The Non-Profit Request for Proposal: Best Practices & Focus Areas

Executive Directors and Board of Directors are tasked with many responsibilities essential to the success of a nonprofit organization. It’s imperative they offer leadership and guidance on program management, staff and volunteer recruiting, marketing, community engagement and managing fundraising programs. There is another task management must also address which includes

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Relief for Not-for-Profits Provided by New Accounting Standard

On May 30, 2019, the Financial Accounting Standards Board (FASB) released Accounting Standards Update (ASU) 2019-06, a standard extending relief to not-for-profit entities with goodwill and certain identifiable intangible assets resulting from a business combination. The standard allows all not-for-profit entities to apply accounting alternatives that were formerly only available

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Measuring Nonprofit Financial Performance

Every organization, no matter what its mission, should periodically measure how well it fulfills that mission and how effectively resources are being utilized in the process. While the specific metrics that each nonprofit adopts to assess its performance will differ, certain key ratios should be used to effectively measure overall

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