Not-for-Profit

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How to Preserve Fraud Evidence

August 29, 2017

Your first action when you uncover fraudulent activity should be to take proactive steps to preserve evidence. Otherwise, you might inadvertently destroy or discard critical data. And without evidence, fraud can’t be fully traced and perpetrators can’t be prosecuted and punished.

Flipping the Switch with an Employee Survey

August 29, 2017

Many employers labor along with little to no idea what their employees are really thinking or feeling about a variety of critical employment issues.

Create a Nonprofit Executive Search Plan – Before it Becomes Necessary

August 21, 2017

Selecting a new chief executive or other senior staffer is one of the most important decisions your not-for-profit board is likely to face. Even if there’s no immediate hiring need, it’s smart to prepare for the process. That way, you’ll be ready to execute an efficient executive search when the

Is One of Your Nonprofit’s Board Members Behaving Badly?

August 14, 2017

Your not-for-profit has probably spent a lot of time and effort attracting board members who have the knowledge, enthusiasm and commitment to make a difference to your organization. Unfortunately, what begins as a good relationship can sour over time, and you may find yourself in the tough position of having

Reporting Collaborative Activities: A Complex Issue for Nonprofits

August 7, 2017

For accounting purposes, the simplest relationship between nonprofits may be a collaborative arrangement. These are typically contractual agreements in which two or more organizations are active participants in a joint operating activity — for example, a hospital that’s jointly operated by two nonprofit health care organizations.

Financial Statement Service Levels

July 25, 2017

Did you know that auditors don’t just audit financial statements? In fact, there are a variety of levels of financial statement services provided, including compilations, reviews, and of course, audits.

Keeping Your Organization’s Investment Policy Up-to-Date

July 25, 2017

Any Organization that invests assets should have a well-written investment policy statement (IPS). An IPS is a document that outlines overall strategy for investing, your short and long-term goals, and the process by which investment decisions are made.

Nonprofits: Harness the Power of Personal Appeal

July 24, 2017

You’ve probably heard it before: People don’t give to causes — they give to those asking on behalf of a cause. That’s why a personal appeal continues to be such a powerful not-for-profit fundraising tool. In fact, requests from friends or family members typically drive most charitable donations. By appealing

Does Your Nonprofit’s Board Understand its Fiduciary Duties?

July 20, 2017

Interest in not-for-profits’ governance practices from lawmakers, watchdog groups and the general public has been growing in recent years. If your board hasn’t reviewed its roles and responsibilities recently, now is a good time.

All Fringe Benefits Aren’t Equal for Tax Purposes

July 19, 2017

A fringe benefit is “a form of pay (including property, services, cash or cash equivalent), in addition to stated pay, for the performance of services. But the tax treatment of a fringe benefit can vary dramatically based on the type of benefit.

Not-for-Profits Must Avoid Excess Benefit Transactions

July 18, 2017

Not-for-profits that ignore the IRS’s private benefit and private inurement provisions do so at their own peril. These rules prohibit an individual inside or outside a nonprofit from reaping an excess benefit from the organization’s transactions. Violation of such rules can have devastating consequences.

Three Types of Information Your Nonprofit’s Board Needs

June 26, 2017

Information is power. And regularly supplying information to your not-for-profit’s board of directors is the key to the board properly fulfilling its duties. This doesn’t mean you have to share every internal email or phone message. Board members should, however, receive and understand information that will help them work together

Should Your Not-for-Profit Take Out a Loan?

June 8, 2017

Debt is an integral part of many for-profit companies’ strategic plans, yet it has traditionally carried a stigma in the not-for-profit world. That view is changing, as more organizations borrow money for major capital purchases, new program funding and other reasons. But before your nonprofit borrows, it’s important to understand

5 Tips for Successful Not-for-Profit Succession

June 7, 2017

Every not-for-profit organization needs a comprehensive succession plan to ensure smooth leadership transitions. When a nonprofit organization loses its executive director or other leaders, it risks declining contributions, lowered employee morale and program disruption.

Choosing Best Way to Reimburse Employee Travel Expenses

June 6, 2017

If your employees incur work-related travel expenses, it is critical that you comply with IRS rules to secure tax-advantaged treatment for your business and your employees.