Hawkins Ash Nonprofit Articles

Donor Acknowledgements: A Great Way to Build Donor Relationships and Fulfill IRS Requirements
For many nonprofit organizations, donor contributions are a significant source of their revenue. It is important to send donor acknowledgment,

How to Accept and Record In-Kind Gifts
Your nonprofit organization may receive contributions in the form of nonfinancial assets, which are goods and services received at no

ASC 842 Lease Standard: Understanding the Impact on Not-for-Profit Financial Statements
Now that most not-for-profit organizations have implemented the new lease standard (ASC 842), it is a good time to look

Understanding Related Party Disclosures: A Guide for Not-for-Profit Organizations
At some point during a not-for-profit organization’s audit, the auditor will likely ask for information pertaining to any known related

Client Feature: Family Promise of Ozaukee County
Since 2015, Family Promise of Ozaukee County has helped those who are homeless or at risk of homelessness. Throughout the

Current Expected Credit Loss (CECL)
ASU No. 2016-13 – Financial Instruments – Credit Losses, will be effective for entities with reporting years beginning after December

Communications With Those Charged With Governance
The audit is complete, the audit report says the financial statements “present fairly”, so that’s that. You don’t have to

7 Ways to Lose Your Non-Profit Status
Non-profits work very hard to gain 501(c)3 status. Once received there are several things that a 501(c)3 (organization) should avoid