Nonprofit Organizations

WHITE PAPER

Nonprofit board governance: Building blocks

Nonprofit board governance requires a clear understanding of the difference between board members and organization management.

INSIGHT ARTICLE

Audit committee guide for nonprofit organizations

Audit committee roles and responsibilities are under increased scrutiny following financial compliance reporting incidents in recent years.

RSM SERVICES

US Veterans Initiative

RSM helped US Veterans Initiative transition to the cloud and stabilize their IT infrastructure. Watch the video to learn more.

INSIGHT ARTICLE

IRS TE/GE 2020 Program Letter released

The IRS Tax Exempt and Government Entities division released the Fiscal Year 2020 Program Letter on Oct. 17, 2019.

TAX ALERT

IRS Priority Guidance Plan 2019-2020- Exempt Organizations

The U.S. Treasury Dept. and the IRS released the 2019-2020 priority guidance plan, including items related to exempt organizations.

FINANCIAL REPORTING INSIGHTS

FASB votes to defer various effective dates (including CECL & leases)

FASB votes to defer the effective dates of leases, CECL and hedging for certain entities and insurance for all entities.

INSIGHT ARTICLE

Minnesota conformity impacting tax exempt organizations

Minnesota tax-exempt organizations may find some relief knowing that the state does not conform with two major federal changes.

TAX ALERT

Donor information requirements revised, penalty relief granted

Proposed regulations reflect updated donor and other information reporting requirements; related penalty relief provided.