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Sarah G. Widlock, CPA

Sarah G. Widlock, CPA

Author's details

Name: Sarah G. Widlock, CPA
Date registered: September 23, 2013

Email: swidlock@orba.com
Website: http://www.orba.com

Biography

Sarah started her career with Ostrow, Reisin, Berk & Abrams, ltd in 2005. She manages audits and reviews and performs compilations and quarterly accounting engagements for not-for-profit organizations and privately-held companies. In conjunction with the accounting and audit procedures, Sarah prepares various tax returns for these types of organizations. Sarah has experience analyzing financial statements, conducting tax research and planning for corporations and individuals, and providing training and support to closely held businesses.

Latest posts

  1. How Transparent is Your Not-For-Profit Organization? — January 16, 2017
  2. The Not-For-Profit Organization Life Cycle: Start-Ups Face Challenges, Opportunities — July 25, 2016
  3. Not-For-Profit Group Newsletter — Spring 2016 — April 1, 2016
  4. Keys to a Successful Development Department — February 5, 2016
  5. Three Tips to Improve Development and Accounting Collaboration — October 28, 2015

Most commented posts

  1. What are Gifts-In-Kind and How Should I Record Them? — 2 comments
  2. Keys to a Successful Development Department — 2 comments
  3. Not-For-Profit Group Newsletter – Fall 2014 — 1 comment

Author's posts listings

2017
Jan 16

How Transparent is Your Not-For-Profit Organization?

In today’s society everybody wants to know where exactly their money is going. It is not enough anymore to simply solicit donations to “help your cause.” More and more donors want to see the end result of their donation, and this could also be a factor as to whether they donate to your organization again or not. This blog focuses on how you can make the use of your fundraising dollars more transparent to donors.

2016
Jul 25

The Not-For-Profit Organization Life Cycle: Start-Ups Face Challenges, Opportunities

Just as they are for a child, the early years for not-for-profit organizations are full of important milestones. An organization’s first steps can make the difference between a sustainable entity with the capacity to fulfill its mission or a floundering failure that fades out fast. This article covers characteristics of the early-stage not-for-profit organization, key steps it must take and key decisions it must make. A Sidebar discusses the “3 Ws” approach to board development.

2016
Apr 01

Not-For-Profit Group Newsletter — Spring 2016

Spring 2016 Tread Carefully This Election Season Sarah Widlock, CPA With the 2016 election season picking up steam, not-for-profit organizations need to exercise caution not to stray into political activities that could put their tax-exempt status on the line. However, while the Internal Revenue Code (IRC) clearly prohibits certain activities and expenditures related to the… Continue reading »

2016
Feb 05

Keys to a Successful Development Department

Many not-for-profit organizations consider fundraising as their main source of revenue. However, so many organizations fail to focus a significant amount of their energy and resources into their development or fundraising departments. Why is it that hiring, maintaining and training individuals who will focus their efforts on coordinating fundraising initiatives, so far from directors’ minds? This article examines this question further and will help not-for-profit organizations realize the importance of investing in their development departments.

2015
Oct 28

Three Tips to Improve Development and Accounting Collaboration

Communication breakdowns between a not-for-profit organization’s development and accounting departments can lead to confusion, embarrassment and, worse yet, financial problems. Organizations, therefore, must take proactive steps to facilitate collaboration between these two critical functions. This article provides three tips on how to improve your not-for-profit organization’s accounting collaboration.

2014
Dec 15

Do Your Part for Donors: IRS Substantiation Rules Apply to Contributors

With donors gearing up for tax-filing season, it is not too late for not-for-profits to make sure they are following the IRS donation “substantiation rules.” This blog explains what the IRS requires to document various levels of gifts and offers a real-life example of the consequences of not closely adhering to the rules.

2014
Oct 07

Not-For-Profit Group Newsletter – Fall 2014

ORBA’s Not-For-Profit Group Newsletter is a quarterly publication focused on effective not-for-profit management. The Fall 2014 issue features two articles, Building a Dream Team—How to Manage the Board Selection Process and By the Book—Setting Executive Compensation Correctly.

2014
Apr 16

Good as Gold: Four Tips for Retaining Volunteers

Long-term volunteers can save a not-for-profit the time and money it would spend training new volunteers. They also become ambassadors and recruiters for the organization. And through their knowledge and experience, long-term, or “repeat,” volunteers add value to programs. To help not-for-profits keep this precious commodity on board, this article offers four tips for retaining them.

2013
Sep 23

What are Gifts-In-Kind and How Should I Record Them?

Cash contributions are fundamental sources of revenue for your organization; however, do not underestimate the importance and value of receiving gifts-in-kind. Gifts-in-kind refer to all noncash gifts and, as with cash contributions, there are requirements for recording these types of gifts. Gifts-in-kind should be recognized if your organization has discretion in using or distributing them and if your organization is the recipient of the risks and rewards of those gifts (such as the risk of loss if they are lost, damaged or destroyed).