Mission Minded Nonprofits

Telling Your Nonprofit’s Story

Posted on February 21, 2018

Most nonprofits are required to file Form 990 each year with the IRS.  Unlike corporate and individual tax returns, Form 990 is an…

Recruiting Board Members

Posted on February 07, 2018

One of the Ten Basic Responsibilities of Nonprofit Boards developed by BoardSource is to build a competent board.  Boards have a…

Form 1023-EZ Revisions

Posted on January 24, 2018

In June 2014, the IRS released an alternative to Form 1023 to apply for tax-exemption.  Form 1023-EZ is a simpler form for smaller…

Tax Cuts and Jobs Act for Nonprofits

Posted on January 10, 2018

Below is a summary of key provisions of the 2017 Tax Cuts and Job Act that impacts nonprofit organizations. Standard Deduction…

2018 Standard Mileage Rates

Posted on December 27, 2017

The IRS has released the standard mileage rates for 2018.  Beginning on January 1, 2018 mileage rates are as follows: 54.5 cents…

Revenue Recognition for Nonprofits

Posted on December 13, 2017

The Financial Accounting Standards Board (FASB) has issued new accounting standards for recognizing revenue, ASU No. 2014-09,…

What You Can Do Now for the New FASB Nonprofit Standard

Posted on November 29, 2017

The new FASB ASU 2016-14, Presentation of Financial Statements of Not-for-Profit Entities will be required for the year ending…

Succession Planning

Posted on November 15, 2017

With the increase in the number of retiring executives, nonprofits need to plan for succession to ensure organizational…

Reconciling Your Bank Statements

Posted on November 01, 2017

The reconciliation of your organization’s bank accounts is a key financial process.  Ideally the bank reconciliation should be…

Reputational Risk

Posted on October 18, 2017

When talking about risk within a nonprofit, it’s common to think of fraud risk - the areas within the organization that are…

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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