By Scott Severs, CFA, CFP® As fiduciary board members of your non-profit, you have many responsibilities. One of them is appropriately managing your endowment funds so that the long term health of your organization can be ensured. This can be daunting for many participants, but fear not, it doesn’t need to be a herculean task. Here are three recommendations that will help point you in the right direction an...Read More
Of all the challenges that 2020 laid at the doorstep of your nonprofit organization, one that may have come with a mixed reception is the increase in federal funding from the CARES Act and other legislation. On one hand, the additional funds help to meet the unprecedented need of your populations served. On the other hand, the additional funds may have pushed you into Single Audit territory, maybe for the first time ever. If you were already a resident of Federal ...Read More
Over the past few years, not-for-profits have been subject to numerous changes in accounting standards. ASU 2016-14 Presentation of Financial Statement for Not-for-Profit Entities, ASU 2016-18 Statement of Cash Flows – Restricted Cash, ASU 2018-08 Clarifying the Scope and the Accounting Guidance for Contributions Received and Contributions Made and ASC Topic 606 Revenue Recognition, just to name a few. While we have a bit...Read More
Jacobson Jarvis & Co (JJCo) is made up of a team of unique individuals who each bring their own special backgrounds and interests to the table. This series will highlight some of our awesome employees to give you a behind-the-scenes look at what makes JJCo. such a great place to work. This time a...Read More
This post was originally published on Welter-Consulting.com and re-posted with permission.
Perhaps donors have inquired about your organization’s “overhead ratio.” Or, you’ve been asked by a prominent donor to confirm why your “overhead is so high.” What’s with the emphasis on overhead? Is it healthy? What, if anything, can nonprofits do to change the ... Read More