New Rules For Nonprofit Lease Accounting: ASC 842 Explained
Updated standards on accounting for nonprofit leases (ASC 842) go into effect this year for most organizations–and next year for the few remaining exceptions. If you’re not sure that your organization has adopted the new standards detailed in ASC 842, then keep...
The Finance Committee and Nonprofit Financial Leadership
Your finance committee spends the most time analyzing and studying your nonprofit’s numbers, yet your entire board of directors is responsible for financial oversight. So, as the executive director or financial manager of a nonprofit, it’s up to you to ensure you...
The 5-Minute Guide to Nonprofit Finances
It’s a myth that all stakeholders need to be experts in every aspect of nonprofit finances. Even on nonprofit financial committees, some members may be skilled in accounting, others in banking, and others in investing or financial analysis. Yet all nonprofit leaders,...
How to Read a 990: What Do Donors Want to See?
Unlike your personal tax return, anyone can request a copy of your Form 990 from the IRS or search for your filing several online databases. And when they know how to read a 990, they can find out A LOT about your organization. Watchdog organizations, large donors,...