Nonprofit

Using Social Media as an Investigative Tool

Traditionally, social media was known as a web-based platform that allowed users to create, share or exchange information through virtual communities and networks. Today, the number and types of social media, and the people using them, continue to rise. It has been found, however, that employees often present a very different persona on social media…

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Are You in Control of Your Company? Look Internally.

Overview of Internal Controls and Their Importance We live in a fast-paced and rapidly-changing business environment focused on innovation and efficiency.  With new systems, means of access, and growth, it is critical that your organization consistently reviews and updates its internal controls, policies and procedures. This needs to be done to stay ahead of the…

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Ready, Set, Compliance!

Is your organization required to comply with certain state, federal or industry regulatory guidelines? Are you ready for your next compliance audit? Navigating the sea of regulations that exist today can be cumbersome and costly for businesses, which often do not devote sufficient resources towards compliance audit readiness. Noncompliance, however, can cost more time and…

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Streamlining Fundraising Licensure Through a Single Portal Initiative

Nonprofit finance professionals often identify compliance as a significant burden that has become costlier over time, especially within the past two to three years. Ensuring compliance with the various finance-related rules and regulations that govern the sector continuously proves to be a challenge for nonprofits. It can be especially difficult for smaller organizations that depend…

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3 Changes to Unrelated Business Income

While most nonprofits are tax exempt, that doesn’t mean they won’t pay business income tax. When nonprofits generate income from unrelated activities, the activities can be taxed as unrelated business income (UBI) by the IRS. To be taxed under UBI, an activity must generally meet 3 rules: It must be a trade or business, which…

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Sherise Ritter Receives Award for Advocacy from Enable, Inc.

Congratulations to Sherise Ritter, CPA, CGFM, CGMA, PSA, who received the Enable Award for Advocacy at the nonprofit’s annual fundraising gala on April 27, 2018.  A managing director and co-chair of the Nonprofit & Human Services Group, Sherry is a tireless advocate for organizations serving people with disabilities. She is dedicated to educating the nonprofit…

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The IRS TE/GE Office 2018 Work Plan

The IRS Tax Exempt and Government Entities (TE/GE) Office recently issued its fiscal year 2018 work plan. The plan outlines the issues the IRS will focus on as well as the efforts and initiatives they intend to follow in the coming year. The following summarizes highlights of the work plan and its parts. Exempt Organizations…

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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 start of a new year is a good time to take a fresh look at these controls to see how they measure up. A good…

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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, some of which require organizations to speak up and get involved in public policy. I have heard numerous times from organizations that they (or their…

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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 human service provider agency funded primarily with state grants throughout its entire history, whereby if they spent $1 on providing approved services, the state would…

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