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Mission Minded Nonprofits

What Are Your Responsibilities During an Audit?

Posted on September 06, 2017

So you’ve decided that your organization needs to have an audit.  Before the audit engagement starts, are you aware of what your…

Day of Caring 2017

Posted on August 24, 2017

Each year DWD participates in the United Way Day of Caring.  This year DWD staff painted and landscaped at Vincent…

Is Your Nonprofit Meeting the 403(b) Requirements?

Posted on August 23, 2017

Many nonprofit organizations offer retirement plans for their employees.  For many years, 403(b) plans did not have as many…

Business Email Compromise

Posted on August 09, 2017

Business email compromise (BEC) scams are unfortunately becoming more common.  According to the FBI Internet Crime Complaint Center…

Revenue Recognition of Grants and Contracts by Not-for-Profit Entities

Posted on July 26, 2017

The Financial Accounting and Standards Board (FASB) has taken on a new project “to improve and clarify existing guidance on revenue…

Should You Have a Statement of Functional Expenses?

Posted on July 12, 2017

All nonprofit organizations are required to report information about expenses by their functional classification on their financial…

State Solicitation Registration

Posted on June 28, 2017

Nonprofits are required to register in states where they solicit contributions, but what does that exactly mean?  Which states are…

Management and General Expenses

Posted on June 14, 2017

Both generally accepted accounting principles and IRS Form 990 require nonprofit organizations to report information about expenses…

Raffle Prizes Reporting

Posted on May 31, 2017

Many nonprofit organizations hold raffles to raise additional funds. If your organization is planning on holding a raffle, make…

Nonprofits Can Make a Profit

Posted on May 17, 2017

A common misconception of nonprofit organizations is that these organizations cannot make a profit.  That is not true. According…

Disclaimer: The information contained in Dulin, Ward & DeWald’s blog is provided for general educational purposes only and should not be construed as financial or legal advice on any subject matter. Before taking any action based on this information, we strongly encourage you to consult competent legal, accounting or other professional advice about your specific situation. Questions on blog posts may be submitted to your DWD representative.

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