Accounting for Nonprofits: Blog Series

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Nonprofit Tax-Exempt Status: What is the Criteria?

Nonprofit Tax-Exempt Status: What is the Criteria?

Is your nonprofit tax exempt? Being a nonprofit organization doesn’t mean you are exempt from paying taxes. This post explores the criteria for tax exemption. Nonprofit Tax-Exempt Criteria Nonprofit organizations must fulfill federal requirements to qualify as...

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Criteria for Hiring a Skilled Nonprofit Accountant

Criteria for Hiring a Skilled Nonprofit Accountant

Hiring a nonprofit accountant is critical to a nonprofit’s success in fulfilling its mission. Selecting an accountant with the proper skills and understanding can be a daunting task. Before you hire your next nonprofit accountant, be sure they have the knowledge...

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What Form 990 Red Flags Reveal About Your Nonprofit

What Form 990 Red Flags Reveal About Your Nonprofit

Nonprofit Form 990 red flags impact donor trust and reveal lack of due diligence. The 990 is a snapshot of how well an organization has complied with government regulations and what activities it has carried out to ensure it is upholding its mission. Who Files Form...

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Surviving COVID-19: Nonprofit Sustainability Plan

Surviving COVID-19: Nonprofit Sustainability Plan

As the COVID-19 crisis unfolds, both nonprofit bottom lines are impacted — mission and financial. Following a nonprofit sustainability plan is key to survival. Nonprofit Sustainability Plan: Key to Survival Both nonprofit bottom lines are impacted — mission and...

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Funding Nonprofit Overhead For Direct and Indirect Costs

Funding Nonprofit Overhead For Direct and Indirect Costs

Faced with limitations on direct and indirect cost recovery, funding nonprofit overhead can be challenging for nonprofits.   Three Functional Categories The importance of tracking functional expenses for nonprofit organizations. There are three categories of...

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Investing In Nonprofit Overhead Reaps Rewards

Investing In Nonprofit Overhead Reaps Rewards

Running your organization like a for-profit business and investing in nonprofit overhead reaps rewards.   This calls for not-for-profits to use for-profit business practices and invest in overhead. In the past, charities were expected to keep their overhead costs...

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Nonprofit Funding Sources: Top 4 Revenue Streams

Nonprofit Funding Sources: Top 4 Revenue Streams

Where does the bulk of revenue come from when it comes to nonprofit funding sources? We explore the top 4 and how to remain compliant when it comes to reporting income.   For most non-profit organizations, there is a need to come up with new ways of raising...

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