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Does Your Not-For-Profit Have an Effective Audit Committee?
Posted by Allan Klose on Mon, Sep 24, 2018 @ 05:08 PM

Not-for-profit organizations should take a page from the public company playbook when it comes to their governance. The Sarbanes-Oxley Act of 2002 (SOX), makes it a requirement for public companies to have an audit committee that follows several key mandates for reporting annual financial statements. Regardless of size, all not-for-profit organizations can benefit from having an audit committee as well, that can help with governance strategies and, ultimately, provide the best chance to ensure the organization’s success.

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Topics: not-for-profit, NFP, nonprofit, Audit Committee, not-for-profit board of directors, SOX

5 Tips for Not-For-Profits in a Tight Labor Market
Posted by Jay Meschke on Fri, Sep 7, 2018 @ 04:25 PM

It’s a tough time for any organization looking to hire right now. The unemployment rate in July was at its lowest level since 1969, and all signs indicate that the trend will continue. Baby boomers will also continue to retire, leaving a massive void in the workforce.

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Topics: not-for-profit, NFP, nonprofit, CFO, not-for-profit talent, Jay Meschke, competing for talent, retain talent, recruiting, not-for-profit recruitment

New Charitable Contribution Regulations May Require Not-For-Profits to Step-Up Their Game
Posted by Bill Smith on Thu, Sep 6, 2018 @ 06:30 PM

The 2017 tax reform law gives donors more of an incentive to make charitable contributions, increasing the deduction allowed for cash contributions to public charities from 50 to 60 percent of adjusted gross income. Substantiating that deduction, however, may be more challenging due to recently finalized IRS regulations.

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Topics: Charitable contribution planning, charitable giving, not-for-profit, Charitable Contribution Deductions, Tax Reform, Taxes, Bill Smith, Nate Smith

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