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Nonprofit

Nonprofit organizations have specialized audit, tax and operational needs that require specialized service.  Armanino has been committed to the nonprofit sector since 1969, and we now work with more than 600 nonprofit clients. This hands-on experience gives our staff of CPAs and former CFOs a deeper understanding of the issues nonprofits face, so we’re able to meet their needs and help them fulfill their missions in the most efficient, cost-effective way possible.

What You Need to Know About Nonprofit Accounting in 2018

What You Need to Know About Nonprofit Accounting in 2018

The FASB certainly has been busy in recent years, and starting in 2018, nonprofits will need to start implementing all of these changes.

Change: The New Normal for Nonprofits

Change: The New Normal for Nonprofits

Nonprofits expect a decrease in federal funding, and one of the ways they are responding is by becoming even stronger advocates for their causes.

Exchange vs. Contribution: FASB Proposal Shakes Up Grant Accounting

Exchange vs. Contribution: FASB Proposal Shakes Up Grant Accounting

A proposed FASB accounting standards update aims to provide new clarity for nonprofits about when a transaction should be considered a contribution and when it is really an exchange.

What We Do

We understand the unique challenges that nonprofits face. Our experienced team offers a full range of specialized services to help organizations operate more efficiently and fulfill their missions.
Audit & Review

Audit & Review

We perform an operational review of the nonprofit, focusing on internal controls and proper accounting procedures. We then present the findings, trends and issues to the organization’s board, taking into account its unique industry perspective.
Tax

Tax

Armanino’s tax experts are dedicated to nonprofits. We understand that the Form 990 is more than just a tax return ― it’s a window into an organization’s financial strength, and it also outlines its mission and achievements. The 990 has become a powerful marketing tool reviewed by potential donors, investors, the media and anyone else looking for initial information about a nonprofit. We know how important it is, and we can help any organization get the most value from theirs.
Consulting

Consulting

Armanino’s experienced team leverages the scalability, flexibility and open API architecture of our best of breed solutions to overcome the unique challenges faced by nonprofits. We can provide outsourced finance and accounting solutions for your entire back end office, provide temporary or permanent placement finance resources or we can do project work as needed to take care of all of a nonprofit organization’s need. We can perform a simple review, set up a Chart of Accounts, establish fund accounting reports, or help integrate accounting and development.

Our Team

Practice Leaders

Paul O Grady

Partner

Tom Schulte

Partner


Related Experts

Resources

Compare and Contrast the House and Senate Tax Bills

The House Ways and Means Committee amended, and approved, the Tax Cuts and Jobs Act, and the Senate Finance Committee released “policy highlights” for its proposed version of a tax plan.

Nonprofit Uses Adaptive Insights to Help Empower Children and Families

Nonprofit CFO credits Adaptive Insights and Armanino with allowing him to be a strategic CFO focused on high-value activities while streamlining processes and improving data visibility.

Paper Dolls

The FASB certainly has been busy in recent years, and starting in 2018, nonprofits will need to start implementing all of thes ...

Exchange vs. Contribution: FASB Proposal Shakes Up Grant Accounting

A proposed FASB accounting standards update aims to provide new clarity for nonprofits about when a transaction should be cons ...

California Nonprofit Reduces Financial Reporting Effort from Days to Minutes

Growing nonprofit California Institute for Behavioral Health Solutions (CIBHS) needed automated real-time financial reporting. They found the solution with Sage Intacct, which signif ...

Accounting for Contributions Received and Made for Private Nonprofit Colleges and Uni ...

On August 3, 2017, the Financial Accounting Standards Board released an exposure draft that will clarify and improve the scope and accounting guidance for contributions received and made.

Change: The New Normal for Nonprofits

Nonprofits expect a decrease in federal funding, and one of the ways they are responding is by becoming even stronger advocates for t ...

Nonprofit Revenue Recognition Checklist

Did you know that common nonprofit revenue streams like memberships, subscriptions, tuition and sponsorships are within the scope of the new revenue recognition standards? Armanino can get ...

Nonprofit Room to Read Uses Adaptive Insights to Foster Cross-Functional Collaboratio ...

Nonprofit Room to Read turned to Armanino and Adaptive Insights to foster cross-functional collaboration and to boost efficiency in their organization. Read their story today.

May You Lead in Interesting Times

What is your fundamental state of leadership and how can it help you navigate turbulent times?

Nonprofits and Digital Risks: 6 Questions to Discuss with Your Board

Digital security is more than a technology problem. A strong cybersecurity program starts as a board-level discussion. Learn about the six questions you should talk to your board about now.

Why Your Institution Is at High Risk of Cyberattack, and What to Do About It

In the last few years, cyberattacks have put many of the country’s leading institutions at risk. The largest breaches have affected hundreds of thousands of students, faculty and staff.

Lobbying vs. Advocacy: What’s the Difference?

When is action considered to be lobbying or political activity subject to additional oversight, and when is it simply considered to be general advocacy?

Cybersecurity Assessment for Nonprofits

Armanino's Cybersecurity Assessment Services for Nonprofits help you combat the growing threat of cyberattack and safeguard your reputation, digital assets and customer data.

10 Tips for a Successful IPO or M&A

At Armanino's EVOLUTION conference, a panel of experts discussed what companies need to do to prepare themselves for growth. Here are some of their insights.

How to Turn Big Ideas Into Big Bucks for Your Nonprofit

You’re ready to go after some grant money. You have a strong program and the data to support your approach. Now, you just need to get from the big idea to the big bucks.

The Nonprofit CFO’s Role in Relationship Building

The best CFOs build and maintain cross-departmental relationships. They ensure that the finance team is talking with development—and looking to executive leadership for strategic direction.

How to Detect & Reduce the Risk of Fraud

When it comes to your nonprofit, it is important to be on the lookout for the warning signs of fraud. implementing strong financial controls can help protect your organization.

What Sets Attorneys General on the Warpath Part 2: Excess Benefit Transactions

Nothing raises more ire with your state attorney general than excess benefit transactions—someone in your organization receiving more benefit from a transaction than your nonprofit.

Man Pulling String on Curtains Outside Feature

The FASB has issued the first major changes to the accounting standards for nonprofits’ financial statement presentation. Find out how it will affect your o ...

Kid Dressed As Pilot Against Bar Chart Feature

Your guide to avoiding risk and simplifying the CRM evaluation and implementation process.

Download » download 

24 Hours of Fundraising: How to Maximize Giving Days

Giving Days is a great way for nonprofits to engage donors online and establish new donor relationships that can lead to long-team sustainability. Maximize your opportunities with these t ...

What Sets Attorneys General on the Warpath Part 1: State Registration

One of the quickest ways to raise the ire of a state attorney general is to drop the ball on charitable solicitation registration.

People Meeting At Table Behind Blinds Feature

Executive sessions are a great way for nonprofit boards to have open and honest discussions. However, many nonprofit CFOs wonder when and how executive sessions s ...

There’s No Going Back: Employee Share-Based Payment Accounting

On March 30, FASB published ASU No. 2016-09, Improvements to Employee Share-Based Payment Accounting, which amends ASC 718. We discuss the changes and why you should partner with an expert.

Accounting Update May Change the Face of Your Financials

For the first time in more than 20 years, nonprofit financial statements are getting a face-lift in the form of proposed ASU, Presentation of Financial Statements of Not-for-Profit Entities.

Is Your Board Ready for a New Take on Your Financials?

