Gifting in a GoFundMe World

…doubt seen a GoFundMe request come across your feed. GoFundMe is a for-profit firm offering a crowdsourced fundraising platform for most anyone with a cause who wants to raise money….

Changes to Contributor Disclosures on Form 990

…and addresses of those who contributed $5,000 or more to the not-for-profit organization. This requirement has been removed, so applicable not-for-profits will not be required to complete this portion of…

Not-for-Profit Proposal to Allow Goodwill Amortization

…| 804.747.0000 Additional not-for-profit accounting news and information Not-for-Profit Functional Expense Reporting: Management and General Not-for-Profit Lobbying Activities: Know Where to Draw the Line Clarifying the Scope and Guidance for…

FASB Changes to Disclosures for Gifts in Kind

…ASU applies to your not-for-profit organization? Contact your Keiter Opportunity Advisor or Email | Call 804.747.0000. We are here to help. Additional Resources Not-for-Profit Accounting and Tax News and Updates…

Cryptocurrency Accounting for Nonprofits

Article 3 in a 3 part series Nonprofit Accounting Considerations for Digital Asset Donations As cryptocurrency and other digital assets have soared in popularity, many not-for-profit organizations have started considering…

IRS Issues Interim Guidance on “Parking Tax”

…representative or our Not-for-Profit team, Email, 804.747.0000. We are here to help. Additional Not-for-Profit Tax and Accounting Resources: Not-for-Profit Proposal to Allow Goodwill Amortization Not-for-Profit Lobbying Activities: Know Where to…

Keiter Helping to Create a Million Blooms

…over 25 years and holds special meaning as the firm’s longest not-for-profit client relationship. https://youtu.be/JaDCEjOIR8E LEWIS GINTER BOTANICAL GARDEN AND KEITER RELATIONSHIP “We make a concerted effort to always be…

ASU 2021-03: Updated Guidance on Goodwill Impairment

…– Goodwill and Other (Topic 350): Accounting Alternative for Evaluating Triggering Events (“ASU 2021-03”) attempts to simplify the goodwill triggering event evaluation process for private companies and not-for-profit entities. Existing…

Nonprofit Accounting: Fundraising Reminders

…event recordkeeping specific to your not-for-profit organization? Contact your Keiter Opportunity Advisor or Email | Call: 804.747.0000. Our not-for-profit team is well versed in these and other not-for-profit accounting considerations….