Nonprofit
Assessing Internal Controls
Every organization needs internal controls to safeguard its assets, assure its accounting data is accurate and reliable, promote operational efficiency and encourage compliance with its prescribed policies and procedures. The…
Advocacy vs. Lobbying by Nonprofits
Do you get a little nervous when anyone talks about lobbying? What about advocacy? Do you know the difference between the two? There are many issues facing the nonprofit industry,…
A Sustainable Business Model – More Important Than Ever
I’ve been helping numerous clients work through recent challenges stemming from funders’ demands, many of which are changing an organization’s entire way of getting paid. Take, as an example, a…
The Equifax Data Breach – What to Do
On September 7, 2017, Equifax, one of the three main credit reporting agencies, announced a massive data security breach that exposed vital personal identification data— including names, addresses, birthdates, and…
Introducing BDO’s First Nonprofit Benchmarking Survey
There are over 1.5 million tax‑exempt organizations currently operating in the United States, each with a unique mission and focus. Given the diversity in the industry, nonprofit leaders consistently face…
The Future of Philanthropy is Bright as Millennials Mature
Many organizations operate under the presumption that millennials are not as charitably committed compared to older generations. New research findings are challenging this misconception. Results from a recent study commissioned…
Assessing Near-Term Nonprofit Challenges
Friends and colleagues, I am writing this on the train ride home from Washington D.C., where Kyle, Lovepreet and I attended the annual AICPA Not-for-Profit Conference. The three-day getaway gives…
Measuring Fundraising Effectiveness
While fundraising is a major activity for all nonprofits, it is especially vital for small organizations that rely on it as a major source of revenue. In today’s competitive landscape,…
Nonprofits Should Focus On Building Volunteerism As U.S. Volunteer Rates Continue To Decline
Each year the Corporation for National and Community Service (CNCS) teams up with the National Conference on Citizenship to conduct a Current Population Survey (CPS) that collects information on the…
Donor Advised Funds: Efficient and Effective Planned Charitable Giving
We have just completed the year-end rush of charitable giving and a barrage of requests from multiple organizations. How can we make this process more strategic and tax efficient? One…