PBMares Accounting Blog

Edward T. Yoder, CPA, MSA

Recent Posts

Does your nonprofit need to register in multiple states?

Posted by Edward T. Yoder, CPA, MSA on Mar 17, 2017 9:49:00 AM

 

If your not-for-profit solicits funds online — or uses other fundraising methods that cross state boundaries — it may need to register in multiple jurisdictions. We’ve answered some commonly asked questions.

My charity receives occasional contributions from out-of-state donors. Do I need to register with those states? Yes, but only if you’re actually asking for donations in those states. The critical activity is soliciting, not accepting, funds. Remember, email and text blasts and social media appeals are likely to be considered multistate solicitations.

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Topics: Not-for-Profits, NFP Bites

Why nonprofits need continuity plans

Posted by Edward T. Yoder, CPA, MSA on Mar 15, 2017 4:40:43 PM

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Topics: Not-for-Profits, NFP Bites

Whistleblower policies protect nonprofit staffers — and their employers

Posted by Edward T. Yoder, CPA, MSA on Feb 21, 2017 2:46:39 PM

Individuals who report illegal or unethical practices may risk their careers, or take other kinds of risks, when they do. Whistleblower policies help protect them. No federal law specifically requires not-for-profits to have such policies in place, but several state laws do. And IRS Form 990 asks nonprofits to state whether they have adopted a whistleblower policy.

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Topics: Not-for-Profits, NFP Bites

What to do if your nonprofit receives an IRS audit letter

Posted by Edward T. Yoder, CPA, MSA on Feb 15, 2017 11:45:27 AM

In recent years, the IRS has increased its scrutiny — including actual audits — of not-for-profits. Do you know what to do if your organization receives an audit letter?

What is an audit?

An audit begins with the initial contact from the IRS and continues until a closing letter is issued. Before closing an audit, an officer of your nonprofit, your CPA and the IRS agent will discuss the agent’s conclusions at a closing conference. Both the conference and letter will explain your appeal rights.

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Topics: Not-for-Profits, NFP Bites

What your nonprofit can learn from for-profit businesses

Posted by Edward T. Yoder, CPA, MSA on Feb 9, 2017 2:41:34 PM

If your not-for-profit is “stuck” and you’re not sure how to move forward, consider adopting some for-profit business practices. The essential missions of businesses and nonprofits are different, but the ways to achieve them often are the same.

Make a plan

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Topics: Not-for-Profits

Put email list segmentation to work for your nonprofit

Posted by Edward T. Yoder, CPA, MSA on Jan 26, 2017 11:23:51 AM

Your not-for-profit likely has a growing list of email addresses for donors, members, volunteers and other supporters. Are you making the most of it? If you send every one of your organization’s communications — donation requests, newsletters, meeting announcements — to everyone, you probably aren’t using these addresses as effectively as you could. Email segmentation can help you get the right messages to the right people.

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Topics: Not-for-Profits

How nonprofits can treat "Founder's Syndrome"

Posted by Edward T. Yoder, CPA, MSA on Dec 15, 2016 9:41:01 AM

Of the many afflictions that can impede a not-for-profit’s growth, one of the more deadly is “Founder’s Syndrome.” This occurs when a single individual — typically the founder, executive director or other long-term leader — wields a disproportionate amount of power and resists efforts to redistribute authority. Fortunately, there’s a potential cure.

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Topics: Not-for-Profits

Your nonprofit needs an investment policy

Posted by Edward T. Yoder, CPA, MSA on Dec 3, 2016 9:35:00 AM

Not-for-profits owe it to their causes and constituencies to uphold prudent fiscal policies. An investment policy designed to safeguard assets is critical to carrying out this responsibility.

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Topics: Not-for-Profits

Is your Not-for-Profit involved in #GivingTuesday this year?

Posted by Edward T. Yoder, CPA, MSA on Nov 29, 2016 1:19:45 PM

Celebrated on the first Tuesday following Thanksgiving, #GivingTuesday kicks off the charitable giving season, when many focus on their end-of-year giving.  First created at the Belfer Center for Innovation & Social Impact in New York City in 2012 to celebrate and encourage giving, #GivingTuesday captures the potential of social media and the generosity of individuals to bring about real change in their communities.  It provides a platform to encourage the donation of time, resources and talents.

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Topics: Not-for-Profits

4 ways to encourage nonprofit donors to make unrestricted gifts

Posted by Edward T. Yoder, CPA, MSA on Nov 18, 2016 10:28:00 AM

Because restricted gifts have stringent rules attached, they can be difficult for not-for-profits to manage and account for. How, then, do you encourage donors to make unrestricted gifts that your organization can use as it deems necessary? Here are four suggestions:

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Topics: Not-for-Profits, NFP Bites