Financial Management

Image of financial reports, a laptop computer, and a magnifying glass+

It is no secret that nonprofit organizations have historically struggled to recruit and retain quality accountants, controllers, and CFOs. That struggle is about to get worse. 

Categories: Financial Management
Tags:
image of a young girl holding a piggy bank and looking enthusiastic+

The $1.7 trillion omnibus budget law (the Consolidated Appropriations Act) passed at the end of 2022 includes provisions from the so-called “SECURE Act 2.0,” which are intended to enhance retirement benefits.

Categories: Financial Management
Tags: Fundraising, Planned Giving
image of two buckets filled with coins, with coins spilling out and a ledger +

Nonprofits operate under accounting standards governed by the Financial Accounting Standards Board (FASB), which sets and adjusts the standards for financial reporting – also known as the Generally Accepted Accounting Principles (GAAP) – so there...

Categories: Financial Management
Tags: FASB, Accounting
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As COVID-19 thankfully appears to be receding, one significant byproduct of the pandemic for some employers still remains: the large increase in the number of employees who have been telecommuting, often for significant lengths of time and in a...

Categories: Financial Management
Tags: Employees, Employment, Remote Work, Remote Workforce, State and Local Taxes
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Something of concern is happening in the nonprofit community that merits our collective attention. Multiple sources signal that an increasing number of charitable nonprofits, especially smaller ones, are looking to close their operations.

Categories: Financial Management
Tags: Mergers, Dissolution, Collaboration
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Contributions of nonfinancial assets or so-called “gifts-in-kind" (“GIK”) can be an important source of financial support for nonprofits.

Categories: Financial Management
Tags: Accounting, In-Kind
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Nonprofits often receive payments from businesses and others in connection with a meeting, publication, or event.

Categories: Financial Management
Tags: Unrelated Business Income, Sponsorship
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The pandemic has forced us to examine our work-life balance as work has crept into our homes and made the separation more difficult than ever to maintain.

Categories: Financial Management
Tags: Finance, Credit
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With so many ways for nonprofits to accept cryptocurrency donations, you don’t need to turn away donors who wish to donate their Bitcoin, Ethereum, or other coins.

Categories: Financial Management
Tags: Cryptocurrency, Fundraising, Resource Development
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Over the past week, the United States has seen an enormous spike in unemployment due to layoffs in the business and nonprofit sectors stemming from the economic ramifications of the COVID-19 crisis.

Categories: Financial Management
Tags: Unemployment Insurance, COVID-19

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