Nonprofit Archives - HW&Co. CPAs and Advisors

Preventing Employee Misuse of Work-Issued Credit Cards

By: Helen Weeber

Imagine one of your nonprofit’s employees misuse their work issued credit card to make substantial personal purchases. You might assume the solution is simple: terminate the employee, report the issue […]

Promote the New Advantages of IRA Qualified Charitable Distributions

By: Helen Weeber

The SECURE 2.0 Act made some new enhancements to IRA-qualified charitable distributions (QCDs) that may benefit your not-for-profit organization — so long as donors know about them. You can encourage […]

Are Your Nonprofit Board Meetings as Efficient as They Could Be?

By: Helen Weeber

According to BoardSource, nonprofit boards that meet monthly should be able to wrap up all business in one to two hours. If your meetings are going longer, it may be […]

Do You Know When Your Nonprofit’s Debt-Financed Income is Subject to Tax?

By: Helen Weeber

If your nonprofit has investment income, dividends, interest, rents and annuities, they’re generally excluded when calculating unrelated business income tax (UBIT). However, income from debt-financed property typically is taxable. So […]

Restricted gifts: What to do when strings are attached

By: Helen Weeber

Brad, the development director of an international environmental charity, was thrilled to learn from a fundraising staffer that one of the charity’s past supporters was promising to make a new, […]

Make Your Board Retreat Productive

By: Helen Weeber

Maybe you think having a board retreat would be nice, but because your not-for-profit organization has a tight budget, you think it’s not necessary. However, consider the benefits. A retreat […]

Nonprofit Boards Evolve Over Time

By: Helen Weeber

One thing every new not-for-profit organization can count on is change. Ideally, the changes you experience will be for the better — expanded programming, increased staffing, more clients served and […]

Even a Lower-Cost Benefits Menu Can Help You Attract Talent

By: Helen Weeber

Some job candidates assume that not-for-profit organizations offer lower compensation than for-profit companies do. If your nonprofit has open positions, this can be a difficult hurdle to overcome — particularly […]

Cross-Training Initiatives Can Get Your Whole Organization in Shape

By: Helen Weeber

Elite athletes train hard to perfect their performance in a particular discipline, but make time for cross-training. For example, a sprinter might, in addition to running for hours, lift weights, […]

Thinking Ahead to Your Next Form 990

By: David M. Reape

The deadline for most not-for-profits to file Form 990 with the IRS (May 15, 2024) has come and gone. Assuming your organization operates on a calendar-year tax basis and filed […]

Nonprofits: Act Thoroughly on Audit Findings

By: Helen Weeber

External audits can help assure your not-for-profit’s stakeholders that your financial statements are fairly presented according to U.S. Generally Accepted Accounting Principles. They can also help prevent occupational fraud. Often, […]

Combatting Negative Public Perceptions of Your Nonprofit

By: Helen Weeber

In 2023, Indiana University’s Lilly Family School of Philanthropy released a public opinion survey that provided both good and bad news for nonprofits. Although the respondents said they trust philanthropic […]

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