Nonprofit Insights

New Requirements for Contributed Nonfinancial Assets

New Requirements for Contributed Nonfinancial Assets

Last September, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2020-07 regarding the disclosure and presentation of contributed nonfinancial assets. The update seeks to increase transparency about how these types of assets are...

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Not Too Late for COVID Assistance

Not Too Late for COVID Assistance

Thankfully, the spread of the coronavirus has decreased drastically, but its impact on nonprofit organizations will continue for a long time. If your organization has not already taken advantage of all available programs to help nonprofits, some assistance options...

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Four Steps to Building Board Diversity

Four Steps to Building Board Diversity

Nonprofit boards have historically lacked diversity. Ensuring board diversity has taken on new urgency recently as leaders have more fully recognized the value of including more women and people of color in the boardroom. When boards do not reflect the communities or...

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Understanding and Preventing Occupational Fraud in Nonprofits

Understanding and Preventing Occupational Fraud in Nonprofits

Many people hold a soft spot in their hearts for nonprofit organizations as they pursue their worthy cultural, scientific, civic, medical, social, and recreational missions. So when fraudsters target nonprofits, it can feel particularly upsetting, especially when the...

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