As the bridge between a nonprofit‘s operations and its stakeholders, financial statements can be a powerful storytelling tool. Traditionally, financial statements provide transparency, demonstrate ...

It's relatively easy to get a copy of a nonprofit organization's year-end tax filing, known as Form 990, because laws governing tax-exempt organizations require these organizations to make their ...

To determine the financial health of a nonprofit organization, you need to understand its financial statements. Some nonprofits are required to publish a Form 990, which is a public document. You can ...

If you’re on the board of a nonprofit, or hold an executive position at one, it is your duty to understand the organization’s finances. And if you fail to do so, you could be liable for financial ...

Just about everyone recognizes the challenges and difficulties running a for-profit business but running a nonprofit can be just as challenging, if not more. Many individuals have come to rely – in ...

Terms like “deferred income” and “cash equivalents” are explained in plain English in Not-for-Profit Accounting Made Easy, written primarily for those who haven’t received professional training in ...

At times during audit season, not-for-profit financial statement auditors may feel like medical professionals in January. They’re extremely busy, and many of the “patients” receive the same diagnosis.

The Financial Accounting Standards Board is getting ready to unveil a set of proposals that could have a major impact on the way nonprofit organizations present their financial statements. The board ...

The Financial Accounting Standards Board is expected to release a long-awaited accounting standards update this month to clarify a key issue in the nonprofit world, standardizing how grants are ...