Organizations looking to expand their programs sometimes need to obtain bank financing for large projects such as the acquisition of a building. Depending upon the financing received, collateral is often a necessary piece of closing the deal. For organizations with large endowments, the question may come up as to whether the organization may use the [...]
Previously in “Changes to Financial Statements for Not-for-Profit Entities, Are You Ready?” we provided information on the changes to net asset presentation and underwater endowments under the new financial statement presentation standard. Now we will address the new presentation and disclosure items related to liquidity and availability disclosures, functional expenses, investment expenses, and the statement [...]
Many organizations gear up every few years for a capital campaign with the purpose of raising money to acquire or improve a physical asset. A capital campaign can be useful to organizations as donors are drawn to what they can see and feel. As you’re planning and executing your next capital campaign, keep these four [...]
On this week's video series session, Joe Ryan, CPA, will be discussing Operating Reliance in Non Profit Organizations
This week's segment of the Performance Measurement video series, Joe Ryan, CPA, provides an overview of Program Expense Efficiency.
Joe Ryan, CPA, provides some insight on Rainy-Day Funds for the Nonprofit video series.
Dan Montgomery, CPA and Senior Assurance Associate at TDT, explains why having an effective internal control system is important. With more than ten years of experience, Dan specializes in audits of nonprofits, governmental entities, and employee benefit plans. Required Financial Statements Under Generally Accepted Accounting Principles (GAAP), there are three basic financial statements that nonprofits [...]
This week's segment of the Nonprofit Performance Measurement video series, Amanda Lane, CPA, provides guidance on how to measure the savings indicator rate.
We provide the first in our Performance Measurement Video Series. This week's episode is on the metric: Funds Available for Temporarily Restricted Net Assets.