Blog Category
Mission Minded Nonprofits
The Different Types of Tax-Exempt Entities
The most common type of nonprofits are 501(c)(3) organizations. These entities qualify for exemption from federal income tax under…
Audit Committee Versus Finance Committee
Your board of directors is ultimately responsible for your nonprofit, including your financial reporting. Many organizations have an…
Does Your Organization Have Unrelated Business Income?
During the pandemic many nonprofit organizations have gotten creative in generating revenue from new activities. Some of these…
Do You Need an Audit? Maybe or Maybe Not.
The term “audit” sometimes gets thrown around by individuals that may not fully understand what a financial audit is or…
How to Find More Information on a Nonprofit
As a donor or volunteer, you may want to find out more about a certain nonprofit. Reviewing Form 990, a nonprofit’s annual…
5 Things You Need to Know About Raffles
It is not uncommon for nonprofit organizations to hold a raffle or some type of gaming event to raise additional funds. Bingo events,…
Indiana Sales Tax Changes for Nonprofits
Currently the sales of tangible personal property by nonprofit organizations carried on for a total of not more than 30 days in a calendar…
Nonprofits Don’t Pay Taxes… or Do They?
There are some common misconceptions that relate to the nonprofit world. One of which is that nonprofits don’t pay taxes. …
Questions to Ask Before Joining a Board
Have you been asked to join a nonprofit board? Before you say yes, here are some questions that you should ask and why. Who are the…
Accounting Methods: Cash Versus Accrual
An accounting method is a set of rules that determines when revenue and expenses are recorded. The method that an organization follows…
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.