IDENTIFYING & OVERCOMING COMMON NONPROFIT CHALLENGES

By Laurie De Armond, CPA, and Adam Cole, CPA

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HOW PREDICTIVE ANALYTICS IS TRANSFORMING NPO FUNDRAISING

By Joe Sremack, CFE, and Gurjeet Singh, MCP

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Are grants subject to revenue recognition?

By Lee Klumpp, CPA, CGMA

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Tax tips you should know if you have charity-related travel expenses

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Starting a 501(c)(3) Just Became Easier

On July 1st, the IRS released an abridged form to obtain tax exempt under Section 501(c) (3) of the Internal Revenue Code. If an organization has less than $50,000 in gross receipts and less than $250,000 in assets, these organizations may be eligible to file Form 1023-EZ when applying for tax exempt status.  The Form 1023-EZ form takes the...

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Missing Participants? Understanding Your Fiduciary Responsibility to Locate Unresponsive Plan Participants

Written By: Megan Senkowski, CPA

A common issue facing plan administrators of defined contribution plans relates to asset balances in their plans of terminated employees. Often times, these balances can sit there for years, generating interest/investment income for the participant, as well as additional administrative expenses for the plan. In the...

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What is a Single Audit and What is Going to Change?

For those entities involved with Federal funding, the term “Single Audit” is often found in grant contracts. But not everyone is clear about what it means. This topic is also being brought up at seminars and in newsletters as there are many items about to change in the coming months.

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Why Churches are Leaving Money on the Table

Do you know of a local church that could put an extra $5,000 - $40,000 to good use? In my experience, the answer to this question is always “yes”. You will be surprised to learn that the majority of churches have no knowledge of their opportunity to receive significant tax refunds, hence effectively leaving money on the table.

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