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How Not-For-Profit Organizations Can Drive Organizational Change through Internal Coaching
Posted by Leslie Anderson on Thu, Nov 30, 2017 @ 12:54 PM

High-performing not-for-profit organizations are by design, not default. They begin and end with high-performing individuals. Not-for-profits face some challenges competing for talent in the marketplace. Although the jury’s still out on how pay and benefits in the not-for-profit sector compares with the for-profit sector, not-for-profits may have a smaller recruiting budget than their for-profit counterparts. They may also not have the fully developed leadership programs that many for-profit corporations use to enhance the skillset of talented staff. As a result, not-for-profits may have a harder time attracting and retaining the high-profile talent they need to become that high-performing organization.

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Topics: Internal Coaching, Socratic Method, Not-for-profit leadership, Leslie Anderson, Executive coach, leadership programs

What Not-For-Profits Stand to Gain (or Lose) from the Latest Tax Reform Plan
Posted by Craig Klein on Thu, Nov 30, 2017 @ 11:39 AM

Congress took its first steps toward tax reform when both the House and the Senate released versions of their changes to the tax code. The House passed its version of the Tax Cuts and Jobs Act, while the Senate Finance Committee approved its version of a tax reform bill on November 16. Provisions vary significantly between the House and the Senate versions of the tax reform plan, but they share one element in common: they both have provisions that will affect not-for-profit organizations.

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Topics: Craig Klein, Taxes, not-for-profit tax, House of Representatives, Congress, senate, estate tax, Charitable contribution planning, executive compensation, Tax Reform

Accounting Updates That Affect Not-For-Profit 2017 Financial Statements
Posted by Mark Winiarski on Tue, Nov 28, 2017 @ 03:10 PM

The close of the calendar year provides a good opportunity for not-for-profit organizations with June 30 fiscal year ends to plan ahead. Many accounting standard changes went into effect for 2017 fiscal years. The updates could affect financial statements in multiple places, from adding or changing disclosures to modifications in internal controls over financial reporting.

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Topics: ASU, not-for-profit, FASB, Mark Winiarski, Consolidation, 2017 fiscal year end, Equity Method of Accounting

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