Nonprofit organizations are entrusted with using their resources to serve a defined mission, and with that trust comes responsibility. Boards are legally and ethically obligated to safeguard organizational assets and ensure they are used exclusively for exempt purposes. As financial risks such as fraud, embezzlement, and mismanagement continue to rise, strong governance structures have become …
The 2025 Tax Act created a new deduction for qualified overtime compensation, giving employees a potential tax benefit for the overtime “half” portion of time-and-a-half pay. This article explains who qualifies, how the deduction works, and what employers need to know about IRS transition relief and overtime reporting for tax year 2025.
The IRS has resumed issuing group exemptions after more than five years, but with stricter rules under Revenue Procedure 2026-8. This article explains the updated requirements for central organizations, subordinate oversight, annual SGRI reporting, and the transition steps nonprofits should take before the 2027 compliance deadline.
Nonprofit professionals rely on trusted online resources to strengthen fundraising strategies, stay updated on industry trends, and learn from sector leaders. This guide highlights valuable websites offering donor prospect research tools, nonprofit industry news, and curated podcasts designed to support nonprofit leadership and development.
Nonprofits frequently outsource essential operations such as payroll, IT security, and donor management to third-party service organizations. When those services affect internal control over financial reporting, auditors must follow the requirements of AU-C 402. This article explains how user entity auditors evaluate service organization involvement, review SOC 1 reports, and address issues like subservice organizations and complementary user entity controls.
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