Your board of directors and audit committee may soon be seeing your nonprofit’s financials in a whole new light, thanks to the ASU currently under deliberation by the FASB.

Standing Microphone In Room Feature

Advocating for causes and issues is a critical part of fulfilling a nonprofit’s mission, but there are key differentiators between advocating and lobbying.< ...

Employee Benefit Plans: 5 Considerations

With 403(b) employee benefits plans, things can get complicated in a hurry. With that in mind, consider these common problem areas that may require some extra scrutiny by nonprofits.

Doing vs. Directing: What’s a Nonprofit Board’s Proper Role?

Often, we see a difference in what a nonprofit board thinks it should be doing versus what it really should be doing. We discuss why problems occur when a board goes beyond its core duties.

Funding Options: A Conversation with Chase Bank

We caught up with Stu Bessieres, VP of Chase Bank’s Government and Not-For-Profit Banking Practice, for a Q&A. He shared his knowledge on funding options for nonprofits seeking to expand.

Donor Advised Funds: Are You Getting Your Share?

Donor Advised Funds (DAFs) continue to be an attractive vehicle of charitable giving. We’ve reviewed DAF-friendly fundraising tips to help your nonprofit maximize donations.

Man Near Ladder Cloud Background Feature

Cloud-based applications can help finance leaders focus on their core work, but they first have to build a strong business case and ...

Man Briefcase Presentation Office Feature

There’s no standard rule-of-thumb, such as reaching a certain head count, that dictates when a company needs to implement an E ...

IPO Blocks on Wood Table Feature

Finance leaders who have been through the process say that as CFOs drive the private-to-public transition, they need ...

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A guide for CFOs and their boards to understanding why quality 409A valuation compliance is important and cost-effective.

X-Ray hands On Cybersecurity Computer Keyboard Feature

To protect themselves and their clients in an increasingly interconnected world, business leaders need to rethink the ...

Nonprofits: Understanding the Business Case for Cloud Financials

Nonprofits looking to manage budget vs. actual spend by project or department can use this straightforward guide to build the business case for a robust cloud financials system. Learn the essential elements of a new s ...

Passing the Baton

Does your organization have key people who are nearing retirement? Is there a concrete plan to replace them? A succession plan is what your nonprofit needs to carry on its mission.

The ROI of CRM: A Tactical Guide to Project Justification & Building Value.

A step-by-step guide to illustrating the value of your next CRM project.

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To make the business case for cloud technology, finance leaders need to quantify benefits in terms of direct savings on hardware, as ...

Joining Forces: How to Harness the Power of a Strategic Alliance

Mergers and acquisitions are traditionally thought of as transactions in the for-profit world, but in the nonprofit industry, they’ve become an increasingly popular venture.

Why Internal Controls Matter for Your Nonprofit

A key to preserving assets is the proper design and implementation of internal controls. This is true from large, well-established nonprofit organizations to the smallest start-up charity.

Cybersecurity Digital Lock Feature

In the minds of many nonprofit leaders, data breaches are the plague of Fortune 500 companies—or at least the Fortune 500s of the nonprofit world. Yet size ...

What Your Board Needs to Know About Nonprofit Accounting

Even board members with business experience struggle to understand nonprofit accounting. So, we’ve outlined the top eight things every nonprofit board member should know.

Man Holding Rolled $100 Bills in Handcuffs Feature

Fraud has always been a concern for nonprofit organizations, and it’s not going away. A recent Association of Certified Fraud Examiners report shows the med ...

Blue Credit Cards Feature

The new rev rec standards kick in for annual reporting periods beginning after December 15, 2018, but nonprofits may begin early adoption in fiscal years beginnin ...

SCOTUS same-sex marriage decision has tax implications for couples and their employer ...

On June 26, the Supreme Court issued a landmark 5-4 decision on same-sex marriage, which will affect tax and estate planning for many couples and also impact their employers.

Man Looking At Watch Feature

On July 9, 2015, the FASB officially deferred implementation of the landmark global revenue recognition accounting standard by one year; IASB followed suit on Jul ...

Judicial Hammer American Flag Feature

On June 25, the Supreme Court upheld the ACA’s premium tax credits for qualifying taxpayers, whether they purchase coverage through a federal or a state exc ...

Calculator With Costs And Pencil Feature

Although the nonprofit sector is taking steps to end the “overhead myth,” many organizations are still measured by their financial ratios and spending ...

Control Levers and Buttons Feature

The new Uniform Grant Guidance (UGG) released by the Office of Management and Budget requires nonprofits to rethink their approach to internal controls and subrec ...

Outsourced Finance and Accounting

Our FMO specialists have worked with hundreds of private businesses and nonprofits over the past two decades. Armanino provides outsourced finance, reporting, accounting and tax services.

Building the Business Case for a New ERP System

Written for CFOs, Controllers and business technology decision makers, this white paper provides a 3-step process to convincing your stakeholders to invest in a new ERP system.

California University Reduces Reporting from Weeks to Minutes

This $52B CA university department has greatly accelerated the financial reporting process and freed up staff to perform key analytical and strategic tasks with customized, cloud-based Adaptive Insights.

Social Services Organization Implements Controls to Help Advance Their Mission

A detailed risk assessment during an annual audit allowed Goodwill to implement control enhancements in the inventory process to better manage its retail stores and improve services to constituents.

Splattered Paint and Paint Brush On Board Feature

Funding is a challenge for arts and cultural nonprofits, yet some have found inventive revenue streams. The bad news: they could be creating unrelated business ta ...

Crowd Funding Red Arrows Feature

From “ice bucket challenges” to Kickstarter campaigns, crowdfunding is redefining how many nonprofit organizations raise money.

Business People at Coffee Reviewing Presentation Feature

When is an endowment not an endowment? If your organization is like many other nonprofits, you may be considering the possibility of a “quasi-endowment&rdqu ...

St. Mary’s School Outsources Financial Reporting to Armanino

Armanino enables school principal to make better spending decisions and increase both the quantity and quality of time she spends on the core mission of educating children.

Chalkboard With Bars and Graphs Feature

Consider internal benchmarks to monitor and detect trends and external benchmarks to ascertain where you’re thriving or lagging behind, based on your peers. ...

Hand Fanning Money Feature

The recently released ACA transition relief period for small employers (those with fewer than 50 full-time equivalent employees) includes 2014 and the first six m ...

Blue Locks With Red Lock Unlocked Feature

Cyber attacks happen across all industries, to companies of all sizes. CFOs need to build and maintain an effective cybersecurity strategy to mitigate digital ris ...

How to Recruit Your Nonprofit’s Next High Performer

It’s an age-old challenge: finding top finance talent when everyone is fishing in the same pool, from your nonprofit peers to deep-pocketed, for-profit corporations.

Medium High Risk Knob Feature

In the nonprofit world, risks are everywhere and unwary organizations can be blind-sided. Consider these key areas of exposure and ways you can protect your nonprofit.

FASB Issues ASU on Pushdown Accounting

On November 18, FASB issued Accounting Standards Update (ASU) 2014-17, giving an acquired entity the option to apply pushdown accounting when there is a change-of-control event.

Black Pencils Erasers With One Red Pencil Tip Thumbnail

AICPA has issued SSARS No. 21, which will help differentiate between when an accountant performs a compilation, engagement or prepares financial statements.

Business Man Writing in Journal Thumbnail

Ensuring your board understands your finances isn’t a luxury. It’s an imperative—not just for the individual board member but also for the ...

Nonprofit: Bits and Pieces

There is a lot of miscellaneous news about the nonprofit industry to report, so I have broken it down into bits and pieces for you.

