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Reilly Nonprofit Advisor

Performance measurement: ‘Super metrics’ can prove your nonprofit’s effectiveness

May 12, 2017

Everyone, it might seem, wants to know how effectively your nonprofit is fulfilling its mission and running its operation. Outcome measurement — essentially a way to determine the impact of a program or activity — can provide interested parties with proof that you’re doing your job well. Unlike traditional measurements, such as number of clients served or amount of donations received, these “super metrics” allow an organization to assess whether a program is achieving its intended results.

Reilly Nonprofit Advisor

A donation’s a donation… except when it’s a gift in kind

May 12, 2017

Some supporters give your nonprofit money, others give goods and still others give intangibles, such as use of a facility for a fundraiser. A donation’s a donation, right? Not quite. Under certain circumstances, gifts in kind and donations of services must be recorded and recognized at year end as revenue, expenses or assets. Here’s what you need to do when your nonprofit receives one of these gifts.

Reilly Nonprofit Advisor

New financial reporting standards for nonprofits aimed at greater transparency

Nov 29, 2016

You may have heard that new financial reporting standards are coming down the pike that will affect your nonprofit organization.

Reilly Nonprofit Advisor

What it takes to manage an endowment

Nov 29, 2016

Every nonprofit dreams of receiving a large endowment that will keep it financially worry-free in the future and allow it to fulfill its mission with ease. But in the real world, endowments also carry serious responsibilities.

Reilly Nonprofit Advisor

6 tips for building the board of your dreams

Nov 29, 2016

In response to a recent survey on nonprofit governance, chief executives and board chairs gave their boards of directors an average overall grade of B-. Clearly, nonprofit boards could be doing better.

Reilly Nonprofit Advisor

How to make your special event a financial success

Jul 26, 2016

Many nonprofits depend on the funds raised at an annual gala or other special event to keep their organization in the black. Here are some ideas for maximizing revenues.

Reilly Nonprofit Advisor

Are you ready for the Omni Circular?

Jul 26, 2016

The federal government's "Omni Circular" streamlined requirements from eight existing circulars that applied to federal awards. Its provisions are now affecting most nonprofits that receive federal funds.

Reilly Nonprofit Advisor

Benchmarking can provide crucial insights for nonprofits

Jan 06, 2016

Nonprofits that don’t benchmark their data against themselves and other organizations are at a disadvantage. They miss out on financial insights and potential donations.

Reilly Nonprofit Advisor

How should your nonprofit value donated property?

Jan 06, 2016

With less cash in people’s pockets, your nonprofit may see an increase in noncash donations. Whether you receive used computers, office furniture, or even a building, the fair market value (FMV) of donated property needs to be recorded on your Form 990 and financial statements.

Reilly Nonprofit Advisor

The Season of Giving – Substantiation requirements for charities

Jan 06, 2016

Many charities receive a substantial part of their support during the holiday season. In order to assist donors in steering clear of difficulties with the IRS, you want to make sure the supporting documentation your charity provides will meet the requirements for a valid charitable deduction.

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