Blog
Articles posted in Mission Minded
Cash or Accrual?
Posted on Wednesday, June 05, 2013
It is important to understand the different methods that can be used to record an organization’s revenues and expenses. There are two principal
The Statement of Cash Flows
Posted on Wednesday, May 22, 2013
The statement of cash flows is one of the hardest in a set of financial statements for a reader to understand; however, it can be a powerful tool used to
Operating Reserves
Posted on Wednesday, May 08, 2013
Operating reserves are a common issue among nonprofit organizations. We’ve all heard that every nonprofit should have a cash reserve equal to
Reporting Changes to the IRS
Posted on Wednesday, April 24, 2013
Sometimes an organization will make changes to its programs, bylaws or even its name. Did you know that you are required to report these and other
Functional Expenses
Posted on Wednesday, April 10, 2013
According to generally accepted accounting principles, all nonprofit organizations are required to report information about expenses by their functional
Ten Basic Responsibilities of Nonprofit Boards
Posted on Wednesday, March 27, 2013
Today’s nonprofits are faced with an increasing demand for services, challenges of finding additional funding sources, and IRS reporting
FDIC Limit Decreases
Posted on Wednesday, March 13, 2013
Are your bank deposits insured? Section 343 of the Dodd-Frank Wall Street Reform and Consumer Protection Act (Dodd-Frank Act) provided temporary
The Budgeting Process
Posted on Wednesday, February 27, 2013
All nonprofit organizations should have a budget that identifies the expected revenue and expenses for the upcoming year. A budget is a plan that allows
Nonprofit Federal Filing Basics
Posted on Wednesday, February 13, 2013
Nonprofit organizations are tax exempt and do not file income tax returns. However, the IRS still wants information on a nonprofit’s programs and
Nonprofit Forms
Posted on Wednesday, January 30, 2013
Ever wonder where you can find the form you need for your nonprofit organization? Below is a listing of common forms for Indiana nonprofits that can be
