Nonprofit Accounting Basics

Recent Articles

Special Events—Tax Considerations and Reporting

Special events, in this context, are synonymous with fundraising events such as galas (most typical), luncheons, golf tournaments, shows and auctions.  They are unrelated to the exempt purpose

But We’re a Non-profit! We Don’t Pay Income Taxes!

Really? Your organization might not be paying income taxes, but should it be?

Incorporation

Incorporating your nonprofit organization establishes it as a legal entity designed primarily to provide limited personal liability protection for those overseeing the organization.

Cybersecurity Tech Tips for NFPs

MFA Everything

Board Composition, Independence, and Officers

Board Composition

A nonprofit board should be comprised of individuals who have the necessary skills, expertise, and diversity to effectively oversee the organization’s ope

Accounting for Special Events

Summer is over and event season is upon us.

Protecting Your Organization and Federal Funds: The Role of Procurement Policies in Risk Management

Implementing spending requirements protects against the improper use of funds.

2023 Nonprofit Symposium Features Virtual and In Person Opportunities

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How to Become a Tax-Exempt Organization

The terms “nonprofit” and “tax-exempt organization” are often used interchangeably.

Term Limits

The purpose of term limits is to provide rejuvenation to the board, eliminate stagnation, and allow the board to evolve as organizational needs evolve.