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
Should Nonprofits Utilize Social Media to Generate Donations?
Soliciting online donations is emerging as the preferred fundraising method for many nonprofits, and it’s easy to understand why. Donors have discovered that online gifts are quick and easy to make, and nonprofits are happy that donation receipts can get generated instantly, making record-keeping a breeze. According to a recent
How Not-for-Profits Gain Traction: Seven Practices Great Leaders Use
On June 5th, 2019, for the 18th Annual Non-Profit Leadership Summit, Barnes Dennig welcomed Justin Maust to discuss the top practices required to be a great leader. Maust is a certified speaker, trainer and coach for the John Maxwell Team and travels throughout the Midwest helping leadership
Submit a Volunteer Project: 2019 Outreach Day
The 9th annual Community Outreach Day is open for nominations! Barnes Dennig will again give time, energy and resources to many deserving tri-state agencies to go above and beyond to help them achieve their charitable goals. Now through August 2nd, nominations will be accepted for service projects to be completed
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
Funding & Staffing Challenges Continue for Nonprofits
Providing needed services and programming for individuals and families in need is what makes so many nonprofits essential to various communities. Whether it’s offering career training, educational support and enrichment programs for at-risk youth or housing solutions for those in transition, these organizations are critical in the lives of many.