by Dick Larkin, CPA, MBA This article is aimed at helping nonprofit organizations plan to cope with the new challenges imposed by the coronavirus pandemic. The first part of the article focuses on matters external to the organization, while the second part focuses on internal matters....
By Barbara Finke, CPA Most organizations have an established budgeting process. Whether the entity uses a robust performance management tool or a spreadsheet, there is likely a thoughtful process to predict the next year’s revenues and expenses. The budget is usually approved by the board of...
Completion of the Data Collection Form on the Federal Audit Clearinghouse (FAC) Internet Data Entry System (IDES) System The FAC has noted that when auditees are preparing their data collection form submissions on the FAC IDES, they should not utilize Google Chrome. The FAC has noted...
As the coronavirus pandemic swept across the United States, leaders at all levels found themselves faced with the sudden need to make key decisions. Some did so successfully, others did not. According to a recent article from BDO USA, one of the main distinguishers of...
As COVID-19 continues to disrupt all facets of everyday life and the economy, leaders across industries are trying to simultaneously understand the full scope of the impact to their organization and devise a plan to move forward in a rapidly changing environment. In the nonprofit and...
Nonprofit organizations and higher education institutions have been hard at work trying to help the world navigate the novel coronavirus (COVID-19) pandemic. While trying to maintain focus on their missions, these organizations and institutions face massive uncertainty in the face of COVID-19, including financial turmoil,...
Now present on every continent except Antarctica, COVID-19 has infected more than 125,000 people, and is responsible for more than 4,600 deaths. With the number of cases in the U.S. continuing to climb, individuals and companies alike are taking steps to prepare for a pandemic. From a...
This article acknowledges how difficult it can be to run and operate a nonprofit organization. However, with the help of these technology trans, that workload can be simplified or even automated. For example, these trends include the use of artificial intelligence, machine learning, and donor...
This article discusses how running and operating a nonprofit business can be challenging in of itself, but with best practices put in place, can also be rewarding and insightful. Maintaining volunteers is essential to any nonprofit, and these six tips can go a long way...
This article discusses the latest trends in the nonprofit industry as well as the unknown characteristics that it possesses. From finding a different/more direct way of asking for a donation to the concept of monthly giving, these are trends that your nonprofit can take advantage...
