Understanding the 2024 Examination Report for Nonprofit Organization Audit Tools

Understanding the 2024 Examination Report for Nonprofit Organization Audit Tools

Quality matters — especially when it comes to the tools auditors rely on to ensure nonprofits stay compliant and trustworthy. That’s why Thomson Reuters has taken an important step to help CPA firms feel confident about using their Nonprofit Organization (NPO) audit resources. Recently, the 2024 edition of NPO underwent a thorough examination to check …

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FASB Not-for-Profit Advisory Committee Activities

FASB Not-for-Profit Advisory Committee Updates | Nonprofit Accounting

If you work in the nonprofit sector, staying current with accounting standards can sometimes feel overwhelming. Luckily, the FASB’s Not-for-Profit Advisory Committee (NAC) is here to help make sure your voice is heard and that accounting rules reflect the unique challenges nonprofits face. In their March 2025 meeting, NAC discussed important topics that could shape …

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Understanding Related vs. Unrelated Income for Nonprofits: What You Need to Know

Understanding Related vs. Unrelated Income for Nonprofits: What You Need to Know

For nonprofits, not all income is created equal. Income that’s related to your organization’s exempt purpose generally remains tax-exempt, but unrelated business income (UBI) can trigger tax liabilities and filing requirements. Understanding which activities generate UBI—and how to manage them—helps protect your nonprofit’s tax-exempt status and avoid surprises at tax time. What Is Unrelated Business …

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We Want Your Financial Statements!

Submit Your Nonprofit Financial Statements for PPC’s 2025 Edition!

We’re excited to announce that work has begun on the 2025 edition of PPC’s Nonprofit Financial Illustrations and Trends—a go-to resource for auditors and accountants serving nonprofit organizations. To make this edition as valuable and current as possible, we’re on the lookout for fresh financial statement examples from nonprofits like yours! What We’re Looking For …

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Crafting an Effective Social Media Policy for Your Nonprofit

Crafting an Effective Social Media Policy for Your Nonprofit

Social media is a powerful tool for nonprofits to spread their message and connect with communities. But with great power comes great responsibility. Employees, volunteers, and board members can either boost your organization’s image or inadvertently cause harm if they don’t understand the risks. A thoughtful social media policy ensures everyone knows the rules and expectations around representing your nonprofit online.