Jun 20, 2023 | Blog, Nonprofit Insights
According to the 2022 Report to the Nations, published by the Association of Certified Fraud Examiners (ACFE), the most common way that internal fraud is detected is via anonymous tips. These accounted for 42% of the frauds that were uncovered, compared to just 16% of...
Jun 20, 2023 | Blog, Nonprofit Insights
One of the biggest keys to financial stability for nonprofit organizations is budgeting. Creating and approving an annual budget is fundamental to financially managing a nonprofit. The annual budget will serve as a blueprint for your organization’s financial activity...
Jun 19, 2023 | Blog, Nonprofit Insights
The Nasdaq stock exchange will soon require all listed companies to publicly disclose board-level diversity statistics and have (or explain why they do not have) diverse directors. While this requirement only applies to Nasdaq-listed companies, it might be a good idea...
Dec 3, 2022 | Blog, Nonprofit Insights
Executive compensation at nonprofits is a hot-button issue right now as the IRS has begun ramping up oversight and enforcement. This is partly in response to some high-profile instances where executives working at nonprofit organizations received excessive salaries in...
Dec 2, 2022 | Blog, Nonprofit Insights
IRS Form 990 includes specific information that helps donors and watchdogs assess and monitor nonprofit organizations. In a single document, it provides a snapshot of the financial health, governance, and operations of a nonprofit. Form 990 gives nonprofits an...
Dec 1, 2022 | Blog, Nonprofit Insights
It is not uncommon for nonprofit organizations to receive donations of tangible property from supporters in addition to cash contributions. Special rules apply when valuing such property and providing donors with the right kinds of documentation to substantiate...
