Blog

Jasmin McKenzie | Aug. 27, 2025

Pinched Nonprofits May Want to Free Up Board-Designated Assets

In general, nonprofits can’t use restricted assets for purposes other than those specified by the original donor. Board-designated assets (or…

Becky Gibbs | Aug. 5, 2025

Tax Credits for Private Education Donors

The recent changes to the OBBB Tax bill have implications for nonprofit organizations (NFPs), particularly those involved in education. These…

Jasmin McKenzie | Apr. 23, 2025

Mine Your Nonprofit’s Audit Report for Good Suggestions

Your nonprofit must carefully review findings after an annual audit and correct any deficiencies identified in the audit report. But…

Ashley Sparks | Mar. 12, 2025

Nonprofit Board Members: Watch for Financial Warning Signs

In addition to widespread federal funding cuts, many not-for-profit leaders are concerned about a possible economic downturn. If you’re a…

Ashley Sparks | Feb. 5, 2025

Preparing for a Financial Crisis? Build Up Operating Reserves

You never know when your not-for-profit might experience a financial blow. With the current efforts in Washington to slash expenses,…

Anna Lovegren | Jan. 29, 2025

Lost and Found: Regaining Your Nonprofit’s Tax-Exempt Status

The IRS regularly revokes the tax-exempt status of not-for-profits — mostly for failing to file annual information returns. Losing your…

Jasmin McKenzie | Jan. 23, 2025

Making Cost-Allocation Decisions for Your Nonprofit

Cost allocation probably isn’t your favorite task — particularly if your not-for-profit has many activities. Yet the process is critical…

Anna Lovegren | Dec. 17, 2024

What Nonprofits Might Expect from the Change of Control in Washington

The reelection of Donald Trump as President and control of the U.S. Congress by Republicans are anticipated to usher in…

Anna Lovegren | Oct. 10, 2024

Board Independence is About More Than Avoiding Conflicts of Interest

Are your not-for-profit’s board members independent? Your immediate response is probably, “of course!” But contrary to what many nonprofit leaders…

Jack McHatton | Sep. 16, 2024

When Your Nonprofit’s Debt-Financed Income is Subject to Tax

If your nonprofit has investment income, dividends, interest, rents and annuities, they’re generally excluded when calculating unrelated business income tax…

Jasmin McKenzie | Sep. 4, 2024

Welcome Charitable Pledges — and Account for Them Properly

The difference between financial pledges and donations is relatively simple: Pledges are promises to donate sometime in the future, and…

Becky Gibbs | Aug. 23, 2024

Restricted Gifts: What To Do When Strings Are Attached

Brad, the development director of an international environmental charity, was thrilled to learn from a fundraising staffer that one of…