Tracking and Reporting Fundraising Expenses - How Much Does it Cost to Get…?
Also examined are Indirect Cost Allocation. Although there is 'no one right way or required method', a nonprofit's Indirect Cost Allocation Plan should be reasonable, consistent and documented.
Joint activities, including joint activities with state and local government, require special reporting, allocation and disclosure. We discuss AICPA SOP 98-2, Accounting for Costs of Activities of Not-for-Profit Organizations and State and Local Governmental Entities That Include Fund-Raising, and the criteria that must be met to be considered a fundraising event.
For more information, contact EisnerAmper's Nonprofit accounting services department.