12/15/2025: We’ve updated this blog to reflect our current financial landscape. Read the updated article here. Due to the COVID...
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Non-Profit
01/30/2020
Form 1023 and Form 1023-EZ FAQs
7/8/2025: This blog has been updated! Click here to read the most recent version. What is the Form 1023? Form...
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Non-Profit
12/11/2018
Common Variances between Financial Statements and the IRS Form 990
This article has been updated to include new information and additional context. Click here to read the most up-to-date version....
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Non-Profit
02/26/2018
Guidance on Subrecipient and Contractor Determinations
When an organization receives Federal funds from a pass-through entity (pass-through), it will be classified as either a subrecipient or...
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Non-Profit
12/20/2017
Four Major Steps to Allocating Expenses
Nonprofit organizations are required to present expenses by their functional classification, such as major classes of program services and supporting...
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Non-Profit
01/31/2017
Promises to Give vs. Intentions to Give – When to Record as a Receivable
Update 5/22/24: We’ve updated and expanded upon this post. Follow this link to read Accounting for Unconditional Promises to Give....
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Non-Profit
01/30/2016
Compiling Information for 990 Preparation
Below is a list of the most common information needed to prepare a 990. Less information is needed to prepare...
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Non-Profit
01/30/2016
Common Mistakes in 990 Preparation
Since the 990 is subject to public disclosure rules and is easily available online, it is important to stress accuracy...
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Non-Profit
01/30/2016
Maintaining your Tax-Exempt Status under IRS 501(c)(3)
Once your organization obtains exempt status under IRS 501(c)(3), it is important to be aware of the Federal and State...
