UBI 101: IRS Releases Updated Primer on Unrelated Business Income
The Internal Revenue Service (IRS) continues to focus on unrelated business activities during its audits of not-for-profit organizations. Unrelated business
Postcard from the Georgetown Law: Representing and Managing Tax-Exempt Organizations Day 1
Greetings from Washington, DC! Today kicked off the Georgetown Law: Representing and Managing Tax-Exempt Organizations conference. The opening speaker,
Not-For-Profit Officer and Director Liability: A Volunteer's Cautionary Tale
Early this year, the United States Court of Appeals issued an opinion confirming a jury verdict that held former officers and directors of a bankrupt nursing
Get Ready - Changes Ahead for Not-for-Profit Financial Reporting
As we have written before, the Financial Accounting Standards Board (FASB) has been contemplating making significant changes to the ways that Not-for-Profits
2014 Form 990 Schedule B Instructions Clearly Address Use of the Special Rule
In January, 2014, we published an article addressing the use of the special rule for reporting contributions on Schedule B, Schedule of Contributors, of
Does Your Organization Require an A-133 Single Audit? The Vendor vs. Subrecipient Distinction
Making this distinction properly is very important for organizations receiving federal awards. Subrecipients are subject to audit under A-133, while payments
The 2014 NACUBO-Commonfund Study of Endowments Available by March 2015
The 2014 NACUBO-Commonfund Study of Endowments will be available for purchase by March 2015 at www.nacubo.org. 2014 results are based on 832 U.S. college
OMB Uniform Guidance Interim Final Rule Addresses Cost Reimbursement
On December 18, 2014, The Office of Management and Budget (OMB) released the interim final rule for Administrative Requirements, Cost Principles and Audit
Can For-Profit Subsidiaries of Not-for-Profit Entities elect to Amortize Goodwill under ASU 2014-02?
In January 2014, FASB issued ASU No 2014-02, Intangibles- Goodwill and Other, allowing private companies the option of amortizing goodwill over a 10-year
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