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A Guide to a Nonprofit Organization’s Form 990 Obligations
Many nonprofit organizations receive tax-exempt status from the Internal Revenue Service (IRS). While this means that the organization does not…
5 Metrics To Use To Track Your Nonprofit’s Financial Health
The financial health of nonprofit organizations is an important indicator of their success. Measuring financial health can help an entity…
How To Choose The Right Nonprofit Bank Partner (And How To Leverage Your Relationship)
Nonprofit banking is a concept that is often overlooked in the planning stages of new organizations. Nonprofit entities must comply…
Religious Organizations’ Post-Pandemic Future and Recovery
COVID-19 changed the world. Religious organizations and other nonprofits, as well as for-profit industries, found themselves facing uncertainty in the…
Updates on the Presentation and Disclosures of Gift-in-Kind Transactions
The FASB issued Accounting Standards Update (ASU) 2020-07 in September of 2020. The purpose of the update is to provide…
Updates on FASB’s Lease’s Standard and How to Implement It
Introduction The FASB issued Accounting Standards Update (ASU) No. 2016-02, Topic 842, on February 25, 2016. The update on FASB…
What Is Fiscal Sponsorship? (A Nonprofit’s Beginner’s Guide)
One way nonprofit organizations secure funding is through fiscal sponsorships. Nonprofits engage in fiscal sponsorship by providing services to projects…
How To Create and Update Your Organization’s Policies for An Effective Board
Nonprofit organizations exist to serve their members or the community. Achieving the mission or missions of the organization is the…
9 Accounting Services That Your Nonprofit Organization Need to Outsource Now
Running a successful organization requires excellent decision-making skills. Leaders of healthy organizations all share one ability: knowing when to outsource.…
Why Sage Intacct Is The Best Accounting Software For Your Nonprofit Organization
Accounting is an essential function in all businesses. Regardless of the age, size, or type of company, financial transactions must…
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