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...
NFP Update 2023 Part I: Introduction And Nonprofit Trends

NFP Update 2023 Part I: Introduction And Nonprofit Trends

2023 Nonprofit Update Part I Introduction & Nonprofit Trends 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...

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Evaluating Your Accounting Software Needs

Evaluating Your Accounting Software Needs

When was the last time your organization evaluated its accounting software… or maybe you are a start-up, keeping track of your organization’s finances on excel or even paper ledgers and now it is time to upgrade to a more sophisticated system. Many organizations tend...

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Amazon Purchases and Compliance with GML

Amazon Purchases and Compliance with GML

Documentation of the rationale for the selection of a vendor and their goods and services should be maintained and included as a part of the internal control procedures at any district. For auditors, documentation is paramount to show that goods and services were...

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Tips for Effective Board Leadership

Tips for Effective Board Leadership

Building a strong non-profit organization requires effective leadership, starting with the board of directors. The board of directors is tasked with providing strategic direction to the organization and ensuring the organization is operating in accordance with its...

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