Non-Profit Insights

Special events require an enormous amount of planning. So it’s understandable when nonprofit staffers push “tax compliance” to the bottom of their to-do lists. However, tax reporting for events may be different from and more difficult than what they’re used to reporting with other activities.

Federal agencies were required to adopt the U.S. Office of Management and Budget’s (OMB) latest revised Uniform Guidance (UG) by October 1, 2024. The revisions are being welcomed by many nonprofit organizations, due to the changes aim to help reduce the burden on recipients and sub-recipients of federal grants.

In a tight job market, where nonprofit organizations are competing with for-profit businesses for talent, it may be necessary to raise compensation. However, potential tax penalties can result if the IRS deems compensation more than reasonable

This article discusses the importance of succession planning for every employee who’s considered indispensable and difficult to replace. It advises nonprofits to consider various departure scenarios and to groom potential successors using job shadowing and mentoring.

Welcoming new members onto your nonprofit organization’s board is a critical process that determines how effective and engaged they'll be over the long term.

Cryptocurrency donations to nonprofits have become more common, so has the need for clear and consistent accounting standards.

Accepting every donation may not always serve the nonprofit's best interest. Gifts from donors involved in illegal, unethical or controversial activities can potentially expose organizations to embarrassment and reputational damage.

Nonprofits that depend on federal government grants are probably dealing with a lot of uncertainty right now. But they may have options to replace lost revenue.