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Blog Category: Non-Profit

Creating an Effective Board – Executive Director Relationship

Is the leadership of your nonprofit organization collaborative and effective or mired in dysfunction? Nonprofit leadership includes both the board of directors and the executive director. The effectiveness of this

Navigating Nonprofit Board Responsibilities

Topics: The Role of the Board The Relationship between the Board and the Executive Director When Things Don’t Go According to Plan How Client Advisory Services Can Help https://youtu.be/ACuTmpNjENQ

Cryptocurrency Donation Basics for Nonprofit Organizations

Over the past several years, cryptocurrency donations to nonprofit organizations have become commonplace. Individuals who are dedicated to digital currency, or who simply wish to take advantage of the potential

Getting your books ready for the new year

With the new year upon us, the time has come to close the books on 2021. For many companies, January is also the beginning of the new fiscal year, and

De Minimis Fringe Benefits to Employees

With the holiday season approaching employers may desire to reward their employees with a little something extra in their stockings also referred to as a fringe benefit.  Consideration for the

Part I: The New Lease Accounting Standard Overview

In February 2016, the Financial Accounting Standards Board (FASB) issued the new standard on leases – Accounting Standards Update (ASU) 2016-02. After some delay, the adoption of the new lease

Evaluating Your Tech Stack

As new technology and software are developed each day, it is important to always be evaluating your organization’s technology stack. You might be asking yourself, “What is a tech stack?”.

New grant program offered by the Wisconsin Economic Development Corporation – Main Street Bounceback.

The Main Street Bounceback grant program provides $10,000 to new or existing businesses and non-profit organizations moving into vacant properties in Wisconsin’s downtowns and commercial corridors. The funds can be

Accounting Standard Update (ASU) 2020-07 – Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets

Not-for-Profit (NFP) organizations typically receive support in the form of financial and nonfinancial assets to help achieve their missions. Nonfinancial assets include fixed assets (land, buildings, and equipment), the use

Understanding Restricted Funds

For those that are familiar with the for-profit accounting world, restricted funds may be a foreign concept. A nonprofit was given a donation – how can it be that you