FASB Update Steven J. Cohen Principal, CPA, CGFM 10 Feburary 2022 Overview Beginning for financial statements with fiscal years beginning after December 15, 2021, the Financial Accounting Standards Board (FASB) will require private for-profit and not-for profit...
NOT-FOR-PROFIT Why You Should Run Your Not-For-Profit Like A Business 3 June 2019 It’s a well-known truism in the corporate world: Organizations that don’t evolve run the risk of becoming obsolete. But instead of anticipating and reacting to market demands like their...
NOT-FOR-PROFIT How to Convince Donors to Remove “Restricted” from their Gifts 27 February 2019 Restricted gifts — or donations with conditions attached — can be difficult for not-for-profits to manage. Unlike unrestricted gifts, these donations can’t be poured into...
NOT-FOR-PROFIT Steering Your Not-for-profit Through Its Growth Stage 5 October 2018 A not-for-profit’s growth stage generally starts two or three years after formation and continues until maturity at around age 7. This period comes with a sense of accomplishment and...
NOT-FOR-PROFIT Update Your Not-For-Profit’s Social Media Policy 9 August 2018 Perhaps you wrote a social media policy several years ago when your not-for-profit set up a Facebook page. Since then, not only has your nonprofit likely changed, but new social media...
NOT-FOR-PROFIT 3 Steps to a More Ethical Organization 9 July 2018 Whether it’s in the business, government or not-for-profit sector, ethics seem to be on everyone’s minds these days. To ensure your supporters and community understand your nonprofit organization’s...
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