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 home renovation project inspired our Nonprofit Accounting Manager to think about all kinds of hidden treasures - not just those tucked away behind old walls, but also the unused skills and forgotten ideas that might benefit your organization if they’re brought into the light.
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.