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Nonprofit Accounting & Consulting Services

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.

Nonprofit Symposium 2020

As part of Armanino’s ongoing commitment to remain the go-to nonprofit and exempt-organization provider – from California to Texas and beyond – we host the annual Nonprofit Symposium in various locations. Click on the link below to learn more or to register for the 2020 Symposium:

The Tax Act: The Impact on Exempt Organizations

The Tax Act: The Impact on Exempt Organizations

After months of speculation and changes to various details, Congress passed the Tax Cuts and Jobs Act. Here’s how the law will impact nonprofits.

What You Need to Know About Nonprofit Accounting in 2019

What You Need to Know About Nonprofit Accounting in 2019

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

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.

Nonprofit Accounting

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.

Nonprofit Audit Services »



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.

Nonprofit Tax Services »

Nonprofit 990 Filing Dashboard – Sage Intacct »



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.

Outsourced Finance & Accounting Services »


Best Practices for Nonprofits: How to Prepare for a Remote Audit

We’ve issued many audit reports in a remote environment and learned some lessons along the way.

What to Do Before Reopening Your Museum or Arts Organization

The museum/arts experience may now be very different. Before guests return, consider program and facility changes.

Grants Management — Evaluating Potential Grantees

In order for your foundation to make the greatest impact, you’ll need to use your grantmaking power wisely.

Administrative Checklist: What’s Required for Operating a Private Foundation

Here are the administrative tasks required from legal, compliance and tax standpoints.

Cloud Financial Technology Helps Nonprofit Pivot in the Face of Global Crisis

Nonprofit empowers global staff with rapid ability to rebudget and redesign programs as COVID-19 crisis evolves.

Impact of COVID-19 on Nonprofits

Here’s how the pandemic is impacting nonprofits' revenues, staffing, budgeting, forecasting and more.

5 Things to Think About Before Starting a Foundation

Here’s how to help set yourself up for success.

Detailed Summary of Proposed Regulations on Excess Tax-Exempt Organization Executive ...

IRC section 4960 imposes a 21% excise tax on nonprofit organizations or their related organizations that provide compensation for the five highest-compensated employees (or any other covered employee) in excess of $1 mil ...

FASB Defers Effective Dates for Implementing Revenue Recognition and Lease Standards

ASU 2020-05 defers the effective dates by one year for certain entities.

Affordable Housing: CARES Act Update

The CARES Act includes a temporary 120-day moratorium on evictions for nonpayment of rent. Here we review several compliance updates from the CARES Act and HUD related to affordable housing.

Cash Is King: Optimizing Your Nonprofit’s Cash Position With Cash Flow Forecasting

Don’t leave your planning up to chance. With a cash flow forecast, you have a simple and effective way to foresee problems and opportunities and make better financial decisions.

Nonprofit Art Organizations: Grants available from the National Endowment for the Art ...

These funds are intended to help save jobs in the arts sector and keep the doors open to the thousands of organizations that add value to America’s economy and the creative life of our communities.

The Kresge Foundation Automates Budget and Planning Processes

Nonprofit Kresge Foundation spent most their time relying on spreadsheets. Implementing Adaptive Insights cut several days of time and effort from the annual planning process and now provides instant insight into the imp ...

COVID-19: Impact to Nonprofit Accounting

Helpful tips for the nonprofit community as you prepare for audit preparation.

How the New Revenue Recognition Standards Impact Social and Human Services Nonprofits

The new revenue recognition standards will impact all nonprofit organizations but may have a more profound impact on social and human services nonprofits based on their revenue streams.

Crisis Management for Land and Conservation Nonprofit Organizations

Now is a critical time for land and conservation nonprofits to ensure they are addressing short- and long-term needs.

The CARES Act: What Nonprofits Need to Know About Small Business Interruption Loans

One key provision of the recently signed CARES Act enables nonprofits to get forgiveable small business interruption loans.

Nonprofit Tax Considerations for Canceling or Postponing Events

There are a lot of questions around whether nonprofits should cancel events and the potential tax issues of refunding money. Here are some things to consider.