Ladies Drawn Hand Holding Gold Coin Thumbnail

A fascinating fad … or the next evolution of nonprofit fundraising?

Man Using Magnifying Glass Thumbnail
The Office of Management and Budget (OMB) finalized and released comprehensive new federal grant reform guidelines on December 26, 2013.

The Value of Benchmarking for Nonprofits

On March 26, Armanino hosted a roundtable “Key Reporting and Benchmarking Best Practices for Nonprofits” for top-tier CFOs from the Bay Area’s larger nonprofit organizations.

FASB Provides Private Company VIE Alternative for Leases

FASB has issued new guidance that permits private companies following GAAP to, in some circumstances, elect not to consolidate the financial reporting from variable interest entities that lease propert ...

What about Donor Restrictions?

Recently, an issue arose that brought the issue of donor restrictions into the spotlight. Sometimes nonprofits receive donations with very specific limitations. What’s an organization to do?

IRS Releases Latest Rules On ACA Reporting

The IRS has released a combined reporting form and simplified reporting methods to comply with recent ACA requirements.

2014 Tax Calendar

To help you make sure you don’t miss any important 2014 deadlines, we’ve provided this summary of when various tax-related forms, payments and other actions are due for individuals, employers, businesses and others.

Nonprofits: Preparing for FASB Financial Reporting Changes

A recent survey ranked streamlining financial statements as the most important task on the Financial Standards Accounting Board’s (FASB) agenda over the next three-to-five years.

IRS Update: Final Rules on Investment Income and Medicare Tax

On Nov. 26, the IRS issued final regulations addressing the 3.8% net investment income tax and the 0.9% additional Medicare tax under the Affordable Care Act.

Nonprofits: Seeing Your Way Through Transparency

Since the IRS revised Form 990 more than five years ago to require additional disclosures, transparency has taken center stage with nonprofits.

Safety Net Essentials: Now More Than Ever, You Need Operating Reserves

Many nonprofits lack sufficient operating reserves to cover three months of expenses—the minimum level many experts consider necessary to maintain financial stability. 

5 Simple Steps to a Better Nonprofit Budget

Preparing your nonprofit’s annual budget is probably one of the least appealing parts of your job. Following these five simple steps can help make the process a little less painful.
 

Investing the Other 95%

You’ve met the 5% Minimum Distribution Requirement. Now, what do you do with the other 95%?

Going for the Gold: Apply Solid Grant-Writing Techniques to Your Quest

Competition for grants is high. So, if your nonprofit is to become a grant recipient, your proposal will need to shine.

Effective Date for ACA Reporting Pushed Out One Year

The IRS has issued guidance on the recently announced delay in implementation of the Affordable Care Act’s information-reporting provisions and its employer shared-responsibility provision.

Supreme Court’s Decision Provides Many Same-Sex Couples Tax Savings

The U.S. Supreme Court’s decision in United States v. Windsor means that many same-sex married couples will be treated as married for federal tax purposes. 

Supreme Court: Decision Affects Tax and Benefits for Same-Sex Married Couples

On June 26, the U.S. Supreme Court issued two landmark decisions that could dramatically affect tax and estate planning for same-sex married couples.

Nonprofits: Make Your Mark by Benchmarking

Nonprofits that incorporate financial benchmarks into their operations are better at anticipating negative financial trends and may even see revenues climb, expenses drop and efficiencies improve.

Fundraising Events and Deductibility

We’re dusting off a couple of classic Revenue Rulings (Rev. Rul.) and moving them to the front of the shelf: Rev. Rul. 67-246 and Rev. Rul. 89-51. Each provides guidance that is as relevant today as when it was iss ...

Internal Controls: Make Your List and Check It Twice

Nonprofits that don’t exercise constant vigilance in adhering to internal controls open the door for fraud.

IRS Controversy Continues: So What’s the Big Deal?

Most law firms have really smart lawyers doing really good legal work but, with all the challenges, external pressures, need for change and innovation isn’t it time to consider hiring a CEO?

Nonprofits Aren't “Exempt” from ACA Penalties

If your nonprofit has not evaluated its potential costs related to the employer health care mandate (effective January 1, 2015), do not delay any longer.

Internal Controls Fight Technology-Related Fraud for Nonprofits

The ability to accept and make online payments and maintain databases with detailed profiles of constituents offers obvious benefits to nonprofits, but it may also be subject to fraud attempts that can dodge your traditi ...

Disclosure of Uncertain Tax Positions: Are You in Compliance?

As a tax-exempt organization, you might think that the subject of “uncertain tax positions” doesn’t apply to you. Think again.

Sequester Cuts Take Effect

On Friday, March 1, President Obama signed an order required by law to set into motion the automatic federal government spending cuts known as the “sequester” which could have sweeping effects across a var ...

IRS Expands Relief Program for Employers with Misclassified Worker

In 2011, the IRS launched the Voluntary Classification Settlement Program (VCSP) that allows eligible employers to voluntarily reclassify workers as employees, rather than independent contractors, for future tax periods.

Employers, Are You Planning for the Health Care Mandate?

If your business has not evaluated its potential costs related to the employer health care mandate, do not delay any longer. 

Failure to Plan for the Health Care Mandate Can Cost Big $$$

Starting in 2014, employers can be subject to significant penalties if health care plans don’t “measure up” based on the ACA’s standards.

How the Fiscal Cliff Deal Affects Your Financial Statements

The American Taxpayer Relief Act of 2012 (ATRA) preserved lower income tax rates for most individual taxpayers and made many other income and estate tax law changes. It also extended a number of business tax breaks. LEARN MORE » 

IRS Provides Guidance for New 3.8% Tax on Net Investment Income

Recently, the IRS issued proposed regulations regarding the new 3.8% net investment income tax (NIIT, also known as the Medicare contribution tax) that was created by the Health Care and Education Reconciliation Act of 2 ...

Imagine There’s No Excel

With the rise of analytics and Big Data, replacements for Excel are proliferating and CFOs of companies large and small are beginning to pay attention.

Adaptive Reporting

Adaptive Planning and Adaptive Consolidation deliver powerful interactive reporting as a standard feature. No programming or special skills are required to use the simple drag-and-drop interface, so users of all kind ...

Adaptive Planning

Adaptive Planning is the market leader in cloud-based budgeting, forecasting, and reporting. Take advantage of rich functionality and an easy-to-use interface with the world’s ...

Adaptive Consolidation

Intuitive, built for the cloud, and easy to use, Adaptive Consolidation enables organizations to consolidate their financials accurately and efficiently with a fraction of the resources required by traditional enter ...

Adaptive Discovery

Adaptive Discovery provides visual analytics that empower executives, line-of-business managers, finance and more with timely insight, self-service analysis and reporting, all in the cloud.

IRS Releases Guidance on Health Care Act’s “Play or Pay” Provisions

The IRS has issued extensive proposed regulations implementing the employer-shared responsibility provisions, also known as “play or pay,” of the Patient Protection and Affordable Care Act of 2010.

Final Tangible Property Regulations Incoming

On November 20, 2012, the IRS and Treasury Department issued Notice 2012-73 alerting taxpayers to expect final regulations regarding the deduction and capitalization of expenditures related to tangible property in ear ...

When is Non-Profit Income Taxable?

Your 501(c)(3) organization generally is required to pay tax on income that isn’t related to its main purpose — even if that income keeps the not-for-profit afloat.

