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.

CASE STUDY

Nonprofit Leverages RSM for the Building Blocks for Building Capacity

By leveraging RSM, NSPE’s COO has tapped into a resource that enables him to build capacity for himself and his finance department.

TAX ALERT

IRS provides guidance on deductions for food or beverages

Notice 2021-25 provides temporary relief on deductions for food or beverage under the Taxpayer Certainty and Disaster Relief Act.

TAX ALERT

IRS TE/GE division releases new compliance initiatives

Eight new initiatives, affecting exempt orgs, employee plans and tax-exempt bonds, added to IRS Compliance Programs and Priorities website.

FINANCIAL REPORTING INSIGHTS

FASB provides goodwill impairment triggering event alternative

The FASB has issued ASU 2021-03, which provides a new goodwill impairment alternative for private companies and not-for-profits.

INSIGHT ARTICLE

5 ways nonprofits can stay agile

To stay nimble, nonprofit organizations should examine these five areas to enhance their ability to adapt to change.

TAX ALERT

The IRS provides further guidance on the Employee Retention Tax Credit

The Relief Act made changes on how the Employee Retention Tax Credit works during the first two quarters of 2021.