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Non-cash donations to a nonprofit organization are called in-kind contributions, and they come with their own set of requirements—that apply to both the nonprofit and its donors.
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Under the “current expected credit loss” (CECL) model, entities will will need to consider all forward-looking information when determining allowances for credit losses. Here’s what you need to know about the model.
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Growing your nonprofit organization requires more than a well-crafted strategy. You also need efficient administrative processes. Discover five tips for enhancing your organization’s processes.
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To avoid IRS consequences and keep your tax-exempt status, it’s important for nonprofits to file Form 8822-B when changing location or identity.
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Nonprofits aren’t designed to generate a profit, but they still need to monitor their financial health. Learn how QuickBooks can help you track your progress toward achieving financial targets this year and for years to come.
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Abdo’s nonprofit consultants will work with you to make sure you’re well prepared to tackle anything the Single Audit brings your way.
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Most people cringe when they hear the words “single audit.” But here’s the thing: There’s no need to fear. Here are a few things you can do for a stress-free Single Audit.
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Did you know 501(c)(3) organizations are prohibited from participation in any political campaign for or against any candidate for elected public office?
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You and your team need to solve a problem—you need to make a change. But where do you begin? The second article in our Change Management Series sheds light on five steps to follow when planning for change.
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If your nonprofit is hosting a fundraising event this year, you’ll want to think carefully about the activities you’ll include on the agenda: The Minnesota Department of Revenue’s (MNDOR’s) nonprofit fundraising sales tax exemption does NOT apply when gambling takes place at an event.
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