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...
Best Practices for Protecting Data Privacy in 2023

Best Practices for Protecting Data Privacy in 2023

1. Create a Strong Passphrase for a Password The keys to making strong password are Length (the longer the better), a mix of upper- and lower-case letters, numbers, symbols, and no references to any personal info (hence the word “phrase” rather than “word”). Make sure...

read more
Board Training Webinar – Part III

Board Training Webinar – Part III

Matthew Burke and Mahnaz Cavalluzzi held an informative webinar on Board training. In this Webinar they covered: – Fiscal ViabilityABOUT OUR SPEAKERS Matthew Burke PartnerMatt specializes in providing Cerini and Associates’ diverse array of midsized business clientele...

read more
Additional Nonprofit Trends 2023

Additional Nonprofit Trends 2023

1. Start Running your Nonprofit like a Business a.) Treat your donors as customers/investorsb.) Diversify your revenue streams, in the current climate, you can no longer rely on just donations and grantsc.) Create a long-term growth strategy, most nonprofits work year...

read more
Nonprofit Economic Trends 2023

Nonprofit Economic Trends 2023

Twenty-twenty will always be known as the year that COVID put the world on pause. The impact of COVID persisted through 2021 and beyond and has forever changed how we think, act, and do business. To curb the impact of the pandemic, the federal and state governments...

read more
2023 Workspace Trends

2023 Workspace Trends

1. Ongoing Hiring and Retention Issues Workers are continuing to leave their jobs at a higher-than-usual rate. As of October 2022, there were 10.3 million job openings in the United States. The gap between the number of people looking for work verse the open roles...

read more
How To Protect Your Nonprofit With New Cyber Threats

How To Protect Your Nonprofit With New Cyber Threats

As more and more companies and people use and rely on technology, cybercriminals have become more sophisticated, and cyberattacks have been on the rise. According to Cybercrime Magazine, the cost of cybercrime is projected to rise from $6T in 2021 to $10.5T in 2025....

read more
2023 Nonprofit Technology Trends

2023 Nonprofit Technology Trends

Artificial Intelligence (AI) technology Technological innovations in Artificial Intelligence continue to offer opportunities for improving work processes within nonprofit organizations. Automated workflows, technological insights, and AI bots made accessible to...

read more