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Recent Posts

How Auditors Review Your Revenue and Why You Should Too

Posted by admin on Feb 19, 2019 9:53:48 AM

Auditors examining a nonprofit's financial statements should spend considerable time on the revenue figures. At BBD, we look at the accounting methods used to record revenues and perform a detailed income analysis. You can use the same techniques to increase your understanding of your organization's revenue profile. 

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Complying with Challenging New Procurement Standards

Posted by admin on Feb 15, 2019 1:15:56 PM

The relatively new federal procurement standards, which went into full effect in fiscal year 2017, significantly alter the way nonprofits receiving federal funding handle purchasing. You may have changed your written policies, but are you complying with the standards in practice? If not, you could risk losing funding. 

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Are you Asking for too Much? Beware of Donor Fatigue

Posted by admin on Jul 19, 2018 10:48:34 AM

The end of your fiscal year is often a time for a push in fundraising and giving. But after the flurry of this year-end fundraising, you and your not-for-profit’s staff are probably ready for a little break. Be aware that your supporters may be tired, too. At some point, even the most philanthropic individuals experience donor fatigue and start saying “no” — even to their favorite charities.

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Nonprofit Collaborations are Complex, but could Pay Off

Posted by admin on Jul 10, 2018 11:23:57 AM

As discussed in a previous post, we’re seeing an increase in nonprofit collaboration, whether through mergers, acquisitions or, as we’ll discuss in this post, alliances. The success of these arrangements depends on careful planning and oversight.

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A Checklist to Avoid a Conflict of Interest in Nonprofit Organizations

Posted by admin on Jun 28, 2018 11:56:03 AM

When an arrangement is personally benefiting one of your officers, board members or employees, you are in violation of IRS guidelines regarding conflicts of interest in nonprofits, and you could lose your tax-exempt status as well as your good reputation.

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The Basics for Executing a Successful Nonprofit Capital Campaign

Posted by admin on Jun 20, 2018 11:24:33 AM

A nonprofit capital campaign is one of the best fundraising methods, particularly if you have a certain project or purchase in mind. But capital campaign fundraising requires strong leadership, extensive planning and dedicated participants.

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Six Strategies for Financially Troubled Nonprofits

Posted by admin on Jun 14, 2018 11:41:43 AM

When your nonprofit organization is struggling financially and you’ve already attempted to cut costs in more traditional ways, like wage freezes and layoffs, what’s next? 

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Accounting For Gifts In Kind And Donated Services

Posted by admin on Dec 5, 2017 3:30:00 PM

Not-for-profit organizations do not exclusively receive cash donations. Your support also likely comes in the form of gifts in kind and donated services. But even when such gifts are welcome, it can be challenging to determine the value of donated items for financial reporting purposes.

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Make The Most Of Your Audited Financial Statements

Posted by admin on Nov 28, 2017 11:30:00 AM

Many organizations are required to receive an annual audit, and it may at times seem like a burden to an organization. However, effectively audited financial statements are a tool for good governance. Your management team and board can learn a great deal and truly better your organization.

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How To Get The Most Out Of Your Nonprofit's Endowment Fund

Posted by admin on Nov 21, 2017 4:00:49 PM

Many not-for-profit organizations rely on income from endowment funds to help meet operating expenses, ease cash-flow problems and supplement each year’s annual budget. Although endowments are often a financial bedrock for nonprofits, there are endowment fund rules that you must follow.

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