Checklist for an Effective Non-Profit Audit Committee

Unless you’re a small nonprofit with no outside audit, it’s likely that your organization has an audit committee.

As Easy as 1, 2, 3: M&A Goes Smoother with a Financial Expert on Your Side

Mergers and acquisitions (M&A) transactions can be daunting endeavors for both buyers and sellers.

Considerations When Donating Appreciated Property to Charity

The tax law imposes stringent requirements for deducting charitable gifts of property. If you don’t observe all of them, your tax deduction might be reduced or even eliminated.

Election Results Leave Much Uncertainty About Tax Law Changes

President Obama’s reelection combined with Senate and House election results that leave both chambers of Congress at nearly the status quo means that much uncertainty about tax law changes remain.

IRS Releases 2013 Cost-of-Living Adjustments Related to Retirement Plans

On Oct. 18, the IRS released 2013 cost-of-living adjustments related to retirement plans. The adjustments can enhance your ability to benefit from IRAs and qualified retirement plans such as 401(k) plans and defined bene ...

Expiring Laws, Election Year Complicate 2012 Year-End Tax Planning

Most 2012 income tax rates are scheduled to increase in 2013, and many tax breaks are set to expire.

Some Clarity After Supreme Court Ruling on the Affordable Care Act

On June 28th, 2012, the Supreme Court upheld the Affordable Care Act by a 5 to 4 vote, saying that the Act’s requirement that American’s obtain insurance or pay a penalty was authorized by Congress’s po ...

Nonprofits: Impressing Your “Suitors” With Financial Information

Attracting funding organizations and large individual contributors to your nonprofit is a little like finding a spouse — you want to create the best impression in the hope that the other person will find yo ...

Does Your Board “Get” Your Financials?

For nonprofit executives and board members, accurate, relevant and timely financial information is key to making good decisions.

Are Your Clients Prepared to Handle a Fraud Disaster?

Disaster contingency plans enable businesses to protect employees, minimize losses, and get up and running again as quickly as possible.

Supreme Court Upholds Health Care Law: What Do Businesses Need To Do Now?

June 28th’s U.S. Supreme Court ruling has drawn attention to the far-reaching provisions of the Patient Protection and Affordable Care Act of 2010.

Treasury Releases Model Intergovernmental Agreement On Foreign Asset Reporting

The U.S. Department of the Treasury has issued a model intergovernmental agreement to implement the information reporting and withholding tax provisions of the Foreign Account Tax Compliance Act (FATCA).

CFOs Can and Should Lead Innovation Revolution

Do CFOs see themselves as innovators? They should according to Tapan Munroe, a veteran economist, prolific author and thought leader on innovation. Munroe, who served as chief economist at Pacific Gas & Electric C ...

Nonprofits, I’m Looking Through You

Is too much transparency a bad thing? And how does any organization reveal its inner workings without inviting misunderstanding or drawing criticism?

New Software Reduces Risk of Running Over Budget

CFOs say they want to deploy new leading edge technology, but cite budget constraints as a barrier to obtaining their most desired technology. That's one of the findings from Armanino's 2012 CFO Benchmark Study.

Storytelling: A Fundamental Skill of Business Leaders

Imagine you're CFO of a startup on the hunt for funding and one day you get into an elevator, the doors shut, and you realize you're alone with the head of a well-known venture capital firm. You have maybe 40 seconds ...

Nonprofit Operating Reserves: Checking Your Safety Net

During the last recession many nonprofits turned to their operating reserves to keep from going under. As your nonprofit prepares for those inevitable hard times in the future, you need to be clear about which — ...

Mixed News on Misclassification of Workers

Federal and state tax authorities say they lose many millions of dollars in revenue due to the misclassification of workers.

Is your Nonprofit Vulnerable to Fraud?

Recently, an Idaho woman was sentenced to prison for embezzling $1.3 million from the nonprofit drug and alcohol treatment organization where she had worked as a bookkeeper.

Ease on Down the Road: 5 Tips for Making your Nonprofit Audit Less Stressful

Do you bite your nails before your nonprofit's external audit each year? Here are five tips for making the audit experience run more smoothly for you and your auditors.

IRS Issues Guidance on Expanded Work Opportunity Credit

The IRS released guidance and forms that employers can use to claim a tax credit for hiring veterans that explains the expanded Work Opportunity credit.

Leading Change in Process Improvement

According to Armanino’s 2012 CFO Evolution Benchmark Survey, Bay Area CFOs say the greatest organizational risk facing their companies is the failure to improve operational processes.

The survey results a ...

Dueling for Dollars

Potential funders have their inboxes stuffed with appeals from worthy causes in need of funds. It is essential that an organization’s financial information create a good first impression.

Payroll Tax Relief Extended Through Year End

In December, Congress was able to pass only a two-month extension of payroll tax relief — on the condition that Senate and House conferees be appointed to work on a full-year extension.

Back to the Future: Rely on Financial Statements to Make Decisions for the Future

Is your organization analyzing the RIGHT timely data to make business decisions and plan for the organization’s future?

Shining for Your Board

Are you a value creator or a score keeper? Okay, maybe both, but CFOs have indicated through our annual benchmark study that they’d like to spend much more of their time creating value. They also indicated they&rsq ...

For Major IT projects, It's All About Scope

If you're a CFO who manages IT and you have a project on the horizon, you're probably aware that most major IT projects run over budget and time - sometimes way over. Comprehensive IT initiatives touch so many functio ...

IRS Offers Employers a Break on Misclassified Workers

The IRS has announced a new program that allows eligible employers to voluntarily reclassify workers as employees, rather than independent contractors, for future tax periods.

New Reporting Requirements for Tax-Exempt Hospitals are Quickly Approaching

As of 2006, almost 59% of hospitals in the U.S. were tax-exempt under IRC Section 501(c)(3) (organized and operated exclusively for “charitable” purposes). 

Benefitting the Kids and Charity with One Powerful Strategy

For an individual searching for a powerful wealth transfer device and a charity searching for current cash flow, now is the perfect time to utilize a Charitable Lead Annuity Trust (CLAT).

New Business Intelligence Tools Can Help You Outperform Your Peers

An article in Forbes magazine recently noted that the collection and analysis of data is becoming a "key way for leading companies to outperform their peers." We think that nothing could be truer. The more refined and ...

Challenges Facing 403b Plans

The implementation of the 403b audit requirement placed a new focus on compliance, requiring all ERISA–covered plans with 100 or more eligible participants at the beginning of the plan year which file a for ...

Reducing the Budget Risks

As Saver-in-Chief of your organization, you as the CFO know exactly where the dangers to the corporate budget lurk.

Your business might be labor-intensive (like a law firm) or asset intensive (like a leasing co ...

CFOs are Ideal Leaders for Transformative Change

For executives at startup companies, maintaining open channels of communication between departments is often as easy as walking down the office hallway to ask a question.

But as companies grow in size and dispe ...

FASB Issues New Standards for Fair Value Measurement and Disclosures

In conjunction with the International Accounting Standards Board (IASB), the Financial Accounting Standards Board (FASB) on May 12 issued new standards for public and private companies on fair value (FV) measurement a ...

Congress Repeals Expansion of Form 1099 Reporting

Congress has repealed provisions in last year’s Patient Protection and Affordable Care Act (PPACA) and the Small Business Jobs Act (SBJA) that expanded the mandatory filing of Form 1099.

Evaluating Charities – a Grantmaker’s Perspective

Donations are the life blood of many charities. Financial data can be a valuable tool for charities that are trying to demonstrate the effectiveness of their organization or for grantmakers who are deciding where to give ...

