Non-Profit Posts | De Boer, Baumann & Company, P.L.C.

22 Dec 2022

Can My Newly Formed Not-for-Profit Organization Begin Operations Before Receiving Tax-Exempt Status?

Yes, generally a Not-for-Profit Organization can begin operations before receiving tax-exempt status. Recognition is usually effective retroactive to the earlier of: the date of the Organization’s legal formation, or the beginning of the Organization’s programs. Therefore, the Organization’s activities are retroactively tax-exempt and donations are also retroactively tax-deductible to the donor.Note: in order for the program date to […]

22 Dec 2022

New FASB Standards for Reporting Leases Taking Effect

In the United States, there is a uniform set of requirements for both nonprofit and for-profit organizations. However, these requirements and standards are not without change. The most recent change took place this December. To make sure you are aware of these changes and what they might mean for your organization, please follow this link.

22 Dec 2022

To Win Grants Build Your Data Library

Effective grant writing is imperative to most nonprofit organizations. Having an organized system and an up-to-date data library will allow your last-minute grant writing experience to go from stressful to successful. This article provides helpful tips and tricks to make sure that you are prepared for your next grant writing session. Click here to learn […]

6 Oct 2022

Board Governance – Part 3

View the video below to continue in our series on board governance.

19 Aug 2022

Getting Your Grant Proposals Right the First Time

When it comes to grant money, spending the funds in the manner described by your grant proposal is very important—and modifying a grant award is a time-consuming extra step. As such, you should be sure to coordinate carefully among your development team, program staff, and nonprofit proposal writers to ensure that your grant proposals accurately […]

19 Aug 2022

Moving on From the Pandemic: The New Nonprofit Environment

For nonprofits that managed to persist in the face of the pandemic, now is the time to switch focus from surviving to thriving, writes Evgeny Redjebov in a new article for Forbes. This means pursuing new digital approaches, adopting data-driven strategies, and developing an adaptive working environment. Click here to learn more.

17 Jun 2022

Board Governance – Part 2

A Not-for-Profit board is charged with the responsibility to set and oversee the strategic objectives of the Organization, in order for the Organization to accomplish its mission. Governance is the shared responsibility between the board and management of the Not-for-Profit Organization. While the responsibility is shared, the board has liability for the Not-for-Profit Organization, and […]

18 May 2022

Board Governance Series – Part 1

14 Apr 2022

How a New Board Position Could Help Your Nonprofit Tackle Governance Struggles

Nonprofit boards of directors face many challenges when it comes to proper governance, write Paul Jansen and Helen Hatch in a recent article for the Stanford Social Innovation Review. The authors suggest that designating a Chief Governance Officer (CGO) might be the solution to the obstacles that nonprofit boards face. They examine common sources of […]

14 Apr 2022

What You Should Know About the FASB’s New Lease Standards

After repeated delays, new lease accounting rules—ASC 842—introduced in 2016 are finally in effect as of December 15, 2021, writes Denise McKnight, CPA in a new article from The NonProfit Times. The goal of ASC 842 is to “increase transparency and comparability among organizations.” Nonprofit leaders seeking to understand and comply with the new requirements […]