Board Member
In-Kind Contributions Received by Not-for-Profit Organizations
Not-for-profit organizations often receive donations other than cash – known as in-kind donations. In-kind donations come in many different shapes and sizes, but the most commonly received in-kind donations are for donated materials, rent or services. Generally accepted account principals … read more
What is Private Inurement?
There are lots of times when a client will come to us asking for advice on how to handle a situation after it has occurred. Or they inform us of some information that has happened thinking it is no big … read more
Importance of an Audit Committee
It is a known fact that audit committees are an essential component in corporate governance. The public has been increasingly focused on oversight and governance issues since the Enron scandal. However these issues aren’t just for the “for-profit” industry. It … read more
Are You Fulfilling Your Responsibilities as a Board Member?
I wrote last week about my experience at the Nonprofit Business Summit, and I wanted to share more of the information I got out of what I considered to be a really fantastic conference. One of the breakout sessions I … read more