In April, we had the privilege of connecting with Maureen Wilmot, Chief Operating Officer for the Earthquake Engineering Research Institute (EERI). We discussed the growth and goals of the organization, those who contribute to the organization, and the programs they offer. Tell me about your organization. How did you start? How long have you […]
In August 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-08, which provides guidance on the accounting and disclosure of crypto assets for organizations, including nonprofits. With the growing presence of cryptocurrencies and other digital assets in both investment portfolios and transactions, nonprofit leaders must familiarize themselves with these updated standards […]
We have all heard of healthy habits for successful people, but what are some of the most important habits for nonprofit accountants, advisors, staff, or volunteers supporting a nonprofit organization’s financial infrastructure? We’ve mapped out our favorites below: 1. Timely Communication Prompt follow-up is crucial in accounting. It’s more than just a courtesy; it’s a […]
