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2017
Nov 03

Evaluating Your Fundraising Returns

As competition continues to increase for contributions, donors have begun to look for more accountability and transparency from not-for-profits, especially regarding fundraising. Not only is the sum of money raised in campaigns meaningful, but how efficiently the money is raised is significant as well. 

2017
Sep 25

All Charitable Deductions are Not Created Equal

With the end of the year approaching, your supporters may be thinking about making charitable contributions they can deduct on their 2017 federal tax returns. Here is some information your supporters may find helpful when thinking about different types of donations, some of which are not tax deductible at all.

2017
Sep 11

Managing a Successful 340B Discount Program

Most Americans are not aware of a little-known drug pricing program called the 340B Drug Discount Program (340B). The 340B program was created by the federal government in 1992 under Section 602 of the Veterans Health Care Act. However, its popularity only surged within the last five years when hospitals were required to register their offsite facilities which were using 340B drugs. Since its enactment in 1992, the 340B program has been expanded by Congress through various other laws which clarify or broaden the law, including guidance that allows hospitals and clinics to contract with outside pharmacies if they do not have one in-house.

2017
Aug 23

Measuring Fundraising Success

Donors continue to look for more accountability and transparency from non-profits, especially regarding fundraising. Not only is the sum of money raised in campaigns meaningful, but how efficiently you are able to raise it, is fundamental to the non-profits success. For instance, one activity may project higher revenues than another activity, but measuring the activities’ success requires more than just evaluating the gross revenues.

2017
Aug 15

Reporting of Investment Return under the New ASU 2016-14 Presentation of Financial Statements for Not-for-Profit Entities

In an effort to provide more useful information to donors, grantors, creditors and other users of the financial statements, the Financial Accounting Standards Board (FASB) released ASU 2016-14 Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities on August 18, 2016. While the ASU focuses on five main areas that are changing, this blog will highlight just one – reporting of investment return.

2017
Jul 25

Functional Expense Reporting under the New ASU 2016-14 Presentation of Financial Statements for Not-for-Profit Entities

In an effort to provide more useful information to donors, grantors, creditors and other users of the financial statements, the Financial Accounting Standards Board (FASB) released ASU 2016-14 Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not for Profit Entities on August 18, 2016.

2017
Jun 29

A Proactive Approach to Not-For-Profit Board Member Management

A characteristic of a strong not-for-profit organization is an active board of directors that can support the organization in many ways—financially, with their time, and with the skills the members possess, both personally and professionally. Attracting the right people to your not-for-profit board can be challenging. You obviously want people who are enthusiastic about your mission and who are willing to give their time. This article explores a few best practices that not-for-profit board members can implement to successfully manage their board of directors.

2017
Jun 05

The New Revenue Recognition Standard: How Does It Affect My Not-for-Profit?

When the Financial Accounting Standards Board’s (FASB’s) new revenue recognition standard was released in 2014, many organizations and businesses were unsure on how it would affect them. In particular, not-for-profit organizations were unclear on the potential impact. However, the new standard applies only to revenue from “exchange transactions,” also known as reciprocal transactions. Many not-for-profit organizations receive contributions, which are non-reciprocal, and therefore, different rules apply. This article explains when you should report grant and contribution revenues under ASU 2014-09. A Sidebar reports on future FASB guidance that will clarify how and when to recognize grant and contribution revenue when receiving government funds.

2017
May 26

Reframing: How Not-For-Profit Leaders Can Keep Learning on the Job

Whether an executive on staff or a member of the board, new to the organization or a long-time veteran, a not-for-profit organization’s leader sometimes faces tough challenges that a formal development class will not address. However, according to the not-for-profit organization Community Resource Exchange (CRE), learning on the job can be a rich source of leadership and management development. This article describes two self-coaching opportunities, advocated by the CRE, that lean on resources one can find in one’s self, within the workplace and among networks.

2017
May 05

Fraud and the Not-for-Profit Organization: How to Counter Your Vulnerabilities

Every organization, whether for-profit or not-for-profit, is at risk of falling victim to costly acts of fraud. Not-for-profit organizations, however, have some common characteristics that can make them particularly susceptible to fraud. This article discusses organizational weak spots and advises on ways to combat risks by implementing some simple controls. A Sidebar discusses the “fraud triangle” of conditions that can lead to fraud.

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