Voluntary Health and Welfare Organizations – What are They and Why is Their Distinction Important?
There are more than 25 types of tax-exempt organizations classified under 501(c) of the Internal Revenue Code.
Community Service
Noncash Contributions Aren’t Always So Kind to Nonprofits
Charities and nonprofits love to receive donations, but many face challenges when they get noncash contributions, or “gifts in kind.”
The Delaware Alliance for Nonprofit Advancement (DANA) 2015 Annual Conference
The Delaware Alliance for Nonprofit Advancement (DANA) 2015 Annual Conference was held on June 15th at the Chase Center on the Riverfront in Wilmington, Delaware.
The Benefits of Giving Back
I recently read an article published by the National Federation of Independent Business entitled 6 Ways Small Businesses Can Give Back to Their Community.
Are your self-mailers compliant with the USPS changes?
Beginning January 5, 2013, changes to self-mailer postal regulations officially take effect.
Don’t Strike Out on Fraud Prevention
Posted by Christina K. Bell With the start of baseball season, many American hometowns take great pride in their local youth sport teams. Unfortunately, some local leagues trade in town pride for town headlines. Last month, news broke that a softball program volunteer had stolen approximately $13,000 from the program causing them to charter with another program. The Association of … Continued
Know the Right Way to Report Donations of Services
Posted by Jonathan D. Moll, CPA Donations of services can be useful to your organization during tough economic times. But should you record them in your financial statements? And, if so, what amounts should you assign? FASB Accounting Standards Codification (ASC) 958, Not-for-Profit Entities, specifies when a nonprofit should recognize the fair value of services in its financial statements. There are two … Continued
Minister Housing Allowance Allowed…Or Is It?
Posted by Christina K. Bell This past Sunday while reading my church bulletin, I was intrigued by an article that discussed how a Wisconsin-based Freedom from Religion Foundation had filed a suit to challenge the constitutionality of a tax deduction that clergy are allowed to claim on their housing expenses. The deduction, or housing allowance amount, may be excludable from … Continued
The Gift of Receiving
Posted By Christina K. Bell I can’t believe as I write this there are only six more days to Christmas. With three children 10 and under it is a statistic that I was well reminded of this morning as my son gobbled down the piece of advent candy he had forgotten to eat the night before. While this time of year … Continued
The Personal Rewards of Volunteering
Posted By Christina K. Bell When I began working with nonprofit organizations on an ongoing basis several years ago I never could have imagined the impact these organizations would have on my life. When I saw firsthand the outpouring need for the services nonprofits offer and how exceptionally well these services are performed, very often on limited means, I couldn’t … Continued