Not-for-Profit Educational Seminar One of the keys to success for not-for-profits is the ability to effectively engage their stakeholders to work collaboratively to achieve their missions. GYF professionals will discuss the role of the Board/Trustees and offer suggestions for more productive interactions, especially with respect to financial oversight. The Pittsburgh Foundation will address opportunities related […]
New Year’s Resolution: Instead of Changing Something, Learn Something! This seminar will help you identify which of your nonprofit’s activities may be subject to the Unrelated Business Income Tax (UBIT). We will also discuss how your organization can evaluate your internal control processes to recognize risk areas and monitor compliance to better prevent fraud. Two […]
Is Your Organization Ready for the New Nonprofit Reporting Requirements? How will you report your net asset balances and activity based upon the new classification classes? Are you prepared to present a statement of functional expenses and the methods of allocation and classification? Have you considered the new required financial statement disclosures regarding liquidity? GYF […]
NetSuite has been recognized as a leader in Nonprofit Accounting by G2 Crowd, a leading peer-to-peer review platform for business software. Their research reports and vendor comparisons are based on user ratings and social data. This accolade, driven by actual users providing reviews about the products they use to run their organizations, solidifies NetSuite’s position […]
NetSuite’s SuiteSuccess for nonprofits product offers powerful new capabilities that transform how nonprofits handle grant accounting. Simply put, NetSuite is making it dramatically easier for nonprofits to track how, when and where a grant is spent on any given project, down to the line-item transactional level. This helps nonprofits better manage complex revenue streams from multiple sources, […]
We are pleased to sponsor Three Rivers Champions, a new online recognition program from Pittsburgh Magazine, designed to honor local individuals who make Pittsburgh a better place by serving our community through volunteerism and charitable deeds. Do you know someone who deserves to be names as a Three Rivers Champion? If so, nominate him or her […]
More than a year after the proposed changes were presented in an exposure draft in 2015, the Financial Accounting Standards Board (FASB) issued the final Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958) – Presentation of Financial Statements of Not-For-Profit Entities. Throughout the process, the FASB garnered feedback and issued updates, and the final […]
To claim charitable contribution deductions for donations made to tax-exempt organizations, taxpayers must make sure they follow all IRS substantiation requirements. Read the article from the Spring 2016 issue of GYF Perspectives.