July 1, 2021 - Common sense tells us that every business needs to know how money is being spent in order to know if the business is truly profitable. Both efficiency and profitability matter to nonprofits as much as any business โ and properly...
Cathy Lydon, CPA
Recent Posts
April 29, 2021 - Employers across the country saw a dramatic surge in unemployment due to the COVID-19 pandemic and nonprofits were not spared, with around 40% of nonprofit employees filing unemployment claims as of a November 2020 report from...
May 13, 2020 - As states begin to allow businesses to open and employees return to work, there is a mix of optimism and concern regarding employee safety and the health of the economy. Nonprofits are no different. Many nonprofits nationwide have...
April 10, 2020 - Health experts are predicting the next two weeks will be the most difficult stretch in time during the COVID-19 crisis in the United States. For many nonprofit organizations struggling to provide assistance to their clients,...
March 19, 2020 - The Saint Paul and Minnesota Foundation has established a donation site to collect and redistribute funds to be allocated for coronavirus response efforts by the nonprofit community in Minnesota.
October 26, 2017 โ In August 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2016-14, which has far-reaching implications for not-for-profit organizations. The FASB believes that the complexity of...
October 17, 2017 โ Fraud. It comes in many forms, and some firms, organizations, and institutions are more vulnerable than others. Nonprofits can be some of the most susceptible organizations, as they are often not implementing fraud mitigation...
September 20, 2016 โ You probably know that the new Uniform Guidance over federal programs allows for a two year grace period for implementation of the new procurement requirements. However, we are finding that many entities do not know that...
