In this series, we’re exploring some of the basic accounting concepts that every nonprofit professional should know. First up: net assets. What are they, and why are they important?
Contributions of real property can be very valuable to a growing nonprofit. But what happens if your organization no longer has use for that property, but you are unable or unwilling to sell it on the open market?
The Form 990 filing deadline for not-for-profit and exempt organizations is the 15th day of the 5th month following the end of the organization’s fiscal year.
A new Accounting Standards Update will provide greater transparency regarding the amount of in-kind donations received by a nonprofit organization, as well as how their value was determined.
Nonprofit accounting standards require incoming contributions to be classified as one of two categories: contributions with donor restrictions, or contributions without donor restrictions.
