Nonprofit | Cg Tax, Audit & Advisory

10 Jul

An Advisory Board Can Complement Your Nonprofit’s Board of Directors

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July 9, 2020

Your nonprofit has a board of directors — so why would it need an additional advisory board? There are a few reasons. Some organizations assemble advisory boards to provide expertise for a specific project,...

26 Jun

Nonprofit

Regaining Your Tax-Exempt Status if You Failed to File Form 990s

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June 25, 2020

There are many ways for a not-for-profit organization to lose its tax-exempt status — including participating in lobbying and campaign activities, receiving excessive unrelated business income and allowing board members to financially benefit from...

19 Jun

Nonprofit

The Latest News on Nonprofit Fraud is Here

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June 18, 2020

Every two years, the Association of Certified Fraud Examiners (ACFE) publishes what has become the definitive guide for preventing and detecting workplace fraud. The recently released Report to the Nations: 2020 Global Study on...

12 Jun

Coronavirus & Nonprofits, Nonprofit

Rebuilding Your Nonprofit’s Board

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June 12, 2020

In times of turmoil, your board of directors should be your not-for-profit’s rock-solid foundation. But what if your board is understaffed or simply doesn’t provide the leadership your nonprofit requires? Think about rebuilding it...

29 May

Coronavirus & Nonprofits, Nonprofit

To Survive the Current Crisis, Your Nonprofit Needs Multiple Revenue Sources

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May 28, 2020

One of the strongest predictors of a nonprofit’s long-term survival is multiple revenue streams. Many organizations with only one or two found that out that the hard way when they failed during the 2008...

22 May

Nonprofit

When Nonprofit Contributions Are Quid Pro Quo

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May 21, 2020

Charitable contributions aren’t always eligible for tax deductions — even when the nonprofit recipient is tax exempt and the donor itemizes. Take “quid pro quo” donations. These transactions occur when your organization receives a...

15 May

Coronavirus & Nonprofits, Nonprofit

Is Your Nonprofit’s Tap Running Dry?

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May 14, 2020

The novel Coronavirus (COVID-19) crisis has put enormous financial stress on many nonprofits — whether they’re temporarily shut down or actively fighting the pandemic. If cash flow has dried up, your organization may need...

08 May

Coronavirus & Nonprofits, Nonprofit

Time to Team Up: Nonprofit Partnerships

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May 8, 2020

Limited staff and financial resources during the novel Coronavirus (COVID-19) pandemic may have your nonprofit looking for new ways to achieve your mission. Partnering with a like-minded organization potentially enables you to pool funds,...

01 May

Coronavirus & Nonprofits, Nonprofit

Nonprofits: Navigate COVID-19 Obstacles With Virtual Board Meetings

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May 1, 2020

The novel Coronavirus (COVID-19) pandemic has forced many of us to work differently — whether it’s isolated at home or in-person wearing facial masks and other protective gear. Even if your nonprofit’s board of...

24 Apr

Coronavirus & Nonprofits, Nonprofit

Here’s How to Handle Gifts in Kind and Donated Services

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April 24, 2020

As unemployment and financial insecurity become widespread during the novel Coronavirus (COVID-19) crisis, many nonprofit donors find themselves unable to provide monetary support to favorite charities. Instead, your organization may receive offers of gifts...

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