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4 Ways Not-For-Profits Can Improve Fundraising Through Benchmarking
Posted by Tom Griffin on Tue, Aug 30, 2016 @ 11:00 AM

Like an annual physical, regular financial benchmarking helps not-for-profit organizations assess the health of their operations. Most carry out a series of formal and informal assessments every year, comparing investment returns to market indicators and like-endowments, checking their organization’s spending policies relative to similar groups and benchmarking executive compensation.

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Topics: Non-profits, NFP, Tom Griffin, benchmarking

Presenting the New Not-For-Profit Financial Statement
Posted by Michelle Spriggs on Mon, Aug 29, 2016 @ 06:10 PM

Major changes to not-for-profit organizations’ financial statement presentation were recently finalized with the issuance of the Financial Accounting Standards Board (FASB)’s Accounting Standards Update (ASU) No. 2016-14, Not-for-Profit Entities (Topic 958) Presentation of Financial Statements of Not-for-Profit Entities.

Designed to enhance and clarify the information provided in a not-for-profit’s financial statements, the accounting standards update makes changes to the guidance for net assets classification, governing board designations, investment return, underwater endowment funds, expenses, liquidity and presentation of operating cash flows.

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Topics: Non-profits, Michelle Spriggs, NFP, financial statements

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