A Look at Cloud Computing: Risks and Rewards

Cloud computing is all the rage these days, but what does this new trend really mean for your business?

The Return of a Stable Economy Could Pose New Business Risks

The markets are up. Companies are hiring again. And while it’s good news that earnings and profitability are up, for many companies there are still headwinds and concerns in the marketplace. One of those concern ...

Mergers & Acquisitions: A Strategy for Nonprofit Survival?

Nonprofit organizations (NPOs) are competing for a smaller number of government grants during the economic recession significantly impacting and restricting not only the industry’s ability to expand services but ...

CA Franchise Tax Board Steps Up Enforcement of Nonresident Withholding Rules

If you are a California company that pays a nonresident of California income from sources in California, you may potentially have to withhold and send the Franchise Tax Board (FTB) seven percent of all payments that e ...

Tracking the Budget One Dollar at a Time

It stands to reason that no one understands a company’s financial picture better than the CFO. But what if the entire management team could grasp where the money was coming from and where it was going – in ...

Tax Relief Act Offers Many Income-Tax-Saving Opportunities for Individuals

The extension of the lower income and capital gains tax rates was set to expire Dec. 31, 2010, along with significant reductions to the estate tax, has probably received the most media coverage.

How will the Tax Relief Act Affect your Estate Plan?

There’s been much speculation as to what Congress would do about the 2010 estate tax repeal and the scheduled 2011 return of the tax at higher rates and a lower exemption.

Tax Relief Act Provides Businesses with Enhanced Investment Incentives

The Tax Relief, Unemployment Insurance Reauthorization, and Job Creation Act of 2010, passed by the Senate Dec. 15 and the House Dec. 16, may be best known for extending lower income and capital gains tax rates for in ...

What Contributes to the Success of an ERP Project: Software or Implementation?

While almost all ERP buyers spend a great deal of time analyzing the functional differences between competing products, they seem to spend very little time scrutinizing how each product will be implemented. LEARN MORE » 

Improve Decision Making Effectiveness

Last month, Armanino sponsored the CFO Rising conference hosted by CFO Magazine in Las Vegas.

Lodging Provided to Employees: Taxable or Not?

The IRS has definitive rules for whether or not lodging is a taxable event to the employee. Special rules exist for educational institutions and will also be discussed.

Is the IRS About to Focus on UBIT and Political Activity?

Former IRS exempt organization director, Marcus Owens predicted at a tax-exempt conference that the IRS’s next compliance check questionnaires are likely to address UBIT and possibly political activity.

Stimulus Act Provides Businesses Tax-Saving and More

On February 17, 2009, President Obama signed into law the American Recovery and Reinvestment Act of 2009 (ARRA). The nearly $800 billion act’s government spending initiatives and tax incentives for private ...

Contract Audits Can Add Pure Profit to the Bottom Line

Some companies have recovered as much as a 16% increase to their bottom line when having contract audits performed.

Nonprofit Form 990 and Plan 403(b) Receive Makeovers

In 2009, nonprofits will need to look more closely at their Form 990 and 403(b) plans. And when they do, they will find plenty of people looking over their shoulder.

Think your life insurance proceeds are income tax free? Maybe not, under new rules

One of the key income tax benefits of life insurance policies is that, in general, proceeds received by the beneficiary on the death of the insured are excluded from income ...

Nonprofits, It’s Time to Re-examine Your Endowment Funds

Changes are now firmly in place for endowment funds. With all these rules now in play, it’s time to relook at just how you’re handling your endowment funds to ensure you’re in compliance with both. LEARN MORE » 

FASB Implements the New Codification of Accounting Standards

Your company’s financial statements are being held to a new standard, and it’s a standard that you may not know about. The landmark change has received little fanfare but is critical for companies as they ...

Low Inflation Adds Up To Meager Cost-Of-Living Adjustments for 2010

On October 15, 2009, the IRS released various rates, limits and other inflation-indexed amounts for 2010. Not surprisingly, given low inflation (deflation in some cases), many amounts will be the same for 2010 as they ...

FASB Codifies New Rules for Consolidation of VIEs

With its recent Accounting Standards Update (ASU) 2009-17, Consolidations (Topic 810): Improvements to Financial Reporting by Enterprises Involved with Variable Interest Entities, the Financial Accounting Standards Bo ...

Donating to Haiti Relief Efforts? You may be Eligible for a 2009 Tax Deduction

On January 20, the House of Representatives passed legislation permitting taxpayers to deduct certain 2010 charitable contributions for Haiti disaster relief on their 2009 tax returns, rather than on their 2010 returns, ...

FASB Expands Fair Value Disclosures

On January 21, 2010, FASB issued Accounting Standards Update (ASU) 2010-06, Improving Disclosures about Fair Value Measurements. The ASU reports on new disclosure requirements — and clarifications of existing re ...

IRS to Increase Investigations of Nonprofit Hospitals and Other Exempt Orgs.

Federal tax authorities in February 2010 launched an initiative to expand its scrutiny of the employment tax practices of nonprofit hospitals and other tax-exempt organizations, and Armanino experts say the initiative ...

Will the HIRE Act Benefit Your Business?

On March 18, 2010, President Obama signed into law the Hiring Incentives to Restore Employment (HIRE) act. The act provides tax incentives that will help many companies grow their businesses as the economy recove ...

Fraud May Come From Those You Least Suspect It

When finding ways to increase an individual's income to make ends meet proves difficult, a convenient way to relieve financial stress is through fraud.

How Health Care Reform will Affect Your Tax Bill

On March 23, 2010, President Obama signed the Patient Protection and Affordable Care Act, representing a sweeping overhaul of the U.S. health care system. Here’s an overview and its major tax-related provis ...

Nonprofits: New Reporting Requirements for Tax-Exempt Bonds

Did your nonprofit organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If your organization fil ...

The Importance of Maintaining Adequate Nonprofit Operating Reserves

Maintaining adequate operating reserves is important for nonprofit organizations. In recent years, the significance of maintaining operating reserves at levels adequate for achieving financial stability has become an ...

The Push for Global Accounting Standards: Big Changes in the Works

In an increasingly global economy, most financial experts agree that a single, high-quality set of international accounting standards would provide significant benefits. There's less consensus, however, on how to get the ...

IRS Guidance: New Small Employer Tax Credit for Health Insurance Expenses

The Patient Protection and Affordable Care Act (PPACA), signed into law in March, offers a valuable new tax credit to eligible small businesses and nonprofits that provide health coverage to their employees.

Small Tax-Exempt Organizations Can Benefit from ACA

On March 23, 2010, President Obama signed into law the Patient Protection and Affordable Care Act. The new law gives small tax-exempt organizations that provide health care coverage to their employees eligibility for ...

Why is IRS Having a Problem with Companies Using Independent Contractors?

Back taxes, substantial IRS penalties and interest are issues that companies never want to face, but the ongoing recession could increase the likelihood that they will.

Excessive Compensation: Can You Satisfy the Rebuttable Presumption?

A recent New York Times article put the spotlight on the generous compensation enjoyed by two executives at the nonprofit Young Adult Institute, prompting the state government to seek compensation data at other ...

Upcoming Events

Webinar 12/20

Effects of the Tax Cut and Jobs Act

During the webinar, our tax experts will review several provisions of both the House and Senate bills that may impact fa ...

