NFP E-News Update
May 23, 2013
The Colleges and Universities Compliance Project, begun in 2008 by the IRS, distributed 400 questionnaires to a randomly-selected sample of schools to ensure compliance with current regulations. Based on responses to the questionnaires and details of the respective Form 990s, the IRS selected 34 of these colleges and universities for further review and found that unreported unrelated business income (UBI) in higher education was found in almost every case examined by the IRS.
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NFP E-News Update
May 16, 2013
A retirement plan can have a lot of benefits for non-profit organizations and their employees. Experts estimate that workers will need 70 to 90 percent of their pre-retirement income to maintain their current standard of living when they retire. By sponsoring a retirement plan, an organization will help their employees save for their future.
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NFP E-News Update
May 9, 2013
The Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update (ASU) No. 2012-05, Statement of Cash Flows (Topic 230): Not-for-Profit Entities: Classification of the Sale Proceeds of Donated Financial Assets in the Statement of Cash Flows.
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Blue & Co., LLC is governed by an elected Executive Committee consisting of three Directors each serving a three year term. The Executive Committee provides policy, strategic planning and management for the firm on behalf of the Members and meets periodically throughout the year.
Each office has a Director-In-Charge elected by the Directors at that location who is responsible for the day-to-day management decisions and activities. Directors also hold positions in charge of departments within offices, industry specialty groups and key functional areas.