Nonprofit

New Rules for Recognizing Nonprofit Revenue

Nonprofit organizations often receive financial support from donors, foundations, government agencies, and other entities in the form of contributions and grants. Accounting for these transactions can be challenging, as they may involve complex terms and conditions that affect the timing and amount of revenue recognition.

Beyond the Donation: Nonprofit Accounting and Board Governance Explained, an interview with Ken Cerini

WATCH A CLIP OF THE EPISODE ABOVE! In this episode of Beyond the Donation, managing partner Ken Cerini of accounting firm Cerini and Associates discusses strategies for better fiscal management and the roles of board members in a strong nonprofit. Ken stresses the...

Guest Article: 3 Donor Retention Strategies to Boost Engagement and Giving

Your nonprofit might acquire new donors regularly, but how often are they sticking around to give a second gift to your organization? If you’re like most nonprofits, you likely struggle to retain newly acquired donors. The average donor retention rate sits between...

Guest Article: Streamline Nonprofit Management by Automating These 5 Areas

There’s no doubting it—technology has fundamentally changed the way nonprofits operate. From fundraising to events to daily operations, technology has become indispensable for nonprofits looking to save time, money, and effort. Creating an effective change management...

The Role of Data Analytics in Nonprofit Decision-Making

Nonprofit organizations, driven by their altruistic missions, often grapple with multifaceted challenges in achieving their goals. In today’s era of data abundance, the role of data analytics in nonprofit decision-making has surged in importance. Data analytics offers...

How to Account for Joint Costs in Nonprofit Organizations

A guide to applying the accounting standards for activities that include both program and fundraising components. What are joint costs and why are they important? Joint costs are the costs of conducting activities that have more than one purpose or function, such as...

Inflation Reduction Act: Clean Energy Tax Credits for Tax-Exempt Entities

Inflation Reduction Act of 2022 (“IRA”) offers various tax credits to incentivize individuals, businesses, and tax-exempt organizations alike to transition to clean energy sources. While tax credits are a great incentive for tax-paying individuals and businesses,...

2024 Nonprofit Trends

As we move deeper into 2024, we look at what we can expect for the nonprofit sector as the year progresses. In 2023, the sector grappled with multiple challenges… the end of the COVID era which meant an end of COVID funding, an increase in demand for services brought...

Navigating Hiring, Compensation, Succession Planning, and Employee Retention Trends in Nonprofits: Insights for 2024

In the dynamic landscape of nonprofit organizations (NFPs), staying informed about hiring, compensation, succession planning, and employee retention trends is crucial for attracting, developing, and retaining top talent. Recruitment Trends in Nonprofits: As nonprofits...

Nonprofit Technology Trends to Watch in 2024: Navigating the Digital Frontier

In the fast-paced world of nonprofits, staying ahead of technology trends is essential for organizations striving to make a lasting impact. As we approach 2024, several key technology trends are set to shape the nonprofit sector, influencing everything from...
Current Expected Credit Loss (CECL)

Current Expected Credit Loss (CECL)

Is anyone else tired of the accounting regulations constantly changing? In the past few years, nonprofits have had to deal with an overhaul of revenue recognition rules, “clarifying” (confusing) contributions pronouncements, enhanced disclosure requirements for...

read more
Benefits of an  Automated AP Workflow – Nonprofits

Benefits of an Automated AP Workflow – Nonprofits

As the government has officially announced the end of the COVID pandemic, the return to “normal,” or whatever the post-COVID era will look like, has shifted the focus of nonprofit organizations from the crisis of the Pandemic to beginning to analyze what policies,...

read more
30 Years of Connecting with Cerini & Associates, LLP

30 Years of Connecting with Cerini & Associates, LLP

Celebrate Cerini & Associates, LLP's 30th Anniversary with Ken Cerini, Founder & Managing Partner! Today, we celebrate a milestone: the 30th Anniversary of Cerini & Associates, LLP. From a humble garage start-up to a leading firm with seven partners and...

read more
New York State Forward Loan Fund 2

New York State Forward Loan Fund 2

In an effort to support the economic recovery and revitalization of businesses in New York State, Governor Kathy Hochul announced the launch of the New York Forward Loan Fund 2. This program allocates $150 million to provide flexible loans to eligible businesses for...

read more
NFP Update 2023 Part V: Nonprofit Panel

NFP Update 2023 Part V: Nonprofit Panel

2023 Nonprofit Update Part V Nonprofit Panel Cerini & Associates, LLP, a leader in providing accounting, auditing, and consulting services to nonprofits, held their virtual 2023 annual Nonprofit Update conference on July 28, 2023. The world continues to change and the...

read more