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Recent Posts by Chrissy Hammond

Join Us for the 2019 EACUBO Annual Meeting
Posted by Chrissy Hammond on Wed, Jul 17, 2019 @ 11:19 AM

We are pleased to sponsor the 2019 Eastern Association of College and University Business Officers (EACUBO) Annual Meeting being held on October 13-16, 2019, at the Baltimore Marriott Waterfront in Baltimore, MD. EACUBO is centered on professional development, technical expertise and creative value-added, problem-solving.

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Topics: NFP, NFP Conference, EACUBO

9 Ratios to Help Measure Your Not-For-Profit's Financial Health
Posted by Chrissy Hammond on Tue, Jul 2, 2019 @ 01:20 PM

More not-for-profit organizations are recognizing the benefit of financial performance measurement as a strategy for evaluating operations, programs, services and financial stability. One useful measurement tool is financial ratio analysis. It involves taking data from your financial statements, using it to calculate ratios appropriate for your not-for-profit, and then benchmarking those ratios against past performance, management objectives, or other similar not-for-profit organizations.

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Topics: not-for-profit, NFP, financial performance measurement, financial ratio analysis, nonprofit, ratio

Today’s Trends for Not-For-Profits
Posted by Chrissy Hammond on Mon, Jul 1, 2019 @ 10:19 AM

Not-for-profit organizations benefitted from a stronger economy and higher per capita disposable income in recent years. But each sector also faces unique challenges for future growth ranging from the effect of social media on civic organizations to the impact the low employment rate is having on higher education.

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Topics: not-for-profit, NFP, nonprofit, IBISWorld, Not-for-profit trends

Don’t Let Independent Contractors Put Your Organization in a Chokehold
Posted by Chrissy Hammond on Fri, May 31, 2019 @ 11:58 AM

Independent contractor or employee? The question has entered the ring after late-night comedian John Oliver criticized World Wrestling Entertainment for not considering its star wrestlers employees.

He makes a compelling case on his show, Last Week Tonight, that WWE wrestlers should be considered employees who are entitled to benefits such as health insurance, paid time off, and retirement plans. Both classifications of workers are important to the economy, especially as an estimated 56.7 million Americans are choosing to freelance.

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Topics: FICA, not-for-profit, nonprofit, Independent Contractor

The 3 Biggest Employee Benefits Challenges Facing Employers Today
Posted by Chrissy Hammond on Mon, Apr 29, 2019 @ 03:31 PM

Managing a benefits program means managing change, and that change is particularly abundant in today’s health care environment. At the same time, employers must ensure their benefit offerings serve the evolving needs of employees and their families and support the organization’s short-and long-term objectives.

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Topics: not-for-profit, Health care, competing for talent, nonprofit, not-for-profit talent, healthcare, Employee Benefits

3 Not-For-Profit News Stories to Note
Posted by Chrissy Hammond on Wed, Feb 27, 2019 @ 12:12 PM

Several not-for-profit developments emerged during the first part of the year that should be on your organization’s radar: An industry merger could make financial reporting and presentation more important than ever; a not-for-profit employment survey provides a closer look at how the not-for-profit economy is faring; and we have the first indications of tax reform’s impact on charitable giving. The following three stories from the first of the year may affect your 2019 strategic planning.

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Topics: not-for-profit, nonprofit, GuideStar, charitable giving, mergers and acquisition, nonprofit merger, employment survey

2019 Outlook for Donations, Grants, and Endowments
Posted by Chrissy Hammond on Wed, Dec 19, 2018 @ 02:00 PM

Low unemployment, strong stock market performances, and increases in corporate profits made 2018 a stellar year for grant-making foundations and charitable trusts. The sector is primarily fueled by private contributions from individuals and corporations, investment returns, and capital asset gains, so when economic conditions are favorable, grant-makers do well, too. And when grant-makers do well, it benefits the not-for-profit organizations that rely on donations, grants, and endowments to support their programming efforts.

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Topics: Donations, Endowments, Grants, IBISWorld

Attention Massachusetts Not-For-Profits: File Form 3ABC by 3/1
Posted by Chrissy Hammond on Fri, Feb 2, 2018 @ 09:06 AM

Massachusetts-based eligible charitable organizations are permitted exemptions for certain personal and real property. Organizations should be preparing now to file the Massachusetts "Return of Property Held for Charitable Purposes" (State Tax Form 3ABC).

The mandatory form provides a full or partial tax property tax exemption for an organization’s real or personal property so long as the organization files it no later than March 1, 2018. It is due at the Assessor's Office in each city or town in which your organization owns personal and/or real property on January 1 in order to receive a local tax exemption on that property for the fiscal year that begins the next July 1.

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Topics: Massachusetts, non-for-profit, Form 3ABC, nonprofit

CBIZ & MHM to Present at Upcoming 2018 AICUM Spring Symposium
Posted by Chrissy Hammond on Thu, Feb 1, 2018 @ 01:06 PM

Craig Klein, Tax Managing Director in the Not-For-Profit & Education practice, will lead a breakout session entitled, "Tax Reform and its Impact on Higher Education" at the Association of Independent Colleges & Universities in Massachusetts (AICUM) 2018 Spring Symposium. The symposium will be held on Wednesday, June 6, 2018 at Bentley University.

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Topics: AICPA, NFP, NFP Conference

Mid-Year Round-Up of Not-For-Profit News
Posted by Chrissy Hammond on Wed, Jun 28, 2017 @ 03:06 PM

Revenue recognition, charitable giving results, compliance supplements—several recent developments could hold particular interest for the not-for-profit community. The following is a brief round-up of what’s new and noteworthy in not-for-profit accounting and management.

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Topics: Revenue Recognition Standard, Not-for-Profits, FASB, OMB, NFP, Accounting Updates, Economy, charitable giving

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