Nonprofit Blog

Welcome to the Nonprofit Blog hosted by the professionals at Armanino, CPAs & Consultants. This blog is set up to inform nonprofit organizations of trends, rule changes, best practices and free educational offerings that we have built to support nonprofit organizations. Our professionals bring you their insights from an accounting and organization perspective to help nonprofits reach their goals. We support our clients with advice, direction and best practices.

Tuesday, May 30, 2017

8-Step Checklist: Get Ready for the New Rev Rec Rules

The last few years have brought an avalanche of changes to how nonprofits report their financial results. While you likely are already deep in the details of the new nonprofit financial reporting standard, there’s one more set of rules you can’t afford to ignore: the new revenue recognition standard. This guidance, also known as ASC …

Monday, May 15, 2017

Navigating Risk in Today’s Dynamic Environment

For the past five years, Armanino has brought you our annual Nonprofit Symposium—a free, half-day event for nonprofit industry leaders that offers education and networking around today’s leading nonprofit finance issues, as well as an opportunity for continuing professional education (CPE) credit. This year marks our sixth anniversary. To celebrate our sixth year, we’ve highlighted …

Wednesday, August 31, 2016

Armanino Nonprofit Symposium: Why Nonprofits Hire an Outsourced CFO

Organizations choose to outsource their CFO for a number of different reasons. Some of these are easy to measure, but others are more intangible, according to panelists at the recent Armanino Nonprofit Symposium. Regina Birdsell, president and CEO of the Center for Nonprofit Management, said that as nonprofits try to get the most out of …

Thursday, August 25, 2016

The Brighter Side of Nonprofit Collaboration

Many nonprofits shy away from collaboration and partnerships for many reasons such as overlap of initiatives, the competition for grant funds and lack of resources. By avoiding working as partners, organizations are missing out on new ideas and initiatives that can make change for the community being served. Through well-planned and proper execution, collaboration can …

Monday, August 22, 2016

Playing Keeps: What to Do When Donors Change Their Minds

There are no take-backs in fundraising, right? Wrong. Contrary to what your development team might believe, donors can and do ask for their money back. Take country music superstar Garth Brooks. The singer found that he had friends in high places when an Oklahoma jury agreed that a hospital had defaulted on an agreement to …

Monday, August 8, 2016

Nonprofit Symposium Keynote Recap: Influence Sustainable Change

Nonprofit finance leaders may not see themselves as architects of change in the sector. But as nonprofit organizations continue to struggle with systemic challenges, such as the overhead myth and inequity, they can play a strategic role in solving these widespread problems. “You have way more influence than you know, because the budget determines everything,” …

Wednesday, July 6, 2011

Cell Phone Towers and Solar Panels Considerations

We are seeing more and more exempt organizations that are generating extra income by contracting with phone companies and energy providers in cell phone tower and solar facility lease arrangements to place equipment on their property. It’s important that any organization considering engaging in such contract(s) fully evaluate and understand the basis tax considerations before …

Tuesday, June 28, 2011

IRS Does Not Require Full Board to Adopt Policies

Exempt organizations will no longer be required to get the full board of directors to adopt the whistleblower, conflict of interest, and other governance policies for the 2010 Form 990. The IRS will instead allow a committee of the full board to adopt the policy if the policy is adopted by the end of its …

Tuesday, December 14, 2010

Is the IRS About to Focus on UBIT and Political Activity?

Former IRS exempt organization director, Marcus Owens (currently principal with Caplin & Drysdale), predicted at a tax-exempt conference on October 22 that the IRS’s next compliance check questionnaires are likely to address unrelated business income taxes (UBIT) and possibly political activity. If your organization has not had a recent “check-up” in these areas, do so …