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Thought Leadership

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Impact Of The New Revenue Recognition Standards On NFP Organizations | Blue & Co., LLC | Nonprofit Consulting | Not-for-Profit Consullting | Nonprofit Financial Consulting

Impact Of The New Revenue Recognition Standards On NFP Organizations

Update published on June 5, 2020: FASB issued Accounting Standards Update (ASU) 2020-05, Revenue from Contracts with Customers (ASC 606) and Leases (ASC 842) Effective Dates for Certain Entities, as part of […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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 […]

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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. […]

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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 […]

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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 […]

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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 […]

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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, […]

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Board of Directors’ Use of Financial Ratios

By: Shawn Williams, CPA, FHFMA, Audit Senior Manager As a current board member for several not-for-profit organizations, my fellow board members and executives seek my advice when reviewing and dissecting […]

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Webinars

Planned Gifts

Planned Gifts: A Plan for All

By Mike Gricius, CPA, Senior Manager at Blue & Co. Planned gifts are a tool that can help not-for-profits plan ahead and secure the future for the years to come. […]

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donor advised funds

IRS Proposed Regulations: Impact on Donor Advised Funds

By Corey Schunemann, CPA, Manager at Blue & Co. The IRS issued proposed regulations that could dramatically affect the landscape and operations of Donor Advised Funds (“DAF”). While many organizations […]

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How not-for-profits can make use of artificial intelligence

Empowering Change: How Not-For-Profits Can Make Use of Artificial Intelligence

By Chad Nieter, Senior Manager at Blue & Co. Artificial intelligence (AI) is technology that enables computers and digital devices to learn, read, write, talk, see, create, play, analyze, make […]

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Navigating Indiana's NP-20R Reporting

Crucial Compliance: Navigating Indiana’s NP-20R Reporting and Form 136

By Angela Crawford, CPA, Director at Blue & Co. There are two key items Indiana not-for-profits need to know in first quarter 2024 – no matter your organization’s fiscal year […]

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Indirect costs for grants

Indirect Costs for Grants – Should You Want a Higher Rate?

By Rick Shields, CPA, Principal at Blue & Co. When not-for-profits receive grants from governments and foundations, the application process often includes an estimate for indirect costs which is then […]

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retirement plan limits

2024 Retirement Plan Limits

By Holly Fields, CPA, Senior Manager at Blue & Co. For 2024, the Internal Revenue Service (IRS) increased plan limitations to reflect cost of living adjustments. Below are some of […]

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