Nonprofit Management Consulting
Nonprofits and the “Bucket system”: from cash management to investment returns
It can be tempting for nonprofits to focus solely on near-term strategy. The grant environment is challenging, and competition for donor dollars has never been fiercer. Keeping a plan on track that supports financial health is often a year-by-year exercise. That exercise, though, varies widely depending on how the organization brings in revenue. Those that […]
The MA Attorney General Launches Online Payment System (ePay) to Accept Fees from Charities
The Massachusetts Office of the Attorney General (AGO), Division of Public Charities office has announced the launch of its statewide, online payment system to accept annual filing fees from registered charities. Any public charity that is registered with the AGO and has an Attorney General Number may now use the ePay site to remit their […]
AAFCPAs to Present Educational Workshops on Fraud Prevention, Revenue Recognition at National Business Officers Conference in L.A. Benefiting Independent Schools
AAFCPAs has been selected to present complimentary educational workshops on two important topics at the National Business Officers Association’s 2016 Annual Meeting in Los Angeles on February 21-24th. This is a must-attend conference for business officers and other independent school leaders, providing exceptional professional development programming and networking opportunities for over 1,000 independent school professionals […]
FASB Issues Standards for Recognition and Measurement of Financial Assets and Liabilities
AAFCPAs wants to alert you to this change from the Financial Accounting Standards Board (FASB). In their effort to provide users of financial statements with more useful information on the recognition, measurement, presentation, and disclosure of financial instruments, on January 5, 2016 the FASB issued a new Accounting Standards Update (ASU) No. 2016-01, Financial Instruments, […]
ALERT: Non-profits are the latest target of Phishing Schemes
AAFCPAs has been alerted by a number of nonprofit clients that they are receiving emails from scammers who are disguising themselves as an internal, senior member of the organization’s management team. These emails look legitimate and are from an email address very similar to the organization’s email, with a slight variation. In the email there […]
New IRS Employer Reporting Requirements Under ACA
AAFCPAs reminds clients that, pursuant to the Affordable Care Act (ACA), the employer information reporting provision for offers of minimum essential coverage, which applies only to applicable large employers, is now in effect. Do you qualify as an ALE? An applicable large employer (ALE) is, for a particular calendar year, any single employer, or group […]
AAFCPAs to Present Financial Changes, Challenges & Opportunities at CAFCA Conference
AAFCPAs Partner Robin Kelley, CPA, CGMA, in collaboration with the Connecticut Association for Community Action, Inc. (CAFCA), will present two interactive, finance best practices workshops for Community Action Agency Finance Directors and staff at CAFCA’s 2015 Connecticut Community Action Agency Conference on October 9, 2015 at the Hartford Marriott Farmington, Farmington, CT. Liquidity and Organizational […]
Guiding Nonprofits through Charity Evaluator Ratings
AAFCPAs’ Jeff Cicolini in Accounting Today advises “communication and transparency are paramount for companies looking to win over advocates, positively rate with charity evaluators.”
Retain Key Executives in the Nonprofit Sector with 457 Deferred Compensation Plans
Executive compensation continues to receive increased scrutiny from the IRS, Attorney Generals (AGOs), and in the court of public opinion. This scrutiny is intended to ensure that executive compensation does not take away from the charitable mission of the nonprofit; however, the IRS and AGOs also recognize that large public charities are complex organizations that […]