Tag
Financial Reporting
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The Most Expensive Thing Your Association Owns Is the Money It Won’t Spend
The reserve policy review is usually the calmest item on the agenda. The finance committee pulls up the…
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Organizational StrategyArticle
When Research Activity Creates the Illusion of Insight
This article is the first in a three-part series on association research and its role in decision making.…
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Leadership Lessons Learned from Federal Agency Compliance Reviews
Organizational leaders receiving federal funding should be prepared to quickly respond to targeted reviews of their accounting practices…
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When KPIs Clean Up the Mess: Teaching Leaders to Read Dashboards Without Losing Sight of Reality
Leaders love dashboards. Clean lines, color-coded charts, tidy numbers; they’re the digital equivalent of a well-organized closet. I…
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How Unified Financial Management Reshapes Multi-Chapter Orgs
Managing finances across dozens of local chapters is one of the biggest challenges for national associations. While local…
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How Fund Accounting Helps Associations Promote Transparency
Your association likely brings in funding from a wide range of sources, from membership dues and sponsorships to…
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MembershipArticleOver 1 year old
Revenue Recognition for Membership Dues: Four Best Practices
Membership dues likely make up a large portion of your association’s revenue. They allow your organization to provide…
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Organizational StrategyArticleOver 1 year old
From Compliance to Clarity: How Generative AI Transforms Financial Data Into Strategic Intelligence
Many association executives sit on decades’ worth of strategic intelligence — and barely use it. IRS Form 990…
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Ethics in Action: How Clear Reporting Channels Protect People and Principles
In most associations, a code of ethics offers more than aspirational guidance—it defines behavioral boundaries and flags potential…
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GovernanceArticleOver 2 years old
You Can’t Manage What You Can’t Measure
You've perhaps heard the phrase, "If you can't measure it, you can't manage it," typically attributed to famed…
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FundraisingArticleOver 2 years old
Quick Guide: Understanding Grant Funders and Types of Grants
Let’s say you’ve been tasked with finding and applying for a grant for the first time. Grant seeking…
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MembershipArticleOver 2 years old
Five Healthy Financial Management Tips
All organizations, including nonprofits and associations, are held to financial management standards. Sound financial management signals to your…
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Organizational StrategyArticleOver 2 years old
How Inflation Affects Planning, Budgets, and Operating Reserves
Inflation has always been present at some level. When inflation is low, it lurks quietly in the corner…
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GovernanceArticleOver 5 years old
Essentials for Monitoring Your Association’s Investment Portfolio Performance
In 1983, a group of elderly women met in a church basement in Beardstown, Illinois, and decided to…
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GovernanceArticleOver 5 years old
Three Smart Strategies for Monitoring Association Investments
When considering the association investment landscape, it is difficult to know what typical performance is and what makes…
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GovernanceArticleOver 5 years old
What Board Members Need to Know About Changes to Financial Statements
In 2016, the Financial Accounting Standards Board issued a new standard pertaining to nonprofit financial statements: Accounting Standards…
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FundraisingArticleOver 5 years old
How New Guidance Affects Accounting for Contributions and Grants
Among the many financial tasks in nonprofit organizations, accounting for contributions and grants can be particularly challenging. Doing…
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OperationsArticleOver 5 years old
How to Design a Maturity Model for an Association Finance Team
Does your finance department have trouble in paradise? Maybe, if your financial reports are always delayed, people don’t…
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GovernanceArticleOver 5 years old
How to Present Financial Statements to the Board
When associations are presenting their financial reports to their boards, they should aim to give their board members…
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GovernanceArticleOver 5 years old
Liquidity Disclosures 101 for Nonprofits
Right now, the talk among financial professionals in the nonprofit and association community is all about the Financial…
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GovernanceArticleOver 5 years old
7 Changes in the Tax Law That All Associations Should Be Aware Of
On December 22, 2017, H.R. 1, also known as the Tax Cuts and Jobs Act, was signed into…
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GovernanceArticleOver 5 years old
Help Your Board Understand the New Nonprofit Accounting Standards
In August, the Financial Accounting Standards Board set forth new guidelines intended to improve and simplify how nonprofits…
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GovernanceArticleOver 5 years old
Update to Nonprofit Accounting Standards Released
The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update "2016-14—Not-For-Profit Entities (Topic 958): Presentation of Financial…
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GovernanceArticleOver 5 years old
Nonprofits Get New Guidelines for Presenting Financials
More than two decades after issuing rules and regulations for nonprofits on how to present and share their…
