Blog

Anna Lovegren | May. 22, 2023
Keep Thieves from Stealing from Your Nonprofit Youth Sports League
A few years ago, the popular and well-compensated executive director of a west coast youth soccer league was accused of…
Tiffany Shermak | Apr. 26, 2023
Keeping in Compliance with Uniform Guidance
If your not-for-profit receives significant federal funds, it may be subject to the Office of Management and Budget’s Administrative Requirements,…
Becky Gibbs | Apr. 3, 2023
Nonprofits: 4 ratios worth watching
To control your not-for-profit’s expenses and improve operating efficiency, you need to keep an eye on the numbers. This should…
Becky Gibbs | Mar. 20, 2023
Make Your Nonprofit’s Auction a Success by Following IRS Rules
Whether your nonprofit is holding an in-person or online auction to raise funds, you need to be careful to adhere…
Anna Lovegren | Feb. 22, 2023
Passing the Public Support Test
Unless 501(c)(3) organizations prove they’re publicly supported, the IRS assumes they’re private foundations. The distinction is important, because publicly supported…
Becky Gibbs | Feb. 21, 2023
Are Your Accounting and Development Departments like Oil and Water?
When Accounting and Development teams don’t work well together, the situation can lead to more than employee hostility and conflict.…
Becky Gibbs | Feb. 1, 2023
A Refresher on Nonprofit Endowment Management
If your not-for-profit has an endowment, you probably know it’s a major responsibility. Endowment investments generally need to be managed…
Anna Lovegren | Jan. 20, 2023
Valuing Tangible Property Donations Isn’t as Simple as You May Think
A new refugee resettlement charity had only just begun operating when its director realized something: She wasn’t sure how to…
Anna Lovegren | Dec. 30, 2022
Tip to Help Prevent Accounting and Tax Errors
Although failing to file a Form 990 with the IRS when required to do so is probably a more serious…
Anna Lovegren | Dec. 27, 2022
Game On! Just Make Sure Your Nonprofit Follows Tax Rules
If you’re starting to plan activities for a 2023 fundraiser, consider gaming — for example, bingo, poker, raffles and even…
Becky Gibbs | Dec. 14, 2022
New Accounting Standard: Does it Affect Your Nonprofit?
An accounting standard from the Financial Accounting Standards Board (FASB) that takes effect in mid-December, 2022, could require your not-for-profit…
Becky Gibbs | Nov. 29, 2022
Operating Reserves Can Help Cushion Financial Blows
First the COVID-19 pandemic wreaked havoc on not-for-profit finances and operations. Now, many organizations are worried about how high inflation…

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Get in touch with Boyum & Barenscheer

We are a full-service Twin Cities CPA and advisory firm providing proactive tax, audit, and outsourced accounting services to help individuals, nonprofits and businesses achieve long-term success.

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3050 Metro Drive, Suite 200
Bloomington, MN 55425

952-854-4244