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.

Nonprofit Blog

Friday, August 9, 2019

Foundations: Best Practices for Technology Implementations

Technology systems are integral to achieving the greatest mission impact from your foundation’s grant dollars. But if you’re like most finance leaders, the current state of your technology infrastructure remains a barrier to these goals. Foundations need robust systems that accommodate the fluidity inherent in the grant-making process. Yet they are often hamstrung by systems …

Tuesday, July 30, 2019

Blockchain for Nonprofits: Greater Trust, More Donors, Lower Costs

Blockchain will revolutionize a wide range of industries in many ways. Its potential to change nonprofits goes less noticed than some other use cases, but its ultimate impact on nonprofit organizations will be substantial. Some of the significant changes are still in an experimental phase, but there are many immediate benefits to preparing a nonprofit …

Monday, July 1, 2019

Lessons Learned From Nonprofits on the Digital Transformation Journey

Digital transformation is happening — and not just in the realm of Fortune 500 and tech-based companies. This trend of fundamentally rethinking how organizations deliver value to constituents is becoming mainstream in nearly every sector of the for-profit and nonprofit world. And small, lean organizations might have more to gain from investing in technology to …

Monday, June 4, 2018

Do You Know How Blockchain Could Affect Your Nonprofit?

Remember the early days of the internet? In the 1990s, most of us could not have predicted how that new technology would pervade nearly every aspect of our lives. In many ways, blockchain technology is a similar phenomenon. Most of us first heard about blockchain as the backbone of the cryptocurrency Bitcoin. While Bitcoin still …

Friday, June 1, 2018

Is Your Tax-Exempt Status in Jeopardy?

Dozens of Connecticut nonprofits are facing the prospect of paying large property tax bills after their local tax-exempt status was revoked. While the justification and motivation behind these assessments can be debated, the bottom line is that tax exemption is far from guaranteed. Maintaining tax exemption—at the federal, state and local levels—requires diligent attention. Nonprofits …

Thursday, April 5, 2018

Are Your Operating Reserves Enough for Your Next ‘Rainy Day’?

What would happen if a major fundraising event had to be delayed or a couple of long-expected grants fell through? Where would your organization find the dollars to continue operations until you could recover those lost funds? Just like it’s important for individuals and families to set aside “rainy day” funds for unexpected events, it …

Wednesday, January 3, 2018

Bring the Meeting to Order: 7 Steps for Choosing the Right Board Portal

There’s no getting around it: Preparing for a board meeting can be ponderous—and expensive—for a nonprofit. Someone has to print, collate and distribute all those materials in advance of the meeting. Worse, board members aren’t able to receive last-minute updates or revisions to materials until they arrive at the meeting. Then there’s the issue of …

Thursday, November 16, 2017

Armanino Foundation Turns 1: What We’ve Learned

There’s nothing like real-world experience to drive home what works and what doesn’t. When we created the Armanino Foundation in fall of 2016, we gained a firsthand perspective on the challenges and rewards of establishing and managing a nonprofit organization. To assist others who have a private foundation (or who are considering starting one), we’d …

Wednesday, October 4, 2017

Looking for Better Decision Support in 2018? Consider Software Solutions in These 3 Areas

Nonprofits need realistic numbers on which to base sound operational and strategic decisions, and financial software that is tailored to the industry can help finance teams generate this data quickly and efficiently. Here are three areas where nonprofit-friendly software can facilitate financial processes and deliver the information you need to keep the ship moving in …

Wednesday, June 28, 2017

Telling Your Liquidity Story

Donors and grant makers rely heavily on financial statements when making endowment and contribution decisions. But until now, financial statement users were unable to assess a nonprofit’s liquidity unless they posed follow-up questions directly to the nonprofit. With the new nonprofit reporting requirements soon to take effect, nonprofit leaders have the opportunity to add more …

 
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