A new federal Scholarship Tax Credit takes effect January 1, 2027, creating new scholarship funding opportunities while leaving key implementation decisions to individual states.
Scenario planning, financial stewardship, revenue diversification, and board-ready reporting are among the approaches nonprofit leaders are using to strengthen organizational resilience.
Nonprofit organizations continue to innovate and rethink how they plan, operate, and report. AAFCPAs’ 2026 Nonprofit Seminar sessions offer experienced perspectives you can employ across...
The Government Accounting Standards Board (GASB) has issued Statement 103, Financial Reporting Model Improvements, introducing meaningful changes to how government entities present their financial information....
Key Takeaways: Program-level review helps identify where resources are stretched and which programs need strategic attention. Combining financial results with mission contribution supports intentional, data-informed...
While the design and construction of a new academic facility can be an ambitious and exciting undertaking, it may present financial challenges. To ensure project...
AAFCPAs would like to make clients aware that the U.S. Office of Management and Budget (OMB) under the Office of Federal Financial Management released the...
Nonprofit organizations are often thought to be tax exempt. But this is a misnomer, as there are many situations where a nonprofit may have to...
In 2016, FASB issued Accounting Standards Update (ASU) 2016-02, Leases (Topic 842) to increase transparency and comparability of lease transactions. AAFCPAs has summarized some of...
