By: Sunil Patel (Tax Supervising Senior) and Jason Booth (Tax Principal) Many tax-exempt organizations invest frequently in foreign alternative investments (e.g., hedge, private equity, real estate and venture capital funds). When investing into such funds, these tax-exempt organizations’ primary tax concern is generally to mitigate their risk of Unrelated Business T [...]

As documented through various news reports and articles, the healthcare industry has been overwhelmed by the first wave of coronavirus cases. Healthcare providers have struggled with performing necessary healthcare services as a result of several factors stemming from the lack of medical equipment (ventilators, etc.), medical supplies (including personal protective eq [...]

Recently, Federally Qualified Health Centers (FQHCs) received two sets of supplemental funding released by the Health Resources and Services Administration (HRSA) in response to the COVID-19 pandemic: $1.32 billion in CARES Supplemental Funding (H8D), appropriated through the CARES Act of 2020, and;$100 million in COVID-19 Supplemental Funding (H8C), appropriated thr [...]

As a new Board Chair, I’ve been reading BoardSource’s 2015 Leading with Intent with interest. The report is a comprehensive review of nonprofit Board practices, policies and performance, building on data that BoardSource has collected and analyzed for over 20 years. Now that I’m chairing Board meetings myself, I’m aware of my responsibility to facilitate meetings that [...]

By: Anthony Perez I’ve worked as an auditor for over seven years and have specialized in working with nonprofit organizations. I’ve moved up from a staff auditor who vouched checks and invoices to a senior auditor who reviewed a multitude of contracts and grants and now to a manager presenting some of our findings from the past year’s audit to client management and a [...]

In my last blog posting I mentioned reading BoardSource’s 2015 Leading with Intent. The report is a comprehensive review of nonprofit board practices, policies and performance and builds on data that BoardSource has collected and analyzed for over 20 years. One of the takeaways for me was that board members need to raise their collective voices as committed and infor [...]

By Margaret Karren The Financial Accounting Standards Board (FASB) has issued an exposure draft for the presentation of financial statements of not-for-profit entities. The comment period ends on August 20, 2015, public roundtables will occur in September and October 2015, and the FASB board re-deliberations would start in October 2015. The FASB states that this is p [...]

And By: Andrew Bird (Marketing and Communications Consultant) (Excerpt from their book, Putting the Profit in Nonprofit! 5 Power Success Strategies for Nonprofits) Donors can’t give you money if they don’t understand who you are and who you help. They also can’t give you money if YOU can’t effectively explain who you are and who you help! Why does your organization e [...]

By Margaret Karren On April 22 the Financial Accounting Standards Board (FASB) issued an exposure draft which would significantly change the existing not-for-profit financial reporting model. Comments are due by August 20, 2015. I decided to try making a comment to see how the process worked. I went on to the FASB.org website; it took a couple of tries to get to the [...]

At our nonprofit conference last week, themed “The nonprofit leaders’ journey from ordinary to extraordinary: Tell me something I don’t know,” Pegine Grayson, vice president of Philanthropic Services at Whittier Trust, was one of our panelists. After the conference I asked Pegine if I could capture some of her insightful reflections. Donella: When asked to describe a [...]