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Is a Non-Profit Required to Have a Balanced Budget?

  • September 10, 2020

Non-Profit organizations are not required to have a balanced budget. The following article is in reference to operating budgets and should...

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CARES Act

  • March 27, 2020

Congress has passed a $2.2 trillion stimulus package to support the economy during the virus pandemic.  The President has indicated that...

Implementing the New Financial Statement Presentation Standard for Not-for-profits

  • December 14, 2018

Written by Eric Lampe  Earlier this year, the Financial Accounting Standards Board (FASB) issued new guidance on an accounting standard impacting...

New Guidelines for Not-for-Profits that Receive Federal Funds

  • November 9, 2015

written by Aaron Spencer On December 26, 2014, the White House Office of Management & Budget (OMB) implemented new federal regulations:...

Ensure Your Charitable Donation Goes to Legitimate Organization

  • November 18, 2013

Americans donate hundreds of millions of dollars every year to charity. It is important that every donation be used as the...

FAQ: What expenses can I deduct when I do volunteer work for a charity?

  • October 2, 2013

written by Eric Lampe Many of us have charitable organizations that are important or special to us. We know that they...

Key Tips for Nonprofit Audit Committees

  • September 9, 2013

written by Eric Lampe “The independent audit committee fulfills a vital role in governance. The audit committee can be a critical...

Is a Non-Profit Required to Have a Balanced Budget?

  • February 11, 2013

written by Joe Page The correct answer is no. The following article is in reference to operating budgets and should not...