Nonprofit

6 Challenges Nonprofit Executives are Facing

To better understand what is keeping nonprofit executives up at night, Abila – a leading software provider to nonprofit organizations – surveyed 414 finance professionals who currently work for a nonprofit or association between June and July 2016. Nonprofits have made headlines recently while dealing with headaches brought on by new federal rules on overtime…

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Are You Complying With New Procurement Standards Under Uniform Guidance?

For all state, local and nonprofit entities that receive federal awards, whether direct or pass through, Uniform Guidance took effect with fiscal years that began after December 26, 2014. Procurement standards is one of the many areas that management and staff at all state, local and nonprofit entities need to review and understand, to be…

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When Nonprofits are Taxed on Unrelated Business Income

While most nonprofits are operated primarily to be tax exempt, it doesn’t mean they won’t pay business income tax. When nonprofits generate income on unrelated activities, this can result in that

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Trends in Family Philanthropy

Whether you are a family foundation or a grant-seeker, we thought you would find some interest in these trends. Family foundation giving almost doubled between 2002 and 2013 and the number of foundations increased by 44% over this timeframe. This impressive growth can be attributed to three factors: An increase in the creation of family…

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Is Your Payroll Service Provider Really Remitting Your Taxes?

At a recent client board meeting I was asked how an organization would know if their payroll service provider was remitting the payroll taxes on their behalf. In light of recent press coverage about a municipality and other organizations whose payroll service providers did not remit the payroll taxes, it got me thinking about how…

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Our Annual Business Plan – We Have One Too!

Well we did it again – we went to Washington to recharge, regroup and visit with our nonprofit peers to convene about top of mind subjects at the AICPA not for profit annual conference!  We are lucky to work with so many focused and important organizations in an environment that is welcoming and ‘down to…

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What’s Your Organization’s Performance Score?

Nonprofits are facing a new challenge as many donors, regulators and ratings agencies now are looking for performance reporting to be provided to them; that is, financial measurements as well as outcome and impact reporting.  Of these, financial reporting is most straightforward, as various percentages and ratios are calculated and presented in an attempt to…

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How Does Your Board Stack Up?

The members of a board of directors collectively set the direction of an organization, steering it toward a better future by setting the tone that promotes sound and ethical legal governance and financial management policies. The board is entrusted with and accountable for the leadership and governance of a nonprofit organization. However, a typical board’s work…

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Why Sound Board Oversight is Essential to Your Organization

While not much these days shocks me, I am greatly disappointed when I learn that seemingly good organizations have gone off the rails.  As co-leader of Mercadien’s Nonprofit Services Group, I often remind our clients and associates who serve on boards of the importance of good governance.  I happen to sit on the governance committee…

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Is Your Nonprofit Addressing the New Cost Principle Reforms?

It’s not too late to get up to speed on new federal and state cost principles and other requirements for your federal and New Jersey grants. As you may be aware, the federal Office of Management & Budget (OMB) recently issued final regulations entitled, “Uniform Administrative Requirements, Cost Principles and Audit Requirements for Federal Awards,”…

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