Nonprofit

Do you need to change your nonprofit accounts and presentation?

Sep. 07, 2017

The Financial Accounting Standards Board’s (FASB) Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958): ¬†Presentation of Financial Statements of Not-for-Profit Entities will have an impact on several line […]

Does your nonprofit want to grow? The considerations of a merger

Jul. 31, 2017

Most nonprofit organizations view growth as a necessary objective, just like their for-profit counterparts. According to the recent Nonprofit Finance Study by software and service provider Abila (Abila study), 80 […]

Key nonprofit issues to be aware of

Jun. 07, 2017

While there are always issues that affect nonprofit organizations, this year there are some that really stand out and should be taken seriously.¬† One issue is cybersecurity. With more activity […]

Annual filings for Ohio tax-exempt organizations

Jun. 01, 2017

The regulation of nonprofits is essential to donors, volunteers, grant agencies, and communities. This helps prevent fraud and provide confidence to donors. The filings are public record and available for […]

Make sure your nonprofit still exists under Ohio law

Mar. 21, 2017

Almost all nonprofit corporations incorporated in Ohio need to file a verified statement of continued existence with the secretary of state. This form provides the corporate name, place where the […]

Consolidation guidelines for nonprofits

Mar. 14, 2017

Does your nonprofit organization have partial ownership over a for-profit entity? Is your organization a general or limited partner for that organization? The FASB recently issued an amended Accounting Standards […]

Is your nonprofit in compliance?

Mar. 07, 2017

In 2016, the IRS embarked on a plan to check on nonprofit compliance to ensure organizations meet the requirements for exemption and are in compliance with all applicable federal tax […]

Four trends and tips for enhancing nonprofit support from millennials

Jan. 10, 2017

Is your organization effectively reaching the next generation of supporters? Both the recently released Connected Nonprofit Report from Salesforce.org and the Millennial Impact Project from Achieve (in partnership with the […]

The 10 common errors on the IRS Form 990 and schedules

Dec. 12, 2016

The purpose of the IRS Form 990 is to provide information regarding the organizations programs and activities. The IRS wants to make sure the organization is in compliance with its […]

Big changes in nonprofit accounting

Oct. 10, 2016

In August, the Financial Accounting Standards Board issued Accounting Standards Update No. 2016-14-Not-for-Profit Entities: Presentation of Financial Statements of Not-for-Profit Entities. This update makes certain improvements to provide more useful […]