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Welcome to the Center for Not-For-Profit Accounting and Financial Management
The Center is dedicated to supporting the Not-For-Profit (NFP) community by providing important and needed information on accounting, financial reporting, budgeting and other technical areas and providing useful links and forms to assist with performing the numerous tasks that NFPs must comply with on a daily basis. In addition to useful technical information you will find information on unique continuing education training courses, job opportunities and resumes of qualified financial candidates and vendor that provide goods and services to the NFP community.
Helpful articles and videos covering everything from Not-For-Profit budgeting, accounting & financial statements to accounting software, 990s, investments, how to start a Not-For-Profit and much more.
Fordham University now offers 2 in-depth & rigorous certificate training programs in Not-For-Profit Financial Management and Bookkeeping. For Bookkeepers: three-course program.
For accountants, officers, board members & others: one-course program
Not-For-Profit organizations have to comply with a myriad of reporting rules and regulations. such as forms, checklists and links to websites with important and useful information such as:
Finding experienced & qualified Not-For-Profit Accountants or Bookkeepers is always a challenge and finding an Organization seeking qualified professionals is never easy.
CLICK the SEE MORE button to find individuals seeking employment and organizations with open positions seeking qualified financial professionals.
Not-For-Profits require services and products just like every other business. But because of their unique attributes NFP need vendors who have experience servicing the NFP community.
Click the SEE MORE button to find consultants, vendors and businesses that specialize in catering to and servicing the Not-For-Profit community.
Over the years there has been a lot of confusion about whether to treat certain types of transactions as contributions or as exchange transactions especially when it involves government grants. There has been further confusion if the transactions include donor-imposed dictates called restrictions or conditions. Many people including accountants don’t always know the difference between a restriction or condition and how to treat a transaction that has one or the other or both elements.
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Within the last few years the Financial Accounting Standards Board (FASB), the rule-making body that approves all changes to Generally Accepted Accounting Principles (GAAP), has issued several major accounting and reporting revisions that affect every Not-For-Profit organization in the country.
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For the past year, a major proposed change by the Department of Labor (DOL) to the Fair Labor Standards Act’s (FLSA) exemptions from overtime has been making its way through
the judicial system. The new rule, which deals with overtime exemption salary thresholds (the “salary level”), is currently under injunction per a Texas federal court. Regardless of if or when it goes into effect, however, this rule and other wage-hour issues are critical areas of risk, and nonprofit leaders should be paying close attention to changes at the national, state and even county and municipal levels.