Tax-exempt organizations often refer to individuals who assist with various activities related to the exempt purpose of the organization as…
2024 Revised Uniform Guidance
2024 Revised Uniform Guidance On April 22, 2024, the Office of Management and Budget (OMB) issued guidance for “Federal Financial…
Part II: Estimating Standard Costs – What to Consider
INVENTORY CONTROL: The Standard Cost Inventory Valuation System Series Setting standard costs involves planning and estimating what you expect to…
Illinois Initiates $1 Million Grant Scheme to Strengthen Manufacturing
Illinois Initiates $1 Million Grant Scheme to Strengthen Manufacturing The state of Illinois has recently announced a new grant program,…
CECL for Nonprofits Is Here – Helping You Prepare
Nonprofits have endured the challenges of adopting several new accounting standards over the last several years. Now, after a lengthy…
Understanding Charity Navigator and Other Watchdog Organizations
The chorus of a popular ’80s song says, “I always feel like somebody’s watching me.” Not-for-profit entities (NFP) have their…
