By Laurie De Armond, CPA and Adam Cole, CPA The nonprofit industry is anything but static. Many outside factors impact their daily operations. Following is a list of what we see as the top 10 trends that are currently impacting nonprofit organizations. Protecting Nonprofit Nonpartisanship The current political environment has created a...
Nonprofits are increasing incentive pay opportunities to attract and retain senior management. This article discusses incentive pay in the nonprofit industry and how nonprofit organizations are leveraging the power of incentive pay to retain employees. To view this article, click HERE to access the original content. ...
Nonprofit organizations struggle to develop a strategy that is mission-oriented rather than profit-oriented. This article discusses three critical questions nonprofits need to answer when developing a nonprofit strategy. To view this article, click HERE to access the original content. ...
Nonprofits must aim to diversify their boards in order to have a better understanding of the communities they serve and effectively make decisions. This article discusses ways nonprofits can think outside of the box in order to diversify their boards. To view this article,...
Nonprofits empower communities by solving social challenges. This article discusses how nonprofits can facilitate economic growth by creating new job opportunities. To view this article, click HERE to access the original content. ...
By Susan Friend, CPA The Governmental Accounting Standards Board (GASB) Statement No. 89 (Statement), Accounting for Interest Cost Incurred before the End of a Construction Period, which is effective for reporting periods beginning after Dec. 15, 2019, brings a welcome relief to state and local governments by eliminating complex capitalized...
By Norma Sharara, JD and Joan Vines, CPA On Dec. 31, 2018, the IRS released Notice 2019-09 (the Notice), providing interim guidance regarding Section 4960 of the Internal Revenue Code (the Code) that was enacted on Dec. 22, 2017, by the Tax Cuts and Jobs Act (the Act). The...
Nonprofits usually accept any donations given to them, but when do nonprofit leaders know where to draw the line? This article discusses what nonprofit organizations should consider before accepting donations. To view this article, click HERE to access the original content. ...
By Marc Berger, CPA, JD, LLM The bill known as the Tax Cuts and Jobs Act, enacted in December 2017, added new Section 512(a)(7) to the Internal Revenue Code (IRC). This new section requires tax-exempt organizations to increase their unrelated business taxable income (UBTI) by the amount paid or incurred...
By Jake Cook, CPA The 2018 Internal Revenue Service draft Form 990-T and Instructions were released in October 2018. Due to the tax reform provisions in the Tax Cuts and Jobs Act of 2017, the form and instructions include several necessary revisions. The significant modifications include: Calculation of UBTI (unrelated...
