Not-for-profit board members are responsible for providing guidance and direction to ensure that a given organization is proactively working towards achieving its mission and strategic vision. Part of this responsibility […]

Are you tracking your grant or program expenses in spreadsheets, or is your current method not working well for you? If your organization is using QuickBooks, there are built-in features […]

Cryptocurrency is a virtual currency, which is a decentralized system based on blockchain technology. There are thousands of cryptocurrencies, which offer a digital medium of exchange for instantaneous purchasing and […]

With the end of the year approaching, many not-for-profits see an increase in giving. Therefore, we thought it would be helpful to provide a brief summary of donors’ documentation requirements […]

This is the second article in a two-part series on gifts in kind. Click here to read Part 1 where we discuss types of in-kind gifts and how they should […]

This two-part series will provide information about in-kind gifts, including the definition and recognition of such gifts and in the second article, the documentation best practices and impact on tax […]

During 2018, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2018-08 Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made to clarify […]