Blogs

November 16, 2017

Armanino Foundation Turns 1: What We’ve Learned

There’s nothing like real-world experience to drive home what works and what doesn’t. When we created the Armanino Foundation in fall of 2016, we g...

October 04, 2017

Looking for Better Decision Support in 2018? Consider Software Solutions in These 3 Areas

Nonprofits need realistic numbers on which to base sound operational and strategic decisions, and financial software that is tailored to the indust...

June 28, 2017

Telling Your Liquidity Story

Donors and grant makers rely heavily on financial statements when making endowment and contribution decisions. But until now, financial statement u...

May 30, 2017

8-Step Checklist: Get Ready for the New Rev Rec Rules

The last few years have brought an avalanche of changes to how nonprofits report their financial results. While you likely are already deep in the ...

May 15, 2017

Navigating Risk in Today’s Dynamic Environment

For the past five years, Armanino has brought you our annual Nonprofit Symposium—a free, half-day event for nonprofit industry leaders that offers ...

April 10, 2017

Another Slow-Motion Car Crash for the Nonprofit Sector?

From the vantage point of a Southern CA accounting firm with a diversified practice including mortgage lenders and real estate developers, there we...

March 10, 2017

When Should You Pursue Pledged Donations From an Estate?

Duke University suffered a heavy blow to goodwill—and to its cash flow for years to come—due to public backlash over the school’s legitimate claim ...

December 19, 2016

How to Manage Your Grant Reporting

A nonprofit may have dozens―or even hundreds―of private grants, with reporting requirements that can run the gamut from simple to wildly complex. W...

November 17, 2016

Bring the Meeting to Order: 7 Steps for Choosing the Right Board Portal

There’s no getting around it: Preparing for a board meeting can be ponderous—and expensive—for a nonprofit. Someone has to print, collate and distr...

November 07, 2016

Last Call: Top 6 Reasons to Attend EVOLUTION

EVOLUTION is happening this Thursday, November 10 and it’s not too late to register! This free, one-day event for business leaders offers education...

October 03, 2016

Register Now for Armanino’s EVOLUTION 2016 – Growth Through Innovation

Back for its second year on November 10, Armanino will host EVOLUTION 2016—a free, one-day event for business leaders that offers education and net...

September 22, 2016

Innovation: A Must-Have Tool for Nonprofit CFOs

Innovation is must-have equipment in the toolbox of CFOs operating in the nonprofit sphere. That’s the message from a panel of nonprofit executives...

September 08, 2016

Nonprofit Symposium Recap: How to Streamline Your Fundraising

Although fundraising is critical to nonprofits’ success, many don’t have the right finance infrastructure to support it. To better serve their miss...

August 31, 2016

Armanino Nonprofit Symposium: Why Nonprofits Hire an Outsourced CFO

Organizations choose to outsource their CFO for a number of different reasons. Some of these are easy to measure, but others are more intangible, a...

August 25, 2016

The Brighter Side of Nonprofit Collaboration

Many nonprofits shy away from collaboration and partnerships for many reasons such as overlap of initiatives, the competition for grant funds and l...

August 22, 2016

Playing Keeps: What to Do When Donors Change Their Minds

There are no take-backs in fundraising, right? Wrong. Contrary to what your development team might believe, donors can and do ask for their money b...

August 08, 2016

Nonprofit Symposium Keynote Recap: Influence Sustainable Change

Nonprofit finance leaders may not see themselves as architects of change in the sector. But as nonprofit organizations continue to struggle with sy...

June 28, 2016

Rethinking Sustainability: A Focus on Flexibility, Efficiency & Impact

For the past four years, Armanino has brought you our annual Nonprofit Symposium—a free, half-day event for nonprofit industry leaders that offers ...

June 17, 2016

New Overtime Rules: The Impact on Nonprofits

The Fair Labor Standards Act is making big changes to the minimum wage and overtime protection laws, impacting nonprofit organizations nationwide. ...

May 31, 2016

Ransomware Attacks Put Hospitals on Alert

In the past few months, more than a dozen hospitals nationwide have had to fight a different kind of cybersecurity threat. Hollywood Presbyterian M...

May 24, 2016

Best Practices for Nonprofits with Multiple Locations

Whether you call them affiliates, chapters or just the “downtown location,” the reality is nonprofits seeking to expand their impact often expand t...

April 05, 2016

Why Nonprofits are Demanding More from their Software

When it comes to your nonprofit’s fundraising goals, having top software programs and tools to streamline your efforts are increasingly important t...

April 04, 2016

Gearing Up for a Higher Minimum Wage: Part 2

Is Your Nonprofit Ready For Higher Minimum Wages? In the first part of this blog series, we looked at the impact of Los Angeles County’s new minimu...

April 01, 2016

Gearing Up for Higher Minimum Wage: Part 1

Living Wages and Your Nonprofit In theory, the new minimum wage laws being adopted by an increasing number of California municipalities should be s...

February 19, 2016

It’s Checkup Time for Nonprofits

Most nonprofit organizations have passed the halfway mark of the fiscal year, which makes this an excellent time for a financial checkup. How are y...

December 14, 2015

Elevating the Role of the Nonprofit CFO: Board Governance

Nonprofit industry veteran Marilyn Gardner recently shared her thoughts with us on the changing role of the Chief Financial Officer at a recent Arm...

December 11, 2015

IRS Proposal: Nonprofits Should Collect Donor Social Security Numbers

The Internal Revenue Service (IRS) has proposed a rule change that would allow nonprofit organizations to collect social security numbers for donor...

November 30, 2015

Kicking off December with #GivingTuesday

Now in it’s fourth year, #GivingTuesday falls on December 1 this year. We wanted to share a little bit about the history of a day we know has...

August 25, 2015

Nonprofit State Registration: Know the Facts

Many nonprofit finance teams have questions concerning state registrations: “Why do we have to register?  Where do we need to register?  How often ...

June 25, 2015

Nonprofit Symposium | Renovating the Nonprofit Approach to Finance

Now in its fourth year, Armanino’s Nonprofit Team is pleased to host our annual Nonprofit Symposium on July 15, 2015, at the Hotel Nikko in San Fra...

May 27, 2015

Aging and the Digital Age

Armanino’s Nonprofit Practice would like to thank Saeed Mirfattah for providing this blog post on behalf of the Institute on Aging. We hope y...

March 31, 2015

A Lesson in Status: Learn from Insurer’s Tax Woes

The Los Angeles Times reports that the nonprofit Blue Shield of California—the state’s third-largest health insurer—has been stripped of its ...

January 12, 2015

Five Executive Directors Went for a Walk

At a recent retreat of the Alliance of Arizona Nonprofits, an apocryphal tale made the rounds and helped frame the discussion. Here’s the way Mark ...

December 15, 2014

5% of Total Revenue: The Cost of Fraud

Whether it’s misappropriation of funds, corruption, kickbacks or filing misleading financial statements, fraud is costing businesses 5% of total re...

November 22, 2014

Reports Show Foundations Lead the Way as Nonprofit Sector Continues to Grow

Back in 2012, America was slowly climbing out of the Great Recession, and foundations were leading the way by distributing a then record $52 billio...

November 10, 2014

Not All States Are Equal: Fundraising Campaigns and Professional Solicitors

Many of America’s largest and best-known nonprofits trace their success, at least in part, to fundraising campaigns handled by professional solicit...

October 31, 2014

Benchmark your way to donors

Nonprofit CFOs have a responsibility to be their organization’s fiscal educator. In fact, an estimated 75%  of the staff at any nonprofit does...