Nonprofits: How to Manage Donor-Restricted Endowment Funds During a Crisis

Nonprofits are unsure how to manage their endowments in a crisis. Here are some tips to help your organization navigate these stressful times.
Nonprofit pracical steps
Given the recent outbreak of coronavirus (COVID-19), nonprofit finance teams can play an essential role in ensuring that the fiscal impact on their organization is m ...

California Attorney General Updates Charities Forms Effective February 1, 2020

Effective February 1, 2020, charitable organizations whose annual revenue is under $50,000 must file a new form along with Form RRF-1.

Spending Package Repeals Parking Tax and Changes Private Foundation NII Tax Rate

Congress passed a $1.4 trillion spending package with impacting UBTI and other nonprofit-related tax provisions.

FASB extends simplified alternatives for goodwill to not-for-profits

The FASB has issued an Accounting Standards Update that enables nonprofits to use the easier, less costly methods available to private companies for reporting goodwill and certain identifiable intangible assets after a m ...

Nonprofit Parking Tax Update

The House Ways and Means Committee is holding a hearing and requesting comments on the impact of the Tax Cuts and Jobs Act’s Section 512(a)(7) on nonprofits.

Nonprofits: How to Make Outsourcing Work for You

Outsourcing can be a good way to get quality talent for administrative functions like payroll and HR, as well as strategic projects like implementing new software.

What’s Your Hashtag: How to Engage Younger Donors

Nonprofits of all types and sizes struggle to connect with younger constituents. Consider these tips for engaging your millennial and Gen Z audiences.

New Rules for Recognizing Grant and Contribution Revenue

New FASB guidance clarifies when a transaction should be considered a contribution or an exchange transaction for revenue recognition purposes. Here’s what you need to know.

Understanding the New Nonprofit Liquidity Disclosures

Recently implemented accounting rules require every nonprofit to disclose its “liquidity and funds available” for everyone to see. What story does your liquidity and funds available disclosure tell?

Nonprofit Fraud: Catching and Mitigating It

Could your nonprofit fall victim to one of the most common fraud types? Learn about risk factors for common nonprofit fraud schemes and steps to create an anti-fraud environment.

Should Your Nonprofit Seek Alternative Investments?

Foundations, private educational institutions and public charities are reaping the benefits of private capital investments. Be sure you understand the risks and complexities involved.

Foundation Scales Its Operations and Impact With Sage Intacct & Salesforce

Armanino Foundation turns to Sage Intacct, Salesforce and Armanino’s own Outsourced Finance & Accounting experts to help drive its mission forward.

Checklist: Best Practices for Nonprofit Audit Committee Governance

A strong audit committee has effective guidelines for committee meetings, communication with management and the full board, interaction with outside auditors, and more

Nonprofit Audit Committees: Roles & Responsibilities

The audit committee’s main role is to safeguard the organization’s financial integrity.

Is Your Nonprofit Board Diverse Enough?

To better serve their constituents, nonprofit boards need racial, ethnic, socioeconomic and gender diversity.

From Finance to Beyond: Strategic Assessments with a Trusted Partner

Infographic: In today’s volatile world, organizations must be able to maximize strategic investments. A trusted assessment helps uncover how you can increase the value of your inves ...

DraftMates Brings Gamification to Fundraising

With so many organizations competing for donors’ attention, it may be worth exploring this new way to connect.

How to Evaluate a Nonprofit Before Donating

Make sure you understand the key financial ratios and other considerations when performing your financial due diligence.

How to Be An Effective Nonprofit Board Member

The greatest value you can contribute does not come from your pocketbook. It is your unique combination of talent, experience and connections.

The TCJA and the Future of Giving: Should You Be Worried?

Nonprofits are nervous about the future of giving in the wake of tax reform. Review the impact of the new standard deduction, some provisions could encourage more giving, & tax-planning strategies for donors.

Are You Ready for the New Not-for-Profit Reporting Standard?

The new rules change the net asset classes, modify treatment of underwater endowments, and provide more insight into liquidity, expenses and investment returns for financial statement users.

How to Protect Your Nonprofit’s Future

In addition to typical business concerns like financial and operational performance, nonprofits also must worry about whether they are acting in ways that could jeopardize their tax-exempt status.

Democratize the Budget Process

Providing greater visibility and instituting regular planning meetings, will start to engender a culture where individuals across the organization can take responsibility for financial goals.

