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Form 990: Guide to Filing Instructions for Nonprofits

Form 990: Guide to Filing Instructions for Nonprofits

Nonprofits are required by the IRS to file an annual financial information return called the Form 990. This guide provides form 990 filing instructions by breaking down the who, what and why. What is the IRS Form 990? Form 990 is a tax form that any nonprofit...

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Not-for-Profit vs Nonprofit: What is the difference?

Not-for-Profit vs Nonprofit: What is the difference?

Not-for-profit vs nonprofit organizations are often confused with one another. As you discover in this post, there are distinct differences between the two. Find out what sets them apart. Difference between not-for-profit vs nonprofit What is not-for-profit...

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Chart of Accounts for Nonprofits: Guide to Proper Setup

Chart of Accounts for Nonprofits: Guide to Proper Setup

The proper setup up of the chart of accounts for nonprofits is the critical first step in getting started with your nonprofit fund accounting system. Learn how to segregate funds the easy way for tracking revenue and expenses.   What Is the Chart of Accounts for...

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In-Kind Donations: Guide to What Nonprofits Need to Know

In-Kind Donations: Guide to What Nonprofits Need to Know

An in-kind donation does not involve cash gifts and can be one of the most important resources for many nonprofits. This article provides an in-depth guide to what you need to know for compliance and sustainability.   The lifeblood for some sustainable nonprofits...

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Hidden Gems About Accounting for Nonprofits Revealed

Hidden Gems About Accounting for Nonprofits Revealed

Accounting for nonprofits measures nonprofit success by fulfilling its mission rather than making a profit. Take a deep dive into how accounting for nonprofits differs from for-profit accounting.   What is Accounting for Nonprofits? While many aspects of...

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