Nonprofit Insights

The Benefits of an Advisory Board

The Benefits of an Advisory Board

All nonprofit organizations have boards of directors, but many have advisory boards as well. Unlike boards of directors, advisory boards have no formal governance or fiduciary responsibilities, nor any decision-making authority. Their role is to provide guidance to...

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Yellow Book Includes New Guidelines for Independence

Yellow Book Includes New Guidelines for Independence

In July 2018, the U.S. Government Accounting Office (GAO) released an updated version of its Government Auditing Standards reference, also known as the Yellow Book. The revision contains stronger guidelines to ensure an appropriate level of independence and...

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Pay Attention to State Registration Requirements

Pay Attention to State Registration Requirements

Are you up to date on your state registration and reporting? It’s estimated that as many as 90% of nonprofit organizations failed to register to solicit funds in one or more states, even though they were required to do so by state law. The IRS and state governments...

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What’s on Your Mind? Nonprofit Outlook Survey Report

What’s on Your Mind? Nonprofit Outlook Survey Report

Nonprofit organizations are stressed. The Tax Cuts and Jobs Act has affected charitable giving, and nonprofit executives are seeking more innovative ways to attract talent and attention to their mission. To explore the current challenges and opportunities facing...

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