Thought Leadership

When it comes to thought leadership and staying informed, we’ve got you covered. See below for recent articles, webinars, and downloadable resources available.

Want updates like these sent directly to your inbox?

Subscribe to our Newsletters

Is your charitable hospital in compliance with IRC 501(r)?

Is Your Charitable Hospital In Compliance With Irc §501(r)?

Even though there have been several attempts this year to repeal the Patient Protection and Affordable Care Act (the “ACA”), the efforts have not been successful. Additionally, the attempted repeal and replace approaches this year have left most of the ACA intact; meaning even if the bills were passed, those requirements initially enacted in Section […]

Learn More
A beginner's guide to reporting grants on Form 990

A Beginner’s Guide To Reporting Grants On Form 990

When an organization provides grants to individuals, it may be required to complete specific schedules on the Form 990. Organizations that provide grants or assistance to interested persons must complete Schedule L, Part III. Is this a requirement for your organization? The answer of “yes” or “no” to the following question will be the determining […]

Learn More
Reporting Of Expenses - New Requirements And Opportunities

Reporting Of Expenses – New Requirements And Opportunities

Beginning in the calendar year 2018, and fiscal years ending in 2019, nonprofit organizations will be required to present expenses both by their functional and natural classification, in a manner similar to a statement of functional expenses. While the standard does not specifically require a statement of functional expenses, the language in ASC 958-720-45-15 is […]

Learn More
What you need to know: new not-for-profit disclosures on liquidity

What You Need To Know: New Not-for-Profit Disclosures On Liquidity

On August 18, 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards update (ASU) No. 2016-14 Presentation of Financial Statements of Not-for-Profit (NFP) Entities. This update is meant to simplify and improve how a NFP organization classifies its net assets, as well as the information it presents in the financial statements and notes […]

Learn More
4 Cyber Security Tips for Not-For-Profits on a Budget

4 Cybersecurity Tips For Not-for-profits On A Budget

by Ashley Jones, CPA, Manager Following the headlines from any news source these days, it seems that cyber security is just about always trending. While this is not a new topic, with attacks becoming more common, cyber security is something every organization should be seriously addressing. Not-for-profits need to be prepared as much as any […]

Learn More
Are you underreporting UBI?

Are You Underreporting Unrelated Business Income (UBI)?

by Nancy Kirchner, CPA, Manager Federal law allows nonprofit organizations to engage in a certain amount of income-producing activity that is not related to its exempt purpose. However, the IRS has recently concluded that many exempt organizations are underreporting this activity, and consequently, it is increasing its focus on the unrelated business activities of nonprofit […]

Learn More
Avoiding Excess Benefit Transactions

What You Need To Know: Understanding And Avoiding Excess Benefit Transactions

Intermediate sanctions legislation was passed in 1996; however, in recent years, the Internal Revenue Service (IRS) has renewed its focus on enforcement of the private inurement rule as it relates to relevant not-for-profit (NFP) organizations: 501(c)(3), 501(c)(4), and 501(c)(29) organizations that are tax-exempt under section 501(a). Specifically, the IRS is looking for whether tax-exempt organizations […]

Learn More

Gaming Requirements Exempt Organizations

By Annmarie Novotney Exempt organizations often have a focus on events or fundraisers from which to generate additional funds to promote their missions. Frequently, games of chance like bingo, pull tabs, raffles, card games and lotteries are used as part of these events. Although it can be argued that these activities are a means to […]

Learn More

Cyber Security for Not-For-Profits

Data breaches can occur in any organization, and not-for-profits (NFPs) are not immune. Oftentimes NFPs can be at risk because their systems are not up-to-date or are simplistic in nature. It’s very important for NFPs, especially those that collect donor or member information (including names, addresses, email addresses, and credit card information), to address cyber […]

Learn More

Exempt Organization Public Disclosure Requirements

Tax-exempt organizations are different from non-exempt organizations in many ways; one of which is their annual returns and exemption forms are required to be made available to the public. The law requiring public disclosure affects organizations exempt from federal income tax under Internal Revenue Code (the Code) section 501(a) and described in sections 501(c) or […]