September 24, 2014

Treasury report shows nonprofits face back tax scrutiny

A new report from the Treasury Department’s inspector general paints a clear target on nonprofit organizations that haven’t been paying their taxes...

September 17, 2014

Fraud takes a bite out of nonprofit revenue

A new report puts some important detail on an unfortunate truth: Fraud is a major drag on business. Overall, fraud is costing business 5% of gross ...

September 08, 2014

Unrelated Business Income: Tax-Exempt Revenue Can Hang By a Thread

The term ‘unrelated business income’ sounds innocuous on the surface, a kind of catchall for items accountants can’t categorize. For the nonprofit ...

September 03, 2014

Nonprofits: Go Beyond Storytelling

In the ongoing effort to engage donors, nonprofits have been developing a renewed appreciation for storytelling. But is storytelling alone enough t...

August 11, 2014

Should Your Nonprofit Cash in on Cryptocurrency?

A fascinating fad…or the next evolution of fundraising? Seems it’s what everyone is asking these days about the Bitcoins, Dogecoins and Peercoins o...

July 02, 2014

Study suggests more female leadership needed in nonprofits

A recent Harris Poll of 644 women working in the nonprofit sector found 40% of those working at large nonprofits* felt that their organizations did...

June 24, 2014

An Affordable Care Act Update for Nonprofits

The Internal Revenue Service (IRS) has streamlined the reporting burden for employers under the Affordable Care Act (ACA)—but only if companies qua...

May 12, 2014

Understanding recent OMB grant reform

After urging by grant recipients and two presidential directives, the Office of Management and Budget (OMB) has issued more than 100 pages of revis...

April 28, 2014

Program evaluation is worth the effort

For many nonprofits, the day-to-day struggle to keep the motor running has sapped the energy and enthusiasm for asking the most important question:...

March 28, 2014

Nonprofits: Start small when it comes to big data

You’ve probably heard a current tech term that has been making the rounds: Big Data. For people in nonprofit leadership roles, it’s an important co...

March 21, 2014

Transparency guide for small-to-medium nonprofits

It’s been four years since the Foundation Center launched its Glasspockets initiative to encourage transparency in the nonprofit sector. The roster...

February 12, 2014

Nonprofit ‘diversions’ face scrutiny

Congress recently launched an investigation into nonprofit finances after a Washington Post investigation revealed widespread under-reporting of lo...

January 31, 2014

Focus on transparency and messaging

Prospective donors are constantly reminded to check what percentage of their donations goes to programs as opposed to administrative costs. And it’...

September 23, 2013

Same-Sex Married Couples: The IRS ruling treats as married for all federal tax purposes

On Aug. 29, 2013 the IRS issued Revenue Ruling 2013-17 clarifying that same-sex couples married in jurisdictions recognizing same-sex marriage will...

September 13, 2013

Unrelated Business Income (UBI) and Sponsorships

We received a few questions regarding Sponsorships during our webinar presentation on September 5th entitled: “Unrelated Business Income (UBI...

August 08, 2013

We Need To Change The Way We View Nonprofits

While watching a video a friend sent me on how to tie your shoes, I came across this video by activist and fundraiser Dan Pallotta. His talk provid...

August 05, 2013

Armanino’s 2013 Nonprofit Symposium Recap

I mentioned in one of my previous blog posts that many nonprofits that I work with see the value of technology in improving their organization’s ef...

June 03, 2013

Is IKEA a Nonprofit?

IKEA is a nonprofit. Really?  This interesting video produced by the folks at OnlineMBA.com will make you think so. As it turns out the p...

May 22, 2013

Nonprofits are not “exempt” from the ObamaCare employer mandate penalties…

That’s correct, if your organization has not evaluated its potential costs related to the employer health care mandate (effective January 1, 2014),...

May 10, 2013

Accounting & Auditing Guide, Not-for-Profit Entities – Not just for the Auditors!!!

The AICPA has released a new, greatly enhanced accounting and auditing (A&A) guide for the non-profit industry. The A&A guide is a staple r...

May 01, 2013

IRS’ List of “Dirty Dozen”

The IRS has released its annual list of “Dirty Dozen” tax scams for 2013. This list provides a variety of common scams taxpayers can encounter at a...

March 14, 2013

Charity Navigator Cracking Down on Allocation of Expenses

We all know the IMMENSE role an organization’s financial statements and 990 play when telling the financial story of an organization.  Prospe...

February 26, 2013

Alex Smith’s Foundation Receives Praise

Alex Smith showed a lot of character and class handling his demotion from starting quarterback of the San Francisco 49ers; however, he has also bee...

February 19, 2013

OMB Proposes Major Changes to Circular A-133

The U.S. Office of Management and Budget (OMB) has issued for comment, proposed guidance on OMB Circular A-133, Audits of States, Local Governments...

February 11, 2013

Effective Social Media = Effective Fundraising

New Methods for Effective Fundraising: What can Non-Profits do to better engage their donors? Simple, incorporate social media into their fundraisi...

November 08, 2012

How Nonprofits May be Impacted by President Obama

Congratulations to Barack Obama for successfully securing his second term as president of the United States.  President Obama certainly has a ...

October 12, 2012

Our Exempt Status Has Been Revoked – Now, What Do We Do?

Under the Pension Protection Act of 2006, if a tax-exempt organization fails to file a return (990. 990-EZ or 990N) for three consecutive years, th...

October 02, 2012

San Francisco Health Care….is your NPO in compliance?

Effective January 9, 2008, the San Francisco Health Care Security Ordinance (SFHCSO) requires Covered Employers to spend a minimum amount of money ...

September 10, 2012

Annual Nonproft Tax Update- What’s new, The IRS’s current focus, Mistakes to avoid

You missed our popular nonprofit tax webinar?  Don’t worry, here is the link: http://www.amllp.com/webinar-archive Topics we covered tha...

August 07, 2012

Donation of Beds from Olympic Opening Ceremonies and Other Ways to Help Nonprofits

If you watched the Olympic opening ceremonies, you may remember kids jumping on trampoline beds. The 320 beds used in that scene are now being dona...

August 01, 2012

Email and Internet Users Beware

Like most organizations, email and internet usage in non-profit organizations has steadily been on the rise for the past couple decades. It is ther...

July 19, 2012

Issues & Insights: Is Your Nonprofit Vulnerable to Fraud?

Recently, an Idaho woman was sentenced to prison for embezzling $1.3 million from the nonprofit drug and alcohol treatment organization where she h...

July 19, 2012

Issues & Insights: Defective Letter Acknowledgement Bars Charitable Contribution Deduction

One would think that a cancelled check would be proof enough for the IRS that a charitable donation had been made. But if the donation is more than...

July 19, 2012

Issues & Insights: Operating Reserves: Checking Your Safety Net

During the last recession many nonprofits turned to their operating reserves to keep from going under. As your nonprofit prepares for those inevita...

May 29, 2012

Is the IRS making changes to the review process of the Form 990?

At a recent nonprofit conference on April 19, Lois Lerner, Director of the exempt organization division of the IRS, commented by saying, ...

May 14, 2012

AIDS Funding Cuts in San Francisco

San Francisco is recognized nationally as having one of the best models of care for people living with AIDS and HIV and those at highest risk of in...

May 08, 2012

Are all charitable gifts deductible? Some are and some are NOT! Make sure you know the difference.

Simply put – donate to a qualified charity or non-profit organization and get a tax deduction. It’s that simple. Or is it? In general, ...

April 25, 2012

New Schedule K-1 Reporting Requirements and New PRI Regs.

