News

Researchers find the way to narcissists’ wallets Narcissists generally have trouble recognizing and responding to others’ needs. But that doesn’t mean nonprofits can’t successfully target them for donations. The secret, according to a study conducted by the University of Buffalo School of Management, is to focus your solicitation on the narcissists themselves. The study found

U.S. Generally Accepted Accounting Principles (GAAP) requires a nonprofit’s management to regularly evaluate whether there’s “substantial doubt” about the organization’s ability to continue as a going concern — meaning it won’t soon liquidate its assets and cease operations. With some nonprofits worried about declining donations in today’s environment, this question might be more relevant than

An American legislator once said, “Everyone is entitled to his own opinion, but not his own facts.” And the same goes for organizations. Your donors and other constituents want to know facts about your organization, not wishful thinking. Enter data analytics. It’s a science Data analytics is the science of collecting and analyzing sets of

As nonprofits increasingly take on thorny problems that call for large-scale social change (for example, global warming, economic development or education), some are turning to a relatively new approach known as “collective impact.” Proponents say such cross-sector coordination is more likely to achieve change than isolated interventions by individual groups. Collective impact in a nutshell

On September 13, the House Ways and Means Committee passed three separate bills that will be the cornerstone of what is being referred to as Tax Reform 2.0. The bills focus on making permanent certain provisions of the Tax Cuts and Jobs Act (TCJA) that affect individuals, families, and small businesses. They also promote family

In August, Securities and Exchange Commission (SEC) officials announced plans to update the interpretive guidance for estimating loan loss allowances to reflect the updated credit loss standard. The accounting standard goes into effect in 2020 for public financial institutions. Changes under U.S. GAAP Under U.S. Generally Accepted Accounting Principles (GAAP), banks currently measure their loan

The Financial Accounting Standards Board (FASB) is looking for public companies to participate in its study about the prospects of improving the guidance for aggregating business segments and the reportable segments process. The study is the first phase of its outreach on segment reporting. To aggregate or not to aggregate? The FASB doesn’t want to

Large public companies that have already implemented the new lease standard are reporting that it takes much more legwork than they’d anticipated. The Financial Accounting Standards Board (FASB) recently approved amendments to the standard that were designed to aid implementation. However, many companies that lease assets are still running behind in terms of implementing the

IRS Released Interim Guidance and Transition Rules for New UBIT Law The Tax Cuts and Jobs Act of 2017 added a new section 512(a)(6) to the Internal Revenue Code. Section 512(a)(6) requires nonprofits with more than one source of unrelated business income (UBI) to calculate taxable income separately with respect to each trade or business.

One of the most valuable tax breaks in the Tax Cuts and Jobs Act (TCJA) is the new deduction for up to 20% of qualified business income (QBI) from pass-through entities. The IRS recently issued proposed regulations that help clarify who can benefit from the deduction. One of the issues the regs clarify is how