Nonprofit Insights

Giving Outlook: How the New Tax Law Has Affected Nonprofits

Giving Outlook: How the New Tax Law Has Affected Nonprofits

Did the Tax Cuts and Jobs Act have a significant impact on charitable giving in the U.S.? When the new law was issued, there were dire predictions that it would affect nonprofits in an extremely negative way, especially smaller, community-based organizations. And in...

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Word to the Wise: Consider the Nature of a Transfer of Assets

Word to the Wise: Consider the Nature of a Transfer of Assets

In June 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-08 to provide guidance about accounting for nonprofit organizations’ grants and contracts. This new ASU clarifies when to account for a transfer of assets as an...

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COSO Provides Framework for Internal Controls

COSO Provides Framework for Internal Controls

In 1992, the Committee of Sponsoring Organizations of the Treadway Commission (COSO) developed a flexible framework for designing, implementing and evaluating internal controls. Internal controls help reduce fraud, improve accuracy and financial reporting and maintain...

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Is an Online Marketing Consultant in Your Future?

Is an Online Marketing Consultant in Your Future?

  Competition for resources, donors and volunteers is greater than ever. Social media and online marketing create excellent opportunities to connect, but they also create new forms of competition. Online, your organization is likely to be competing for clicks...

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