If your organization is a partner in a partnership, every year the partnership issues a Schedule K-1 to your organization. The Schedule K-1 perform...

April 19, 2012

Audit Committees: Roles & Responsibilities

Does your not-for-profit organization (“NPO”) have an audit committee? NPOs subject to the Non Profit Integrity Act (SB1262) are requir...

April 16, 2012

Unemployment Tax……You Have Options

A legal option available nationwide since 1972 allows nonprofits to opt out of their state’s unemployment tax system. In all states, 501(c) (...

March 19, 2012

Garth Brooks

You are very likely asking yourself right now what in the world does Garth Brooks have to do with nonprofit accounting and why is he the title of t...

March 08, 2012

Charitable Giving: Knowing when to say “No Thanks”

As the economy improves, many nonprofits are already experiencing boosts in charitable giving. As such, organizations are looking at ways to streng...

February 22, 2012

The Importance of Functional Expense Presentation to Your Organization

Why is the presentation of Functional Expenses so important to your organization? Well, if you are one of the thousands of non-profit organizations...

February 06, 2012

Fundraisers; Staying Compliant with California’s Rules and Regulations

Raffles, auctions and various types of sales are a popular way for many nonprofits to raise funds for charitable purposes. And while everybody wins...

February 02, 2012

Are your exempt organization’s payroll practices in compliance? Part lll

IRS Issues Taxable Fringe Benefit Guide Last fall I blogged about the IRS’s Employment Tax National Research Program where 6,000 companies (includi...

February 02, 2012

Creativity in Non-Profit Fund-raising

The good news is that there appears to be positive economic signs trickling in suggesting things are getting better. The continued news is there ar...

December 22, 2011

Charitable Giving – Tis the Season ….

As we approach the end of the calendar year, philanthropic giving increases as individuals look to make the last of their charitable donations for ...

December 16, 2011

Issues & Insights: Benefitting the Kids and Charity with One Powerful Strategy – The Charitable Lead Annuity Trust

This article addresses only the use of a qualified charitable lead annuity trust as a wealth transfer device. There are a number of other possible ...

December 15, 2011

Issues & Insights: IRS Offers Employers a Break on Misclassified Workers

The IRS has announced a new program that allows eligible employers to voluntarily reclassify workers as employees, rather than independent contract...

December 08, 2011

Non-Profit Business Intelligence – Don’t Miss Out

In a world of ever-changing technology and rapid paced work and life commitments, most managers and board members are looking for ways to improve t...

December 06, 2011

Issues & Insights: Nonprofits More Susceptible to Fraud for a Variety of Reasons

Got an employee who never takes a vacation? Does your controller always bring you invoices to sign at the end of the day on Fridays as you’re prepa...

November 03, 2011

Update on Recovery Act Funding

On February 17, 2009, Congress passed the American Recovery and Reinvestment Act of 2009. The Recovery Act’s three immediate goals are to create ne...

October 28, 2011

Private Foundation Tax Planning

With the uncertain political climate in Washington around deficit reduction, including one proposal to lower the charitable deductions cap, it is i...

October 21, 2011

Are your exempt organization’s payroll practices in compliance? (Part 2)

IRS Announces Voluntary Worker Classification Settlement Program Last month (in Announcement 2011-64) the IRS launched its new Voluntary Classifica...

October 21, 2011

Are your exempt organization’s payroll practices in compliance? (Part 1)

Employment Tax National Research Program In September 2009 the IRS announced the launching of its Employment Tax National Research Program and plan...

October 07, 2011

New Guidance on Taxation of Cell Phones

The IRS recently issued long-awaited guidance on the tax treatment of cell phones provided by employers. After the Small Business Jobs Act of 2010 ...

September 25, 2011

Social Hot Stuff ……. Slideshare It!

OK, by now we all know that social media is all the rage. The question isn’t so much … should our Organization do it, but how can we be...

September 23, 2011

Alternative Investments – Are they right for your Organization?

Alternative investments are complex investment vehicles not without risk. However alternative investments are also sometimes used as a tool to redu...

September 13, 2011

Proposed Change to Limit Individual Charitable Deductions

President Obama submitted his American Jobs Act to Congress this week. One of the main tax items proposed is to limit the itemized deduction, which...

August 31, 2011

California Denies Property Tax Exemption to Nonprofits

The California Board of Equalization has created quite a buzz across the non-profit community lately. Lawyers have come forth in the past two weeks...

August 08, 2011

Proposed Bill Would Encourage Charitable Giving

The “Public Good IRA Rollover Act of 2011″, a new bi-partisan bill that has been introduced in the U.S. Senate would have an enormous effect on cha...

July 21, 2011

What Is the Biggest Fraud Risk for Nonprofits?

Did you know that according to a New York Times report, fraud and embezzlement in the nonprofit sector accounts for a loss of approximately $40 bil...

July 21, 2011

2011 Nonprofit CFO Findings

Our 2011 CFO Evolution Nonprofit Benchmarking Survey revealed a number of findings related to the current state of Bay Area Nonprofit CFO organizat...

July 19, 2011

Hospitals Get Incentives for Electronic Health Records

The Medicare and Medicaid EHR Incentive Programs provide incentive payments to eligible professionals, eligible hospitals and critical access hospi...

July 08, 2011

No Gift Tax Liability for Contributions to 501(c)(4)s

The IRS recently stated that it “will not use resources to pursue examination” on gift tax on contributions to 501(c)(4)s – socia...

July 06, 2011

Cell Phone Towers and Solar Panels Considerations

We are seeing more and more exempt organizations that are generating extra income by contracting with phone companies and energy providers in cell ...

July 01, 2011

Improving Your 403(b) Plan

The second year of auditing 403(b) plans is in full force! Plan sponsors are still working hard to ensure that they are complying with the new laws...

June 28, 2011

IRS Does Not Require Full Board to Adopt Policies

Exempt organizations will no longer be required to get the full board of directors to adopt the whistleblower, conflict of interest, and other gove...

June 13, 2011

Getting the Most Out of Your Auditor

It’s that time of year again! What are your primary sources for accounting information? Blogs (like this one, right?), journals, websites, LinkedIn...

June 02, 2011

Evaluate Nonprofit Organizations Before Donating

The impact of the poor economy has taken a toll on charitable organizations, causing the relationship between grant makers and charities to become ...

May 12, 2011

YouTube Now Helping Out Nonprofits

One of the big things we hear from our clients is how a successful outreach campaign can be difficult to achieve because of the cost. Thanks to a n...

May 11, 2011

M&A: A Strategy for Nonprofit Survival?

Nonprofits are competing for a smaller number of government grants during the economic recession significantly impacting and restricting not only t...

May 06, 2011

Social Media: Has Your Nonprofit Considered the Risks?

Social media is a current phenomenon with companies such as Facebook, LinkedIn and Twitter leading the way. Facebook’s current active members...

January 06, 2011

Lodging Provided to Employees: Taxable or Not?

Do you provide lodging to an employee? Are you a school that allows the headmaster or other employee to live in a school-owned property? Are you a ...

December 13, 2010

The Importance of Maintaining Adequate Operating Reserves

Maintaining adequate operating reserves is important for nonprofit organizations. In recent years, the significance of maintaining operating reserv...

December 13, 2010

Is the IRS About to Focus on UBIT and Political Activity?

Former IRS exempt organization director, Marcus Owens (currently principal with Caplin & Drysdale), predicted at a tax-exempt conference on Oct...