Not-for-Profit Blog

Blogs March 01, 2017 Not-for-Profit Scams to Put on Your Radar

Many not-for-profit organizations continue to be soft targets for fraud and are often at a disadvantage due to their limited resources. Those organizations lacking stronger controls and experienced staff could set the stage for fraud.

Blogs February 23, 2017 The 7 Deadly Sins of Self-Dealing

According to the IRS, there are 7 scenarios where a private foundation would be considered engaging in self-dealing. In order to avoid an audit and potential penalties, it is imperative foundations understand what these are.

Blogs February 20, 2017 A Dozen Succession Planning Tips for Not-for-Profits

Succession is key to sustainability. Succession planning should start at the board level, yet only 34% of not-for-profits reported having a succession plan in place. Not having an effective succession plan could adversely impact donor funding.

Blogs February 16, 2017 Readers of the Form 990 – What Are They Looking At?

When board members receive their organization’s Form 990, they can become a little overwhelmed by the substantial amount of information. Here are 5 parts of the Form 990 that readers are looking at to get to know your organization better.

Blogs February 06, 2017 Not-for Profit Board Members’ Call to Duty

Board members of Not-for-Profits have well-established duties: Duty of Care, Duty of Loyalty, Duty of Obedience and Duty of Fiduciary. Board members who are negligent in their duties open themselves to civil or criminal penalties.

Blogs February 03, 2017 Five Types of Insurance -- Is Your Not-for-Profit Covered?

Adequate insurance coverage is important to protect a not-for-profit from major disruptions to its operations, yet many not-for-profit boards of directors may not be familiar with the types of insurance coverage available to their organizations.

Blogs January 23, 2017 Does Your Not-for-Profit Have an Operating Reserve?

A healthy operating reserve can provide stability for your not-for-profit during unexpected financial emergencies. Management and the board of directors need to add that discussion to the agenda of an upcoming board meeting.

Blogs November 08, 2016 New Not-for-Profit Reporting Presentation - ASU 2016-14 Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities

This blog recaps the presentation of ASU 2016-14 Not-for-Profit Entities (Topic 958): Presentation of Financial Statements of Not-for-Profit Entities that was presented by Jimmy Mo at EisnerAmper Not-for-Profit Industry Update.

Blogs November 02, 2016 New Leases Standard- ASU 2016-02, Leases (Topic 842)

On Tuesday, October 11, 2016, EisnerAmper’s own Jimmy Mo, Partner, and Heather Taylor, Director, presented a Not-for-Profit Industry Update that focused on two recent ASUs issued by the Financial Accounting Standards Board (FASB).