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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.

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Donor Gift Receipts – IRS Substantiation Requirements

Donor Gift Receipts: IRS Substantiation Requirements

With the end of the year approaching, many not-for-profits see an increase in giving. Therefore, we thought it would be helpful to provide a brief summary of donors’ documentation requirements […]

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The Complete Guide to In-Kind Gifts – Part 2

The Complete Guide to In-Kind Gifts – Part 2

This is the second article in a two-part series on gifts in kind. Click here to read Part 1 where we discuss types of in-kind gifts and how they should […]

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The Complete Guide to In-Kind Gifts – Part 1

The Complete Guide to In-Kind Gifts – Part 1

This two-part series will provide information about in-kind gifts, including the definition and recognition of such gifts and in the second article, the documentation best practices and impact on tax […]

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FASB ASU NO. 2018-08 – Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made

FASB ASU NO. 2018-08 – Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made

During 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2018-08 Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made to clarify […]

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Kentucky Sales Tax Hits Nonprofit Organizations

Kentucky Sales Tax Hits Nonprofit Organizations

Recently, Kentucky House Bill 487 passed, which contained significant changes to Kentucky tax laws. For purposes of this communication, we would like to highlight one major change regarding Kentucky Sales Tax […]

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Qualified Transportation: An initial look at what needs to be included in unrelated business income

Qualified Transportation: An Initial Look At What Needs To Be Included In Unrelated Business Income

Provisions in the Tax Cuts and Jobs Act (TCJA), passed late in December 2017, eliminated the deductibility of qualified transportation expenses incurred by business employers. After December 31, 2017, amounts […]

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#MeToo Movement Impacts Nonprofits

#metoo Movement Impacts Nonprofits

The #MeToo Movement, which is an international movement against sexual harassment and assault, has spread across nearly every major industry like wildfire.  People might assume that this problem would be […]

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How to Ensure Effective Internal Control as a Nonprofit

How To Ensure Effective Internal Controls As A Nonprofit

In addition to the “tone at the top,” an important part of having an effective internal control is segregation of duties. Adequate segregation of duties requires certain key functions to […]

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Deciphering Between Contributions and Exchange Transactions

How To Decipher Between Contributions And Exchange Transactions

Nonprofit organizations have various sources of revenue, and one of the trickiest areas of financial reporting for a nonprofit organization is distinguishing an item as a contribution or an exchange […]

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The Basics: Intermediate Sanctions and Excess Benefit Transactions

The Basics: Intermediate Sanctions And Excess Benefit Transactions

Intermediate sanctions sound fairly scary. In reality, regulations and penalties are equally scary, so the name is appropriate. Intermediate sanction regulations and penalties exist to stop abuses by disqualified persons […]

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What documents should your organization be keeping?

What documents should your organization be keeping?

A nonprofit entity is required to maintain proper records to ensure the organization complies with tax rules and regulations. If an organization is unable to provide supporting documentation proving qualification […]

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NFPs with operations in Indiana: be aware of unique state audit requirements

NFPs With Operations In Indiana – Be Aware Of Unique State Audit Requirements

The Indiana State Board of Accounts (SBA) has the responsibility of examining the accounts and financial records for all state entities and entities receiving public money within the state of […]

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How the 2017 TCJA Affects Nonprofits

2017 Tax Cuts And Jobs Act Provisions Of Interest To Nonprofits

Provisions of the 2017 Tax Cuts and Jobs Act, H.R. 1, are expected to have significant impacts on charitable giving, among other changes that will affect not-for-profit organizations (NFPs) both […]

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Tax-Exempt Highlights Comparison of the TCJA 2017

Tax-Exempt Highlights Comparison – Tax Cuts And Jobs Act Of 2017

On December 22, President Trump signed into law the “Tax Cuts and Jobs Act” (P.L. 115-97), a sweeping tax reform law that will entirely change the tax landscape. The legislation […]

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The 12 Days of Tax Tips

The 12 Days Of Tax Tips [Part 2]

Also, read: “12 Days of Tax Tips – Part 1”   Part 2 Table of Contents: Six check-up questions for end-of-year withholding Five steps to remember when making a charitable […]

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Webinars

not-for-profit board members meeting

Serving on a Not-for-Profit Board: A Guide to Success

By Robert J. Findley, CPA, Director at Blue & Co. Serving on a not-for-profit Board is an excellent way to give back to the community, support organizations whose mission is […]

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fundraising event reporting

Fundraising Event Reporting Woes: Why Are We Showing That We Lost Money?

By Cory Schunemann, Tax Manager at Blue & Co. Tax-exempt organizations frequently grapple with how to report fundraising events on Form 990. The form requires them to separate event proceeds […]

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AI preventing cyberattack

How AI Can Help Protect Not-For-Profits From Cyberattacks

By Joel Barnett, Technical Account Executive at Blue Pioneer Consulting and Holly Fields, CPA, Senior Manager at Blue & Co. Not-for-profit organizations handle sensitive data every day, which make them […]

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How Cryptocurrency Donations Can Transform Not-For-Profit Fundraising

By Doug Sandor, Senior Accountant and Chad Nieter, CPA, Senior Manager at Blue & Co. Cryptocurrency, a digital asset powered by cryptography for enhanced security, has revolutionized modern finance and […]

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cryptocurrency for not-for-profits

Fundraising Expenses: Know the Rules, And Your Options

By Rick Shields, CPA, Principal at Blue & Co. One of the issues not-for-profits must address is how to raise funds while also properly reporting the associated costs for donor […]

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form np-20r

2025 Indiana Not-For-Profit Reminders

By Angela Crawford, CPA, Director at Blue & Co. Indiana Form NP-20R, Not-For-Profit Organization’s Report Indiana not-for-profits are required to file Form NP-20R every five years. The due dates for […]

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