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Four Ways to Improve Your Financial Statements
Posted by David Brown on Fri, Apr 18, 2014 @ 11:26 AM

Routine maintenance helps you get the most mileage out of your vehicle, and as the vehicle that represents your not-for-profit’s financial position, your financial statements may need periodic tune-ups. Reviewing your financial statements for ways to improve them helps ensure they accurately reflect your organization to the public, your board and current and potential donors.

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Topics: David Brown, improve financial statements, financial reporting

Some NFP CEOs Receive Excessive Compensation Suggests AG Report
Posted by Charlie Ciccone on Thu, Apr 17, 2014 @ 04:29 PM

Not-for-profit sector compensation has been consistently reviewed by the Internal Revenue Service (IRS) along with state and other federal governing bodies for many years. Recently, Massachusetts Attorney General Martha Coakley with the Non-Profit Organizations/Public Charities Division (“the Division”) undertook a review of not-for-profit compensation in the Commonwealth. [1] The review found annual compensation (including all components of reported compensation) for the CEOs of the selected 25 organizations ranged from $487,000 to $8.8 million. For this reason, as well as the rapid increase in executive compensation in the not-for-profit sector, there frequently have been concerns among the general public with how not-for-profit CEO compensation impacts organizations’ charitable missions.

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Topics: non-for-profit, Charlie Ciccone, AG Report

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