Nonprofit Newsletter Spring 2015

In this edition:

The Rumored Winds of Change Have Arrived

By Jack Murray, CPA and HoganTaylor Assurance Partner

On April 22, 2015 the Financial Accounting Standards Board (FASB) issued the much rumored and long awaited Accounting Standards Update (ASU), Not-for-Profit Entities (Topic 958) and Health Care Entities (Topic 954) – Presentation of Financial Statements of Not-for-Profit Entities (proposed update), for public comment. Read more

Alternative Investments & Unrelated Business Income

By Ashley Cooper, CPA and HoganTaylor Tax Manager

In recent years, non-profit organizations have begun to more regularly participate in alternative investments. These alternative investments have the potential for higher returns than traditional investments such as stocks, bonds and property. Examples include private equity funds, real estate funds, venture capital funds, offshore fund vehicles, funds of funds, commodity funds, and hedge funds. Read more

Get To Know The New OMB Cost Allocation Rules

By Kristin Derryberry, CPA and HoganTaylor Assurance Manager

The new mandate is embedded in grant making rules that the federal Office of Management and Budget (OMB) put into effect at the end of 2014. The prior cost principles that an organization followed were dependent upon the type of organization. For state, local and American Indian tribal governments, the prior rules were contained in Circular A-87; for educational institutions, the guidance was found in Circular A-21; and for nonprofit entities, Circular A-122 had previously applied. The new uniform grants guidance consolidates these three cost circulars into one document that will now apply to all entities. Read more

With Charitable Giving Tactics Old and New, Nimble Nonprofits Win

By Laurie De Armond, CPA and BDO Assurance Partner

The numbers are out.

Charitable giving grew by 2.1 percent in 2014, according to the newly-released 2014 Charitable Giving Report from Blackbaud, and this modest growth will no doubt prompt nonprofit fundraisers and executives to take a step back and evaluate their own fundraising results from the past year. But behind this solitary, lackluster statistic, there’s a more complex and profound transformation taking place in the U.S. charitable giving environment. Read more