In our last nonprofit blog “Risk Management for Nonprofits – How to Not Make the News,” Yulia Murzaeva noted seven commonly identified risk exposures that nonprofits are continuously faced with and should assess as part of their risk management strategy. This post will take a deeper dive into one of the most complex and highly targeted areas of risk management, Techno [...]

With the wave of political and societal changes, nonprofit organizations have to constantly adapt to changes in tax laws and procedures. Our recent nonprofit whitepaper, Board Governance: The Path to Nonprofit Success, explores the importance of effective board governance and why every nonprofit organization should make it a priority. Here are three simple best prac [...]

Children’s Bureau of Southern California (Children’s Bureau) is one of the most trusted and innovative child and family services organizations in California and provides at-risk children and their parents with the support, tools and resources they need to be successful. Children’s Bureau offers a range of programs for children and families and provides training and te [...]

Originally published in NonProfit PRO The COVID-19 pandemic will have a lasting impact on society, especially in the ways people live and work. Nonprofits faced significant obstacles over the past year, notably adjusting to remote work while still responding to the communities they serve. Although diverse boards better serve their stakeholders and communities, recru [...]

With the economy shifting, many nonprofit organizations are reevaluating where to focus their time and budgets for the next year. In many organizations, additional investment in technology is one line item that is not prioritized in times of uncertainty. Consider these opportunities to maximize the value of a nonprofit’s tech stack. IDENTIFY THE BEST TECHNOLOGY SOL [...]

During our August nonprofit workshop, our nonprofit team shared the latest in accounting and tax updates, as well as insights from AICPA's recently revised Audit & Accounting Guide for Not-for-Profit Entities. We posed various questions during our workshop and over the next few blog postings, we will share the answers to those questions. During our firm’s recent n [...]

Nonprofit Finance Fund (NFF) released the results of its 2014 State of the Nonprofit Sector Survey last week, and the findings are not surprising: The economic recovery is leaving behind many nonprofits and communities in need: 80% of respondents reported an increase in demand for services, the 6th straight year of increased demand. 56% were unable to meet demand i [...]

Accounting Standards Update (ASU) 2016-14, the new financial statement presentation for nonprofit (NP) entities, will become effective for many NPs this year (calendar year-ends) or in the following year (fiscal year-ends). What are the most important changes that our clients should be aware of and what do they actually entail? Classification of Net Assets We are mo [...]

Despite the recent plunge in the cryptocurrency market, and predictions that cryptocurrency prices could fall even further before any sustained recovery, interest in cryptocurrency remains high. It is therefore not surprising that nonprofits have seen an increase in donors exploring opportunities to make cryptocurrency donations to their favorite charities. In this [...]

Originally published in Philanthropy News Digest. A recent survey by the Nonprofit Finance Fund found that 60 percent of nonprofits experienced conditions in 2020 that threatened their long-term financial stability. As a result, most nonprofits had to reimagine how they engage with donors and the beneficiaries of their programs and services. Looking ahead, there are [...]