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Cybersecurity Risks in the Season of Giving
Posted by Ray Gandy on Wed, Dec 20, 2017 @ 01:53 PM

December is a giving time of year, and not-for-profit organizations may be on the receiving end of some financial gifts. Individuals and businesses have strong tax incentives to make charitable contributions before the calendar year wraps up, and as a result, donations may be flooding in. 

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Topics: not-for-profit, NFP, Ray Gandy, cyber attacks, Holiday cyber risks, cyber security

7 Lessons Not-For-Profits Learned From Early Adopting the New Financial Statement Standard
Posted by Michelle Spriggs on Tue, Dec 19, 2017 @ 04:57 PM

Not-for-profit organizations have a year to work on their new financial statement presentation requirements. Changes released in August 2016 affect the financial statement presentation of net asset classification, governing board designation, investment return, underwater endowment funds, capital gifts, expenses, liquidity and operating cash flows. Organizations will need to have the changes ready to go for their 2018 calendar year-end filings (Dec. 31, 2018 or 2019 fiscal year end filings, e.g. June 30, 2019).

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Topics: not-for-profit, NFP, Michelle Spriggs, nonprofit, Not-for-profit financial statement, financial statement reporting, Financial Statement Standard, financial statement presentation requirements

6 Tips for Retaining a Not-For-Profit CFO
Posted by Jay Meschke on Mon, Dec 18, 2017 @ 04:58 PM

Not-for-profit chief financial officers (CFOs) fill many roles, and may be involved in decisions ranging from accounting to real estate and administration. The smaller the organization, the more likely it is that your CFO covers a wide range of responsibilities. He or she could be providing oversight over finance teams while also creating a high level strategy for financial and investment decisions.

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Topics: not-for-profit, NFP, nonprofit, CFO, not-for-profit talent, retention, Jay Meschke

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