Blog

Tiffany Shermak | Mar. 17, 2021
New Legislation Proposes to Help “Rescue” Nonprofits
Everyone knows about the $1,400 checks earmarked for qualified individuals. But what does the American Rescue Plan Act propose for…
Becky Gibbs | Mar. 10, 2021
Nonprofits: Hit Your Targets with Benchmarking
How committed is your not-for-profit organization to benchmarking? Perhaps you think it makes sense in the for-profit sphere, but not…
Becky Gibbs | Mar. 3, 2021
Rebuilding Your Nonprofit’s Operating Reserves
Events of the past year put a dent in many not-for-profit’s reserves. Perhaps you tapped this stash to buy PPE…
Anna Lovegren | Feb. 26, 2021
Defrauded? How to Help Your Nonprofit Recover
Thousands of not-for-profit organizations fall victim to embezzlement schemes every year — some even losing millions of dollars. But losses…
Not-For-Profit’s Accounting Function
Becky Gibbs | Feb. 10, 2021
It May Be Time to Tune Up your Nonprofit’s Accounting Function
Many organizations get stuck in procedural ruts because it’s easier in the short term to continue doing things the way…
Nonprofit department communication
Becky Gibbs | Jan. 3, 2021
How Well do your Nonprofit’s Development and Accounting Departments Communicate?
Your accounting and development departments are central to the continued financial health of your not-for-profit. So what happens when communication…
Nonprofit member renewals
Anna Lovegren | Dec. 23, 2020
How to Keep your Nonprofit’s Members in the Fold
If your charity or association depends financially on membership fees, you know that nonprofit member renewals are important. Non-renewals are…
Nonprofit endowments spending
Becky Gibbs | Dec. 17, 2020
Nonprofit Endowments Require Knowledge and Resources
If the events of 2020 have taught not-for-profits anything, it’s that financial reserves are essential to long-term survival. An endowment…
Nonprofit donor gifts
Anna Lovegren | Dec. 9, 2020
Nonprofits: How to Acknowledge Donor Gifts
Holiday-inspired generosity and the desire to reduce tax liability makes the end of the year a busy time for charitable…
Nonprofit boards must remain vigilant
Becky Gibbs | Dec. 2, 2020
Nonprofit Boards Must Remain Vigilant as Long as the Crisis Continues
It’s been a tough year for not-for-profits. Many have experienced an increased demand for services just as revenues have plummeted.…
Financial statement footnotes
Becky Gibbs | Nov. 18, 2020
Using Footnotes to Disclose your Nonprofit’s Financial Information
Does anyone actually read footnotes? If they’re financial statement footnotes, the answer is usually “yes.” Footnotes can provide donors, governmental…
Nonprofit leaders know how to delegate
Becky Gibbs | Nov. 11, 2020
Smart Nonprofit Leaders Know How To Delegate
Delegation ideally gives not-for-profit executives time to focus on mission critical tasks and provides growth opportunities to staffers. However, you…

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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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Bloomington, MN 55425

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