Blog
Significant Rule Change for Certain Tax Exempt Organizations Reporting Donor Information
By Marc Berger, CPA, JD, LLM On July 16, 2018, the Internal Revenue Service (IRS) released Revenue Procedure 2018-38, modifying the information reported to the IRS by certain tax-exempt organizations…
How Predictive Analytics Is Transforming NPO Fundraising
By Joe Sremack, CFE, and Gurjeet Singh, MCP The art of nonprofit fundraising is quickly becoming a science. Fundraising is a vital process for the mission of many nonprofit organizations…
Are Grants Subject To Revenue Recognition?
By Lee Klumpp, CPA, CGMA The FASB clarifies longstanding question for nonprofits. Nonprofits received long-awaited clarification on a key accounting question from the Financial Accounting Standards Board. As discussed in…
A Fresh App-roach to Millennial Giving
It’s 2019—there seems to be an app for just about everything! In a recent article published by Fast Company, author Ben Paynter takes a look at Millie, an innovative charity…
Final ASU 2018-08 Issued on Guidance For Contributions
By Lee Klumpp, CPA, CGMA The Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2018-08, Not-for-Profit Entities (Topic 958): Clarifying the Scope and the Accounting Guidance for Contributions…
Creating a Nonprofit Fundraising Plan
Finding a way to bring in donations via a fundraising plan is a major strategy nonprofit organizations must develop. This article discusses five key tips nonprofit leaders can use in…