In recent years, nonprofits have been the target of increased scrutiny over governance, accountability and compliance. Despite this, many organizations dismiss the importance of their internal audit function.
The Office of Management and Budget’s (OMB’s) so-called Omni Circular supersedes and streamlines requirements from eight existing circulars that apply to federal awards. Although the new audit threshold has received much of the attention, nonprofits that receive federal awards should be aware of other significant changes that take effect for new contracts starting after December 26, 2014.
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Topics: Nonprofit, Uncategorized
Whether you are clergy member or are responsible for payroll for clergy, the following information will be of particular interest. A complete understanding of these tax rules may keep you in compliance.
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Topics: clergy, Nonprofit, Tax, Uncategorized
In a recent speech hosted by the Georgia Center for Nonprofits at the Fox Theatre in Atlanta, Tim Halloran, author of Romancing the Brand talked to attendees about the importance of their nonprofits’ brands. Following is a summary of the key points Halloran made to his audience, written by Stephanie Vaughn, a member of our Accounting, Advisory and Assurance Services and Nonprofit groups. Readers will find an opportunity to win a free copy of Romancing the Brand at the end of the article.
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Topics: Donors, Nonprofit, Romancing the Brand, Stephanie Vaughn, Tim Halloran, Uncategorized
Timely tidbits of information regarding nonprofits, including online giving, "Pay for Performance" contracts, a new nonprofit model and the difficulties attached to government funding.
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Topics: Pay for Performance, Contribution, Government Funding, Nonprofit, Nonprofit Model, Tax, Uncategorized
In order to attract or retain the most competent and proficient person as an executive director, a nonprofit’s board of directors should consider level of compensation. How much is too much? What parameters classify reasonable compensation? Thankfully the IRS has put in place regulations to answer these very questions.
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Topics: Compensation, IRS Regulation, Nonprofit, Salary, Tax, Uncategorized
Special events can be exciting and are a great way to gain community involvement. With that being said, special events are very stressful to plan. On top of planning – how do you classify your associated revenues and costs? There may be more your nonprofit must do than to simply lump everything together as “fundraising.”
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Topics: Special Events, Contribution, Donors, Financial Reporting, Fundraising, Nonprofit, Statement of Activities, Tax, Transactions, Uncategorized
Building a Foundation for Effective Endowment Management
Posted by celliott on Aug 11, 2014 2:41:20 PM
This article was contributed by Mike DeWitt, nonprofit leader of Smith & Howard Wealth Management.
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Topics: Performance Monitoring, Asset Allocation, Endowment Management, Investment Policy, Nonprofit, Spending Policy, Uncategorized, UPMIFA
Data Analysts for Social Good is excited to present its next Master Class. These one day intensives are designed to go deep into a single topic area with experts from the field in an intimate classroom setting.
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Topics: not-for-profit, charity navigator, impact measurement, ken berger, Nonprofit, Uncategorized
It’s hard to believe we are beginning our fourth year dealing with the Healthcare Reform Law. With a countless number of changes and delays, many are asking what is next and what do I need to do. Nonprofits are not exempt from complying with the new legislation, and many board members and executive directors are looking for guidance.
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Topics: SHOP, ACA, Affordable Care Act, Healthcare, Nonprofit, Tax, Uncategorized