Posted by on 10.03.16
As summer turns to fall, many nonprofits are entering their biggest fundraising season of the year. But along with the challenges fundraising activity can spur, organizations are facing a host of complicated developments in the industry. On the accounting side, the Financial Accounting Standards Board (FASB) recently released Phase 1 of its Nonprofit Financial Reporting Project, which has been hailed as the “biggest change to nonprofit accounting in two decades.” Regulatory activity also abounds, with new regulations around deferred compensation poised to impact the way many nonprofits structure their compensation and benefits plans. In the latest edition of BDO's Nonprofit Standard newsletter, our thought leaders offer comprehensive advice for nonprofits as they navigate these challenges.