By Richard W. Lewis, CPA, CFE, Business Assurance & Advisory Services Partner | Not-for-Profit Team Leader Understanding the Impact of ASC 606 (Revenue Recognition) for Not-For-Profit Organizations Accounting professionals have…
…a non-profit entity may receive in-kind contributions of donated lease space. Nonprofit entity below market rent payments In situations where the non-profit entity is making below market rent payments, the…
…Kind‘, we provide an overview of the new disclosure requirements. Below is an example of a nonprofit disclosure under the new ASU. Sample of Nonprofit Disclosure for Gifts in Kind…
…the ‘ASU 2016-14, Not-for-Profit Entities (Topic 958), Presentation of Financial Statements of Not-for-Profit Entities’ series: Financial Statements of Not-For-Profits: Changes to Net Asset Classifications Financial Statements of Not-For-Profits: Changes to…
…latest impacts of recent accounting and tax guidance and best practices for not-for-profit organizations. Attendees included numerous Richmond not-for-profit organizations. Not-for-profit accounting specialists share their insights on the latest developments…
…of Not-for-Profit Entities’ series: Financial Statements of Not-For-Profits: Changes to Net Asset Classifications Financial Statements of Not-For-Profits: Changes to Net Asset Classifications (Part II) Functional Expense Allocation Methods Not-For-Profits Should…
…and healthcare facilities. For further information, please reference Not-for-Profit Proposal to Allow Goodwill Amortization. Questions on this topic or other not-for-profit accounting concerns? Contact us. We can help. Not-for-Profit Team…
…member of our Not-for-Profit team | Email | 804.747.0000 Additional Not-for-Profit Resources: Clarifying the Scope and Guidance for Contributions Received and Made Not-for-Profit Financial Statements: New Liquidity and Availability Disclosures…
…Earned Income Ventures: Starting a Social Enterprise Upcoming Changes to Not-for-Profit Reporting and Your Organization’s Chart of Accounts Officers, Directors, and Key Employees-Is your 990, Part Vii Complete? Not-for-Profit Blog…
…questions regarding specific financial reporting best practices for your nonprofit, please contact your not-for-profit Keiter Opportunity Advisor. Our not-for-profit team is well versed in these and other not-for-profit best practices….
…with numerous not-for-profit organizations that are leveraging technology to grow their organization. Questions on how technology can help your not-for-profit? Contact us. We’re here to help. NFP Team | Email…
…Nonprofit Board Members Not-for-Profit Board Review of Form 990 Serving on an Not-for-Profit Board? You should be familiar with Form 990 Mission Possible: Profile of an Effective Not-for-Profit Governing Board…