Large, long-established not-for-profits generally know where the duties of their staffers end and those of their board members begin. But smaller or newer organizations don’t always understand the limits of…
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In addition to widespread federal funding cuts, many not-for-profit leaders are concerned about a possible economic downturn. If you’re on the board of directors for an organization whose finances aren’t…
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It wasn’t long ago that the not-for-profit sector was struggling to find enough staffers to hire. Now that many organizations are losing federal grants and facing budget shortfalls, they may…
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The Financial Accounting Standards Board (FASB) Accounting Standards Update (ASU) No. 2016-13 seems like it would be old news. But the provision for accounting for current expected credit loss (CECL)…
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At least 68% of not-for-profits experienced one or more data breaches between 2021 and 2023, according to the CyberPeace Institute. Already in 2025, several not-for-profits, including health care, social service…
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The Statement of Functional Expenses (SFE) is a cornerstone of not-for-profit accounting, providing transparency and accountability to donors, stakeholders, and regulatory bodies. However, many organizations face challenges when preparing this…
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