Nonprofit Accounting Basics

Recent Articles

The Tax Consequences of Fee-for-Service (Part 1 of 2): The Exempt Purpose Test

The past decade has been marked by the increasing commercialization of the non-profit sector.

The Tax Consequences of Fee-for-Service (Part 2 of 2): The Unrelated Business Income Tax

In the first part of this two-part series, we discussed the growing commercialization of the non-profit sector, and examined how and when heavy reliance on “fee-for-service” revenue may be inconsis

Form 990 Preparation Tips

As anyone who has had to compile information for the Form 990 knows, what the IRS is requesting is exceptionally time consuming to put together.   If your organization is subject to an au

Whose Money is it? Recording Contributions Held for Others

Winter is here, and many organizations are preparing for the rush of year-end grants and contributions.

Disclosure Framework – Changes to the Disclosure Requirements for Fair Value Measurement

As part of FASB’s ongoing initiative to improve the effectiveness of the notes to the financial statements, modifications were made to the fair value measurement disclosures.  On August 28, 20

Cybercriminals Exploit COVID-19 – Don’t Become A Victim

In response to COVID-19, many organizations are using a Virtual Private Network (VPN) and the related IT infrastructure to shift their workforce to teleworking.

Elements of Successful Nonprofit Cybersecurity

Nonprofits are more reliant on technology than ever before to deliver on their mission.

Accounting 101

Financial accounting is the act of tracking transactions with the goal of providing accurate and timely information about an organization’s financial position and performance.  Without account

Nonprofit Operating Reserves Initiative Website

Beginning November 1, 2017 the NonprofitAccountingBasics.org website added an important new resource it its “Fundamentals” section.

Operating Reserves: The Key to Building Financial Flexibility

The Nonprofit Operating Reserves Initiative Workgroup (NORI) first began meeting in 2007 to address the alarming