The Health Museum Cures Financial and Accounting Problems With Sage Intacct

The Health Museum partnered with Armanino to implement Sage Intacct to accommodate its successful growth, streamline processes and stay under budget across the organization.
Increase in Education Partnerships
The U.S. higher education sector faces an uncertain future. Costs continue to climb as enrollments, state funding and philanthropic giving are on the decline.

Lodging Provided to Employees: Taxable or Not?

The value of employer-provided housing is not subject to income or payroll tax withholding if the situation passes three tests.

Home Equity Borrowers Get Good News from the IRS

If you’re considering a home equity loan, know that, the rules have changed under the Tax Cuts and Jobs Act. The IRS recently provided information about these loans, and the news is good.

New Budget Agreement Brings Additional Tax Changes

The Bipartisan Budget Act of 2018 (BBA), which President Trump signed into law on February 9, 2018, contains several tax-related provisions that could reduce the amounts taxpayers owe for the 2017 tax year.

IRS Issues Updated 2018 Withholding Tables

The IRS has released updated withholding tables that indicate how much employers should hold back from their employees’ paychecks to satisfy workers’ tax obligations.

Making Waves Foundation Uses Sage Intacct to Support Growth & Help More Youth

Nonprofit Making Waves Foundation sought an integrated, cloud finance solution to support their growing needs. They had outgrown QuickBooks and needed a solution that would efficiently scale with their own growth. Rea ...

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.

Well-Respected Nonprofit Reduces Time Wasted on Manual Spreadsheet Updates

Nonprofit Marin Humane Society turned to Armanino’s Strategy & Transformation to help them improve efficiencies now and in the future in their finance processes and technologies.

Tax Law file folder among other file folders

After months of speculation and changes to various details, Congress passed the Tax Cuts and Jobs Act. Here’s how the law will impact nonprofits.

TCJA Provides More Generous Depreciation-Related Tax Breaks

If your business is buying new assets in 2018, you’ll be able to benefit in several ways under the new tax reform law, commonly referred to as the Tax Cuts and Jobs Act.
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On December 20, the House passed the reconciled tax reform bill, which the Senate had passed the previous day. It’s the most sweeping ...

The IRS Is Using Data Analytics on Form 990: What This Means for You

The IRS is using data analytics to reveal nonprofits who are noncompliant with government regulations. Even a small deviation from the requirements could cost you your 501(c) status.

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.

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

Pen and calculator on receipts

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 with Sag ...

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

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

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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 you prepared for ASC 606 com ...

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.

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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 ...

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.

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.

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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

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

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.

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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.

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.

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.

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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.

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

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

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

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

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

Nonprofit Organizations 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.

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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.

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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 ...

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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.

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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 ...

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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 ...

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

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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 ...

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.


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.

California University Reduces Reporting from Weeks to Minutes with Adaptive Insights

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.

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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 ...

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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 ...

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

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.

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

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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.

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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.

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

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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.

Lincoln Child Center Selects Armanino and Adaptive Insights to Improve Budgeting

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

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

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%?

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 ...

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 ...

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 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.

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 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 ...

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).

Why CFOs Leave Their Jobs

CFO turnover in the Fortune 1000 is rising again, according to CFO Magazine. After reaching historic highs of nearly 18 percent CFO turnover in 2008, the economy tanked and movement slowed, dropping to a low of 10.5 p ...

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.

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 ...


View all Nonprofit News and Resources

November 13, 2019

Determining Annual Dues Deductibility for Memberships

When members purchase annual memberships, it can be difficult to determine what portion of the membership dues may be deductible as charitable cont...

October 21, 2019

How Blockchain and Cryptocurrency Can Impact Private Education

Blockchain and cryptocurrency will revolutionize a wide range of industries in many ways — including private education.  Some of the impactful...

August 09, 2019

Foundations: Best Practices for Technology Implementations

Technology systems are integral to achieving the greatest mission impact from your foundation’s grant dollars. But if you’re like most finance lead...

July 29, 2019

Blockchain for Nonprofits: Greater Trust, More Donors, Lower Costs

Blockchain will revolutionize a wide range of industries in many ways. Its potential to change nonprofits goes less noticed than some other use cas...

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