Simplifying Debt-Issuance Costs

In April 2015, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2015-03, Interest: Imputation of Interest (Subtopic 835-30): Simplifying the Presentation of Debt Issuance Costs as part of their initiative to reduce complexity in the accounting standards.

The Risk of Not Honoring Donor Restrictions

Posted by Jonathan D. Moll, CPA If you’re a nonprofit organization that receives donor-restricted contributions, you might want to think twice about spending those restricted funds for purposes other than what the donor stipulated. An Oklahoma hospital that failed to build a women’s health center in honor of country singer Garth Brooks’ late mother must pay the country singer $1 … Continued

The Value of Nonprofit Associations

Posted by Christina K. Bell I recently attended the Delaware Association of Nonprofit Agencies (DANA) annual membership meeting. During opening remarks a quickly stated fact caught my attention. DANA’s current membership only represents one-third of the state’s domestic nonprofits, even after membership grew 71% over the past year. I tried to think of why 2 out of 3 nonprofits would choose … Continued