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Monthly Archives: March 28, 2017

Audit or Review, How Much Assurance Do You Need?

By Julleen Snyder, CPA and Erin Welch, CPA Although the U.S. economy continues to slowly recover, contributions and government funding of not-for-profits have still not returned to their pre-recession levels. There are currently over 1.6 million IRS-registered nonprofit organizations which...

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Is it Time for a Financial Health Check-Up?

By Erin Welch, CPA How confident are you in your organization’s long-term financial health? If the answer is only "somewhat," you’re not alone. We’ve assisted numerous not-for-profits looking for ways to improve the answer to that question. Throughout these projects, we observed that man...

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Ten Minutes is All It Takes to Review Internal Controls

In a time of increased scrutiny in the not-for-profit sector, it is essential that your organization does not overlook the importance of self-assessment and continued monitoring. The following are two easy tools that allow you to make an overall assessment of your organization’s accountability and i...

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Dashboards 101: Demystifying Financial Data for Your Board

By Erin Welch, CPA When it comes to understanding financial data, not every board member is a numbers whiz and not every board member absorbs information in thesame way. But considering that the success of yourorganization is deeply affected by the ability of your board to make decisions b...

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Tax Time for Nonprofits: Getting and Keeping Your Tax Exempt Status

Becoming a Tax-Exempt Entity Before an organization can file for tax-exempt status, it must file its organizing documents with the Secretary of State in the state in which it resides. Generally, this means you must have articles of incorporation, bylaws and an employer identifica...

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