Category: Not For Profit

Tips for Maximizing your Charitable Deduction

Charitable Giving is on the Rise – Tips for Maximizing your Charitable Deduction by Giving Personal or Business Items on Hand. According to the Lilly Family School of Philanthropy at Indiana University, charitable contributions have finally eclipsed their pre-recession record high with Americans donating an estimated $358 billion to charitable organizations in 2014, compared to […]

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Volunteer for a Not-for-Profit? Big Changes Coming Your Way!

Many of us are involved with not-for-profits in some capacity, either because you work for a not-for-profit or volunteer for one in a leadership role. The Financial Accounting Standards Board (FASB) is on the verge of proposing significant changes in the way not-for-profit financial statements are presented. The goal of the FASB project is to […]

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Is your nonprofit ready to pass the baton?

Baby boomer nonprofit leaders continue to retire in vast numbers nationwide. Does your organization have key people who are nearing retirement? If so, is there a concrete plan to replace them? A succession plan can be the difference between a nonprofit carrying on its mission without interruption and its operations grinding to a halt. Choosing […]

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How to protect your tax-exempt status

What would happen if your nonprofit lost its federal tax-exempt status? The thought might send shivers down your spine, and it should. Here are reminders about some of the actions that are required — or should be avoided — to maintain your 501(c)(3) status. A titanic loss If your 501(c)(3) designation is revoked, your nonprofit […]

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Is Your Not for Profit Reporting It’s Full Value Proposition?

By Jeff Curiel, CPA, Manager, Audit & Other Assurance Services Group and Amanda Meko, CPA, Partner, Team Leader of the Not-for-Profit Services Group “How do we create value?” This question is often asked when analyzing an Organization’s impact. As CPAs, it is oftentimes too easy to focus solely on numbers, without considering other factors that […]

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Let the Numbers Roll

8 Ways to Make Your Not-for-Profit Accounting Function More Efficient by Jennifer McVey and Amanda Meko, CPA | Team Members of the Not-for-Profit Services Group Efficiency. Competence. Productivity. We all want these things in the workplace. And there’s no area where efficiency, competence, and productivity is more important than in accounting. Here are eight suggestions […]

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Charities – Are You Putting Your Donors At Risk?

By John Keller, CPA and Amanda Meko, CPA | Team Members of the Not-for-Profit Services Group Let’s face it, as the end of the year draws near, donors rush to make last minute gifts to improve their tax positions by maximizing their charitable contribution deductions. November and December are typically successful fundraising months for many […]

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Avoiding Conflicts-of-Interest

by Amanda Meko, CPA | Partner, Team Leader of the Not-for-Profit Services Group When the Form 990 was redesigned in 2008, not-for-profit organizations rushed to get a number of policies in place so they could “check the box”. As a result, most organizations have a conflict of interest policy. However, organizations may not be regularly […]

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Coming Your Way, Changes to the 2012 Form 990 and 990-EZ

by Jeff Curiel, CPA and Amanda Meko, CPA | Team Members of the Not-for-Profit Services Group The 990 provides not-for-profit organizations with a tremendous opportunity to tell their story as the form is required to be made available to the public. While many organizations make the form available on their website, GuideStar.org publishes the last […]

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