Learn More

Dangerous Transactions To Avoid

Certain transactions can be considered automatic issues for an organization if conducted with an interested person. Transactions providing an economic benefit that exceeds the value of considerations given are known as excess benefit transactions and can create a large penalty for the individuals and organization involved. Safeguard your organization from significant penalties by avoiding the […]

Learn More

FASB Issues New Standard NFP Financial Reporting

On August 18, 2016, the Financial Accounting Standards Board (FASB) issued an Accounting Standards Update (ASU) No. 2016-14 Presentation of Financial Statements of Not-for-Profit Entities that simplifies and improves how a not-for-profit organization classifies its net assets, as well as the information it presents in financial statements and notes about its liquidity, financial performance, and […]

Learn More

Compensation What You Don’t Know May Cost You

Payroll compliance may not seem like a concerning issue to your organization. You have hired an outside payroll provider. That provider diligently pays employees every two weeks, remits payroll taxes, and files all necessary returns. However, unless you inform the payroll provider of all types of compensation, you may be underreporting. For W-2 reporting purposes, […]

Learn More
Importance of Public Support Test

Importance of Public Support Test

Organizations that qualify for tax exemption in section 501(c)(3) are considered private foundations unless they fall under one of the categories specifically excluded from the definition of private foundation in section 509(a). Section 509(a)(1) excludes publicly supported organizations from private foundation status. An organization which has qualified as a publicly supported charity with the IRS […]

Learn More
Not-For-Profits and Capital Expenditures

Not-For-Profits and Capital Expenditures

At what point should a not-for-profit consider investing in a capital expenditure? A capital expenditure can be described as acquiring, repairing, or upgrading a physical asset such as land, a building, or equipment. For the expenditure to be considered a capital expenditure the physical asset must have a useful life that extends beyond a year […]

Learn More

Webinars

Flexible Budgeting Not-for-Profits

Flexible Budgeting for Not-for-Profits

Organizational budgeting is far from a simple process, and this is especially true for those in nonprofit leadership. There are often many complexities to consider when developing a financial plan capable of carrying the mission forward into the next fiscal year and, certainly, the added challenges of the COVID-19 pandemic have not made this task […]

Learn More
Understanding Your Options When Your Organization Fails the Public Support Calculation

Understanding Your Options if Your Organization Fails the Public Support Calculation

If your organization is exempt under section 170(b)(1)(A)(vi), section 170(b)(1)(A)(iv) or section 509(a)(2) of the IRS code, it must annually meet one of two public support calculation tests (shown on Form 990, Schedule A) to maintain its publicly supported status: The organization is over 33 1/3% publicly supported. This means that 33 1/3% or more […]

Learn More

Statement of Functional Expenses: Three Steps for Accurate Expense Allocations

An area of common concern for not-for-profit organizations is how to best allocate certain expenses among the various functions between management and general activities, program services and other supporting activities like fundraising and membership development. Users of your financial statements, and of course your auditors, will want to ensure that expenses that are not directly […]

Learn More
Compliance Supplement Addendum Issued and FAC Extensions

2020 Compliance Supplement Addendum Issued and Extensions Granted

On December 22, 2020, the Office of Management and Budget (OMB) issued the 2020 Compliance Supplement Addendum (Supplement Addendum). The Supplement Addendum provides guidance on auditing Coronavirus Aid, Relief, and Economic Security (CARES) Act money and other COVID-19 relief programs. The addendum has the same effective date as the original August 2020 Compliance Supplement for […]

Learn More

On-Demand Webinar: Maximizing and Accounting for Not-For-Profit Revenue Sources

  This session was hosted by Blue & Co. and Ashley|Rountree and Associates on Thursday, February 25 from 12:00 p.m. to 1:00 p.m. EST. This webinar is Maximizing and Accounting for Not-For-Profit Revenue Sources. This webinar is part of a two-part series discussing unique funding opportunities and issues related to revenue sources for not-for-profit organizations. The […]

Learn More