Category: Nonprofit

Businesses and nonprofit entities capitalize machines, furniture, buildings, and other property, plant and equipment (PPE) assets on their balance sheets. Here’s a refresher on some common questions about how to properly report these long-lived assets under U.S. Generally Accepted Accounting Principles (GAAP).

Even if your nonprofit isn’t required to have an external audit, there are many good reasons to obtain this added level of assurance.

The Coronavirus Aid, Relief, and Economic Security (CARES) Act includes several changes that encourage charitable giving during the coronavirus (COVID-19) crisis. This is welcome news for certain public charities, including churches, educational organizations, hospitals, medical research organizations and food banks. Here’s an overview of the tax rules for deducting charitable contributions — and how they’ve temporarily changed for 2020.

In Notice 2020-23 issued on April 9th, the IRS has extended more tax deadlines, including for nonprofit organizations.  This broad relief includes a variety of tax filings and payment obligations that are due between April 1, 2020 and July 15, 2020, and the relief is automatic, so taxpayers do not have to file extensions or submit other documentation to the IRS to obtain relief.

The CARES Act and the Families First Coronavirus Response Act provides significant benefits and protections for nonprofit organizations. This article offers an overview of the key aspects of each.


As a nonprofit organization, you might think the subject of “uncertain tax positions” (UTPs) doesn’t apply to you, but some of the basics of your operations, including your tax-exempt status, could create uncertain tax positions that trigger critical reporting obligations.

The government funding legislation signed into law on December 20, 2019, included the repeal of Internal Revenue Code Section 512(a)(7), commonly referred to as the “parking tax” provision.

Research suggests that the average planned gift in the United States falls between $35,000 and $70,000 — and the amount may increase with more Baby Boomers moving into retirement. Yet many nonprofits, especially small and medium-sized organizations, lack formal planned giving programs.


Financial transactions, including charitable donations, are increasingly being conducted online. For nonprofits without the appropriate IT infrastructure and security policies, this means greater cybercrime risk. This article discusses several hacking schemes and how nonprofits can protect against them, even with a limited budget.


We have a few updates for nonprofit organizations, including reports on study findings that suggest that transparency results in more contributions, and looks at a pilot program aimed at bringing donors and investors together to fund not-for-profits. Also covered are surprising study findings on board diversity among nonprofits and Facebook’s fundraising effectiveness.

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