Nonprofit Resources
Challenges in Auditing GIK
Assessing an nonprofit’s policies and procedures related to valuing material gift-in-kind (GIK) transactions is an important part of an NFP audit. Because there is no single source of pricing that is appropriate for valuing GIK donations, it falls on the NFP to arrive at an appropriate estimate of fair value. Here are some key considerations.
The Importance of Cybersecurity Training
While your organization needs to have filters, processes, and controls in place, it’s important to not overlook the “doors” that can be left unlocked by employees and other network users.
Giving Thanks
November 15, 2018 - Happy Thanksgiving! We are grateful to work alongside nonprofits that are changing lives every day. We want to let you know about some changes that will help us continue to empower nonprofits in the decades ahead.
4 Steps to a Solid User Administration Process
Although it may seem like a small detail in the grand scheme of cybersecurity, a good user administration process plays an important role. Taking some basic steps will help your organization create a solid process and reduce your organization’s risk of a breach.
How Does Your IT/IS Garden Grow?
If you separate the IT and IS functions in your organization, you will begin to see how complementary these positions can be in supporting your technology environment in a secure and controlled manner.
Nonprofit Issues Newsletter, October 2018
What to know about reporting contributions of nonfinancial assets, audit committee charters, first-time employee benefit plan audits, and much more.
Gifts-in-Kind: Reporting Contributions of Nonfinancial Assets
Since the standards for recognizing contributions at their fair value were issued in 1993, NFPs have been challenged to measure the value of the myriad contributions they receive. This controversial area is once again being addressed by watchdog agencies and state attorneys general and, thus, is one that NFPs should navigate with care.
IRS Clarifies Deductibility of Business Meals
October 4, 2018 - Since the passage of the Tax Cuts and Jobs Act, there have been a lot of questions about how reimbursement for meals should be treated. Now the IRS has issued guidance.
IRS Clarifies Taxability of 2017 Moving Expenses
September 24, 2018 - The IRS has clarified that 2017 moving expenses paid or reimbursed in 2018 are not subject to federal income or employment taxes.
Business Continuity and Disaster Recovery Planning
The business continuity and disaster recovery environment is changing every day. It is critical for nonprofits to establish baseline plans, back-up configurations, and training and testing processes to ensure ongoing operations.