Nonprofit Archives - BeachFleischman CPAs

The Accountant and Child Care Advocacy: Part Two

June 19, 2017 June 21, 2017 Travis Jones Nonprofit child care, child care advocacy, families

quote by Franklin Delano Roosevelt Preparation: Making Sense of Child Care Advocacy as an Accountant As I began to educate myself on what I had signed up for as a Parent Advocate, I soon realized the connections to the local community. I learned that Child Care Aware® of America is the national organization that supports[…]

The Accountant and Child Care Advocacy: Part One

May 15, 2017 June 19, 2017 Travis Jones Nonprofit child care, child care advocacy, families

Photo courtesy: http://usa.childcareaware.org/about/2017-child-care-aware-of-america-policy-summit/ You may be wondering how you landed on an article written by a CPA that is not related to a technical issue? Allow me to explain. Recently, my wife and I received an opportunity to attend the Child Care Aware® of America’s 2017 Family Advocacy Summit. This 3 part series will take[…]

Uniform Guidance Handouts

September 9, 2016 September 8, 2016 Tax Department Nonprofit compliance, guides, nonprofit, requirements, uniform guidance

Organizations, including not-for-profit entities, receiving federal awards are subject to the new Uniform Guidance. The Uniform Guidance was effective for fiscal years beginning after 12/26/14 and supersedes guidance from previous OMB circulars. Most organizations will be impacted by these changes during their 2015 or 2016 fiscal year. Changes include increasing the threshold for requiring single[…]

Politics and Lobbying: Be Involved But Not At Risk

August 7, 2015 Jon Bickerton Nonprofit charities, lobbying, politics, risk management, tax

“If that bill gets passed it is really going to set us back. But what can we do? Charities can’t get involved in politics, right?” You’re probably aware that there are potential dangers for your charity if it gets involved in political or lobbying activity. But the charitable community’s stake in the political and legislative[…]

Before donating a vehicle, find out the charity’s intent

May 27, 2015 Tax Department Nonprofit charity, donations

If you donate your vehicle, the value of your deduction can vary greatly depending on what the charity does with it. You can deduct the vehicle’s fair market value (FMV) if the charity: Uses the vehicle for a significant charitable purpose (such as delivering meals-on-wheels to the elderly), Sells the vehicle for substantially less than[…]

Proposed Changes to Not-for-Profit Financial Reporting

January 12, 2015 February 7, 2019 Eric Maneval Nonprofit FASB, nonprofit, reporting requirements

The Financial Accounting Standards Board (FASB), the organization that sets accounting standards, is in the process of evaluating the current accounting and reporting requirements for not-for-profit organizations. FASB expects to issue an exposure draft with proposed changes to the existing required presentation of net assets and cash flows and current disclosures related to liquidity and[…]

Nonprofits: Focus on Fiscal Matters

January 31, 2012 February 7, 2019 Tax Department News and Events, Nonprofit nonprofit

By Jim Lovelace, Shareholder Many nonprofit organizations have been unable to escape the effects of the current bear market. Although nonprofits are not typically market risk takers, the weakened market did not discriminate and all sectors are feeling the pain today. With the recent economic downturn, portfolios have lost ground. Nonprofit organizations have had to[…]

Nonprofit Entities Mergers and Acquisitions Under the New Accounting Guidance

August 31, 2011 February 7, 2019 Monica Barcelo News and Events, Nonprofit nonprofit

Many nonprofit entities are contemplating merging with or acquiring another organization as a response to the troubled economy of late. Management of these nonprofits see the challenges presented to struggling organizations and consider mergers and acquisitions as a way to shore up finances, consolidate fundraising efforts and reduce administrative costs. Mergers and acquisitions are also[…]