New guidance from the IRS makes it easier for many nonprofits to restructure or enter a merger, while retaining their tax-exempt status. The Nonprofit Standard blog explains what’s changed.
Today, the Financial Accounting Standards Board (FASB) issued clarified guidance on accounting for contributions. To help nonprofits understand the changes, the Nonprofit Standard blog outlines a practical example of how to classify a grant and explains how the updated...
In a world where nonprofit watchdogs and well-intentioned stakeholders are scrutinizing nonprofit metrics and outcomes, it’s time to take ownership of your organization’s data. Our new benchmarking survey can help. Read more in the latest post on the Nonprofit Standard blog.
The role of the nonprofit CFO has grown far beyond the four corners of a financial statement. How has it evolved, and what can CFOs do to advance their organization’s mission? Our latest blog post, which recaps the CFO Panel at BDO’s 2018 Annual Nonprofit Summit, offers some...
The tax reform bill included several important changes to charitable giving and is predicted to cause a $12-$20 billion decline in donations. But a new bill introduced in the House could help bridge that gap and grant a long-standing wish for the nonprofit community: a...
How can you determine if your nonprofit is financially fit? Liquidity is an important part of the equation. Learn more about liquidity and new disclosure changes in our latest blog.
What makes an effective nonprofit data privacy program? One that aligns with an organization’s business, involves key stakeholders, and includes ongoing monitoring and controls, among other factors. Read the Nonprofit Standard’s latest blog post for best practices on how to...
What prompted the FASB to release its new revenue recognition standard, and how can nonprofits prepare? BDO’s Lee Klumpp and Carla DeMartini answer these questions and more in a recent New York Nonprofit (NPN) Media podcast.
A nonprofit mission statement is more than just words – it represents everything an organization stands for. But what are the ingredients for a strong mission statement that communicates impact?
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