Today (04/22/15) FASB issued a proposed Accounting Standards Update intended to improve existing standards for financial statement presentation for Nonprofit Organizations. A summary of the changes is provided, as well as, the full proposed
Governance and Management
School has officially started across the country, and it looks like students won’t be the only ones who will be graded out of 100 points this year. Charity Navigator, a nonprofit organization that evaluates charities in the United States and compares them to charities with similar causes, recently changed their rating system from a 70-point scale to a 100-point scale.
The need for a nonprofit organization to change its name happens quite frequently. The reasons vary: mergers with other organizations, additions of or changes to major programs, to distinguish from prior affiliated organizations or groups, or to improve marketability and fundraising.
In a time when nonprofit organizations are facing higher demand for their services with fewer financial resources available to them, maintaining compliance with the ever-changing landscape of regulatory requirements is becoming increasingly difficult.
My son recently tried out for a traveling baseball team and after a week and a half of grueling tryouts he had to wait for their decision. With only a limited number of spots open for the upcoming season, […]
Delaware House Bill 187 – Charitable Solicitation Registration – What Your Charitable Organization Needs to Know Now!
To protect residents most states have laws requiring 501(c)(3) charitable organizations that solicit contributions from the public to register and file certain periodic reports.
Many larger nonprofit organizations or sponsoring organizations of affiliated entities provide health insurance to its employees or affiliated entity employees under self-insured health plans.
On a daily basis nonprofit organizations, along with those they serve, face critical issues, financially and nonfinancially; however, due to common misconceptions about lobbying and 501(c)(3) organizations, many organizations fail to voice their concerns to their local legislators.
Calvin Coolidge, the 30th President of the United States, once said, “The business of America is business.”
The Merriam Webster dictionary defines fraud as “intentional perversion of truth in order to induce another to part with something of value or to surrender a legal right.”