Blog
New Lease and In-Kind Contribution Standards
Both nonprofit board members and management are responsible for their organization’s finances. Part of this responsibility is making…
Accounting Basics For Fundraising Activities
The accounting department and development department are both critical to the success of your organization. However, their reports may…
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…
Set Up A Like-Kind Exchange
Under Code Sec. 1031, a taxpayer can make a tax-free exchange of real property held for productive use in a trade or business or for…
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…
Benefits of Virtual CFO Services
The biggest hurdle companies are facing this year is a labor shortage, which no industry or position is exempt. How would you like to find…
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,…
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.