In This Issue:
Nonprofit Mergers: When Joining Forces Is the Answer
One in 12 respondents to a recent GuideStar Economic Survey said they believed their nonprofit was in danger of closing for financial reasons. Organizations dealing with a lack of either financial or human resources should start looking for solutions. Joining forces with another nonprofit is one strategy to consider. When researched and executed carefully, a merger can make both organizations stronger. By Scott A. Schuster, CPA
Managing Risks with Special Events Insurance
In order to raise revenue, nonprofits may organize large-scale special events, which can prove effective, but may also carry significant risks. Proper insurance coverage should be considered to help protect organizations from those risks. By Peter A. Buck, CPA
Are Nonprofits Ready? Three Significant Developments in Outreach Technology
Nonprofits focus heavily on engaging with their supporters and building relationships. In the digital age, the emphasis on engagement has created interest around using technology to help nonprofits improve those relationships and enhance engagement. By Robert B. Saling
Accounting Standards Update (ASU) 2012-05, from the Financial Accounting Standards Board (FASB), addresses the diversity of nonprofit practices for classifying cash receipts from the sale of certain donated financial assets (including securities) in their statement of cash flows.
Katz, Sapper & Miller’s Profitable Solutions for Nonprofits is a quarterly newsletter that focuses on tax and accounting issues for the not-for-profit industry.