Webinar: What Every Nonprofit Needs to Know about Form 990
In this webinar, we share best practices and policies for ensuring compliance with reporting requirements. You’ll gain valuable information that could affect the way you raise funds, market, and run your organization. “What Every Nonprofit Needs to Know about Form … Read more…
Tax Brief: Form 990, What You Need to Know About Schedule G
The IRS Form 990’s Schedule G provides information about a not-for-profit organization’s fundraising activities and events, including benefit dinners and auctions. The schedule also covers gaming activities conducted by the organization, such as bingo, casino nights, or video poker. This … Read more…
PPP Loans: Nonprofit Accounting & Reporting Considerations in Accordance with US GAAP
WATCH: “Nonprofit Internal Controls in the Remote Working Environment”
Fraud can affect any organization, no matter the size, location, or industry. Internal controls are more important than ever in this uncertain environment. In this webinar presentation, Kari Young, CPA and special guest Kristin Short from Oregon Pacific Bank discuss … Read more…
FTE Calculation and Its Affect on PPP Forgiveness
If you have received funds under the Paycheck Protection Program (PPP), you need to know the importance of Full-Time Equivalent (FTE) employees with regard to your loan forgiveness. The borrower’s count of FTE employees during their covered period is divided … Read more…
Single Audit Implications of CARES Act Funding
In response to the COVID-19 pandemic, many not-for-profit entities applied for relief funding made available through the CARES Act. Two of the most common forms of funding are loans made through the Paycheck Protection Program (PPP) and Economic Injury Disaster … Read more…
OMB Issues Memo Authorizing Awarding Agencies to Provide Flexibility and Administrative Relief to Grant Recipients due to COVID-19
On March 19th, 2020, the U.S. Office of Management and Budget (OMB) issued memorandum M-20-17, Administrative Relief for Recipients and Applicants of Federal Financial Assistance Directly Impacted by the Novel Coronavirus (COVID-19) due to Loss of Operations. OMB authorized federal … Read more…
Three Risks Facing Nonprofits Today
Tax Brief: Form 990, Schedule A: Public Charity Status and Public Support
For many non-profit organizations, Schedule A is the most important part of the Form 990 Return of Organizations Exempt from Income Tax. Organizations that are described in Internal Revenue Code Section 501(c)(3) and are public charities must complete Schedule A. The … Read more…
Four Traits of a Quality Board Member
Establishing a board of directors is an important first step for any nonprofit. Selecting ideal individual members and then ensuring the group functions cohesively will take time, but it will be well worth the effort. Whether an organization is just … Read more…
