NFT Considerations for Not-for-Profit Organizations

Question: I’ve heard about other not-for-profit organizations selling NFT’s. What are these? and why would an organization do this? Are there tax implications that should be considered? Answer: NFTs (non-fungible tokens) are unique, digital items that hold value and are recorded on a blockchain for their original creators to buy, sell or trade. NFTs can […]

Federal Audit Clearinghouse Provider Changing from Census to GSA

Are you an organization receiving federal funds over $750,000 during the year? Then in the past you have probably had an audit performed under Uniform Guidance and completed a submission regarding your federal awards to the Federal Audit Clearinghouse. On October 1, 2022, the Federal Audit Clearinghouse provider will change from Census to the General […]

Oversight and controls are key to limiting fraud in nonprofits

Oversight controls fraud nonprofits

Recently, the Association of Certified Fraud Examiners (ACFE) published its biannual Report to the Nations: 2022 Global Study on Occupational Fraud and Abuse. Of all the types of organizations surveyed by the ACFE, not-for-profits actually were the least likely to experience occupational fraud. However, nonprofits also are generally the least likely to be able to […]

For nonprofits, quid pro quo isn’t a simple exchange

Quid pro quo donations occur when a not-for-profit receives a payment that includes a contribution and the organization provides the donor with goods or services valued at less than the contributor’s payment. Among other things, these arrangements create reporting obligations for your nonprofit. And if you don’t meet these obligations, the IRS could assess financial […]

Unique Entity Identifier (UEI) Has Replaced the DUNS Number

Person's hand on laptop keyboard

As CSH works with our clients who had $750,000 or more in federal expenditures this year, we wanted to them know that filing the data collection form might need more information this year. CSH’s Amr Elaskary explains why below and what you need to do. What happened? The federal government is transitioning from using the […]

Nonprofits: Tips for getting the grant

There are thousands of grants and millions of dollars available to nonprofits from the federal government, states, foundations and other sources. Unfortunately, you can’t just ask nicely and expect to receive them. Qualifying for the funding your organization needs generally requires you to submit thorough, professional and compelling grant proposals. Here are a few tips. […]

Cost Segregation: Frequently Asked Questions

Bonus Depreciation Cost Segregation TCJA

If your company is planning to build, purchase or renovate a building, or has done so in the past several years, a cost segregation study is a powerful tool that may help boost your cash flow and decrease your tax liability. These Frequently Asked Questions (FAQ) were designed to help you determine whether a cost […]

Support your nonprofit’s financial plans with board designations

The pandemic, ongoing economic insecurity and uncertainty about the future have prompted some not-for-profits to make board designations of unrestricted assets. What are board designations, why are they worth considering and how does the process work? Self-imposed limits “Board-designated assets” refers to funds that haven’t been restricted by donors but are subject to self-imposed limits […]

Webinar: Giving USA, the Official Report on Trends in Philanthropy

Please note: CPE was only available for the live version of this webinar. CPE is not available for webinars on demand. With all the turmoil in the world, one thing hasn’t changed: not-for-profits need their donors’ support. Having a winning game plan for retaining current donors and recruiting new ones can make all the difference. […]

CFO, yes or no? Here’s how to decide

Whether your not-for-profit organization needs a chief financial officer (CFO) depends on many factors, such as the size of your organization, the complexity and types of revenue sources, and the number of programs you have. Static organizations are less likely to need a CFO than those with evolving programs and long-term plans that rely on […]