It’s no secret that nonprofit organizations come in a variety of shapes and sizes. Likewise, the structure of their boards are made up of various shapes and sizes. As a board member, it's important to understand what your role is in providing service to the organization. Especially for organizations without paid staff, board members are [...]
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 [...]
What is the Cloud and How Does it Work? When you hear the saying, “your data is in the cloud”, it doesn’t mean your data is actually stored in a cloud about to drop torrents of rain upon you. The “cloud” merely means that your software and services are running through the internet instead of [...]
This week’s segment of the Performance Measurement video series, Ross Van Laar, CPA, provides an overview of Number of Clients Served.
This week’s segment of the Performance Measurement video series, Dan Montgomery, CPA, provides an overview of Pledge Fulfillment Percentage.
This week’s segment of the Performance Measurement video series, Ross Van Laar, CPA, provides an overview of Nonprofit Board Member Volunteer Hours.
Succession planning is a huge topic in business right now and at TDT we repeatedly talk about it with our for-profit clients. Record numbers of nonprofit executives are preparing for their retirement, making this topic incredibly important and timely. For many nonprofit organizations, conversations regarding succession planning are past due, putting the organization at risk. [...]
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 [...]
FASB’s Not-for-Profit Advisory Committee determined that existing standards for financial statements of Not-for-Profit entities could be improved to provide more useful information to donors, grantors, creditors, and other users. The update is effective for years beginning after December 15, 2017. If your organization has a calendar year-end, you’ll be required to present financial statements under [...]
Dan Montgomery, CPA, provides some insight in preventing and detecting fraud through effective and practical internal controls for our Nonprofit Video Series.