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Nonprofit

Expanded Section 4960 Rules Create New Financial Planning Challenges for Nonprofits

Financial Reporting May 28, 2026 

Expanded Section 4960 Rules Create New Financial Planning Challenges for Nonprofits

The One Big Beautiful Bill Act expands IRC Section 4960, widening the 21% executive compensation excise tax to include all employees earning over $1 million.

Andrew Dorado

Featured Articles

March 31, 2026  

Fund Accountants Shine Spotlight on How the Profession is Transforming

October 31, 2025  

Registration Opens for November 17 FASB Webinar for Private Companies and Not-for-Profits

May 12, 2025  

12 Most Common Financial Reporting Mistakes in Nonprofits

March 7, 2025  

Study: Nearly Half of Nonprofits Lack Funds to Effectively Operate

March 5, 2025  

Supreme Court Says Trump Can’t Freeze USAID Funds for Completed Projects
Grant Thornton Names 20th Purple Paladin: Money Magnets Club

Nonprofit July 16, 2024 

Grant Thornton Names 20th Purple Paladin: Money Magnets Club

Through the program, Grant Thornton helps emerging nonprofit organizations move from “start-up to unstoppable” and provides funding, business advice and volunteer support, while also helping nonprofits raise awareness of their work and mission.

Isaac M. O'Bannon

Former Accounting Director Pleads Guilty to Stealing $430,000 From Nonprofit

Accounting April 26, 2024 

Former Accounting Director Pleads Guilty to Stealing $430,000 From Nonprofit

Katherine Lu Acquista stole from the San Diego Regional Economic Development Corporation over a five-year period, from 2017 to 2022.

NonProfit 1  594a7b50ac981

Nonprofit April 18, 2024 

Only 36% of Not-for-Profits Have Seen an Increase in Funding Following 2022-23 Financial Upheaval

This is a slight improvement over 2023 where only 24 percent of organizations saw an increase in funding while 35 percent saw a decrease.

Isaac M. O'Bannon

NonProfit 1  594a7b50ac981

Nonprofit February 23, 2024 

Nonprofits Face Growing Demand for Services but Staffing Shortages

More than two-thirds of organizations are planning to cut programs and services over the next two years.

Isaac M. O'Bannon

IRS System Upgrades Delay E-Filing for Some Tax-Exempt Organizations

Taxes January 18, 2024 

IRS System Upgrades Delay E-Filing for Some Tax-Exempt Organizations

The IRS said on Thursday that tax-exempt groups won't be able to e-file Form 990-T or Form 1120-POL until March 17.

Jason Bramwell

FASB Adds New Members to Not-for-Profit Advisory Committee

Accounting January 5, 2024 

FASB Adds New Members to Not-for-Profit Advisory Committee

The Financial Accounting Standards Board (FASB) has appointed six new members to its Not-for-Profit Advisory Committee (NAC), effective January 1, 2024.

Isaac M. O'Bannon

Three Ways Outsourced Accounting Can Streamline Nonprofits

Accounting August 23, 2023 

Three Ways Outsourced Accounting Can Streamline Nonprofits

Nonprofit leaders should strive to back up their decisions with real-time financial information. However, for this to happen, they first need the time to think strategically.

Cherry Bekaert Launches Employee-Led Non-Profit Foundation

Firm Management June 30, 2023 

Cherry Bekaert Launches Employee-Led Non-Profit Foundation

The firm's partners have pledged more than $1M to stand up the foundation and support charitable causes and the advancement of the organization.

Isaac M. O'Bannon

Forvis Launches Nonprofit Advisory Services Practice in Arizona Market

Accounting April 26, 2023 

Forvis Launches Nonprofit Advisory Services Practice in Arizona Market

FORVIS has expanded its nonprofit advisory services practice to the Arizona market with the addition of Pete Finley.

Isaac M. O'Bannon

Half of Nonprofits Saw Decrease in Income in 2022

Accounting March 6, 2023 

Half of Nonprofits Saw Decrease in Income in 2022

Nearly one-half of nonprofits saw a decrease in net income in 2022 due to increases in personal compensation and operational costs, decreases in state appropriations and ...

Isaac M. O'Bannon

Grant Thornton Names Fair Opportunity Project as a Purple Paladin

Firm Management September 12, 2022 

Grant Thornton Names Fair Opportunity Project as a Purple Paladin

The word paladin means a champion of a cause. Grant Thornton and its professionals have donated more than $650,000 to Purple Paladin nonprofits.

Isaac M. O'Bannon

Corpay_logo-No-TM_Full-Color@2x

May 18, 2022 

Webinar: Innovations in Nonprofit Client Accounting Services

Join us to learn how Corpay One gives nonprofits, like Nonprofit Bookkeeping, more time to focus on their mission by offering clients a better spend management solution for bill pay and reimbursements.

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