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 31, 2016

Ransomware Attacks Put Hospitals on Alert

In the past few months, more than a dozen hospitals nationwide have had to fight a different kind of cybersecurity threat. Hollywood Presbyterian Medical Center in Los Angeles was one of the first to be hit. In February, staffers there found themselves locked out of their computer files, unable to access patient medical records. They …

Tuesday, May 24, 2016

Best Practices for Nonprofits with Multiple Locations

Whether you call them affiliates, chapters or just the “downtown location,” the reality is nonprofits seeking to expand their impact often expand their organization geographically. In fact, the chapter model is at the core of some of the country’s largest nonprofits, such as The American Red Cross, YMCA and Habitat for Humanity. Yet, along with …

Monday, April 4, 2016

Gearing Up for a Higher Minimum Wage: Part 2

Is Your Nonprofit Ready For Higher Minimum Wages? In the first part of this blog series, we looked at the impact of Los Angeles County’s new minimum wage law on area nonprofits. If you remember, the minimum wage in LA is scheduled to rise from $10 to $15 over the next four years. The next …

Friday, April 1, 2016

Gearing Up for Higher Minimum Wage: Part 1

Living Wages and Your Nonprofit In theory, the new minimum wage laws being adopted by an increasing number of California municipalities should be something that all of us involved in the nonprofit sector can get behind. Living-wage advocates make the case that higher pay lifts workers out of poverty and pumps dollars back into the …

Friday, December 11, 2015

IRS Proposal: Nonprofits Should Collect Donor Social Security Numbers

The Internal Revenue Service (IRS) has proposed a rule change that would allow nonprofit organizations to collect social security numbers for donors contributing $250 or more and report those contributions to the IRS on a new form. This would serve as an alternative to providing “contemporaneous written acknowledgment” to the donor. If you’d like to …

Tuesday, August 25, 2015

Nonprofit State Registration: Know the Facts

Many nonprofit finance teams have questions concerning state registrations: “Why do we have to register?  Where do we need to register?  How often do we need to register?  What happens if we don’t register?”  This is why Charity Compliance Solutions, sponsors at our latest Nonprofit Symposium in San Francisco, has helped us answer five major …

Monday, December 15, 2014

5% of Total Revenue: The Cost of Fraud

Whether it’s misappropriation of funds, corruption, kickbacks or filing misleading financial statements, fraud is costing businesses 5% of total revenue, new figures suggest. That’s $3.7 trillion, with a median loss of $142,000 per incident. And businesses recover some of the losses in only half the cases. In virtually none of the cases is restitution complete. …

Thursday, July 21, 2011

What Is the Biggest Fraud Risk for Nonprofits?

Did you know that according to a New York Times report, fraud and embezzlement in the nonprofit sector accounts for a loss of approximately $40 billion a year, or roughly 13 percent of all philanthropic giving? In the world of financial fraud, there are two categories of fraud that all fraudulent activities fall into: misappropriation …

Friday, May 6, 2011

Social Media: Has Your Nonprofit Considered the Risks?

Social media is a current phenomenon with companies such as Facebook, LinkedIn and Twitter leading the way. Facebook’s current active membership is now in excess of 500,000,000 members worldwide. With this many users and both personal and professional content becoming public information, significant legal risks may be lurking in areas you never had to worry …

Tuesday, December 14, 2010

The Importance of Maintaining Adequate Operating Reserves

Maintaining adequate operating reserves is important for nonprofit organizations. In recent years, the significance of maintaining operating reserves at levels adequate for achieving financial stability has become an issue of higher priority for nonprofit leaders. The protracted recession has resulted in many organizations experiencing cash flow shortages and unanticipated decreases in operating revenues and/or increases …