perspective….
Five Measurements of Nonprofit Success: KPIs that Count
At a glance Main takeaway: When it comes to tracking KPIs, nonprofits are not exempt. In fact, for a nonprofit…