Nonprofit Accounting Basics

Recent Articles

Designing a Four Star Dashboard

Originally Posted: September 30, 2021

In a previous article, we described the importance of including multiple internal stakeholders when selecting and implementing an Association Management System (AMS).

The Basics of Nonprofit Dissolution

Originally Posted: September 29, 2021

Weathering the storm of major disruptions financial disruptions is a challenge for all organizations.

Lobbying Requirements Comparison Chart

Originally Posted: September 29, 2021

Common UBIT Myth Related to Nonprofit Revenue and Tax Impact

Originally Posted: September 8, 2021

Myth: “It doesn’t matter how I get the money in the door as long as I spend it on charitable activities.”

Definition of Key Employee

Originally Posted: August 30, 2021

The definition of a key employee includes a three part test. To be a current key employee all three tests must be met:

The $150,000 Test

Who is Reviewing Your Key Contracts?

Originally Posted: August 27, 2021

Ensuring that the appropriate individuals are reviewing key contracts is essential to identifying, quantifying, and, if necessary, reporting financial liabilities in a timely manner.

Don’t Fall for a Social Engineering Scam

Originally Posted: August 27, 2021

Even the most sophisticated organization can be the target of an online attack scheme known as spear phishing.

When Does Your Activity Become Lobbying?

Originally Posted: August 24, 2021

What Your Nonprofit Needs to Know

Form 990 N e-postcard Must Use New IRS.gov Portal

Originally Posted: August 23, 2021

Form 990-N, Electronic Notice (e-Postcard) for Tax-Exempt Organizations Not Required to File Form 990 or Form 990EZ, is used by smaller, tax-exempt organizations for annual reporting and c

Disqualified Persons and the Intermediate Sanctions Excise Tax Regime

Originally Posted: August 11, 2021

Disqualified Persons and the Intermediate Sanctions Excise Tax Regime[1]

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