Welcome to the Fall 2022 issue of Insights, a quarterly newsletter from HBK Nonprofit Solutions designed to help you navigate the financial challenges of operating a nonprofit organization.

In this issue, learn about:

• Elevating your pitch to donors by understanding then highlighting the tax benefits of their donations for your organization and them
• Setting up a tax-exempt organization that will meet the requirements of the IRS
• Key factors to consider before creating an endowment fund
• Benefit plan designs that satisfy IRS limits and requirements as well as provide a financial incentive to executives to remain with the nonprofit and allow the nonprofit to recover some or all of its investment
• How Sarasota’s Van Wezel Foundation is partnering with the city to create and sustain a new and vibrant performing arts center

Read about the best practices of highly effective nonprofit organizations in the attached Fall 2022 issue of Insights, a publication of HBK Nonprofit Solutions. We hope you find Insights as interesting as it is informative, and we welcome your thoughts and input via the author contact information provided with each article.

Read the Latest Issue.

Welcome to the Summer 2022 issue of Insights, a quarterly newsletter from HBK Nonprofit Solutions designed to help you navigate the financial challenges of operating a nonprofit organization.

In this issue, learn about:

• Satisfying the IRS requirements for identifying and reporting transactions via Schedule L
• The roles of board committees in financial oversight and governance and fulfilling the board’s fiduciary responsibility
• Single Audits for certain nonprofits receiving Shuttered Venue Operators Grants
• Mitigating risk amid increased exposures in a post-pandemic world
• How the JAG Fund works to find a cure for brain tumors

Read about the best practices of highly effective nonprofit organizations in the attached Summer 2022 issue of Insights, a publication of HBK Nonprofit Solutions. We hope you find Insights as interesting as it is informative, and we welcome your thoughts and input via the author contact information provided with each article.

Read the Latest Issue.

Welcome to the Spring 2022 issue of Insights, a quarterly newsletter from HBK Nonprofit Solutions designed to help you navigate the financial challenges of operating a nonprofit organization. 

In this issue, learn about:

• Complying with the qualifying distribution rules for private foundations
• How Topic 842 will affect your day-do-day activities and why you should be monitoring it
• Addressing leadership changes in advance to avoid departure crises
• The compliance risk associated with accepting cyrptocurrency donations
• How Pittsburgh’s Sojourner House is helping addicted mothers break the intergenerational cycle of poverty and chemical abuse while rebuilding their relationships with their children

Read the latest newsletter or download here.

Welcome to the Winter 2022 issue of Insights, a quarterly newsletter from HBK Nonprofit Solutions designed to help you navigate the financial challenges of operating a nonprofit organization.

In this issue, learn about:

• Rules and requirements for recording in-kind services on your financial statements
• Endowments, the double solution: for donors assurance funds are used for programs they specify; for the nonprofit, a tool for increasing donation receivables
• Rules for different types of nonprofits regarding gaming and the potential of gaming revenues to be treated as taxable unrelated business income
• Things to do before and after board meetings to ensure the most productive sessions
• Our Winter 2022 spotlight organization: Wellfit Girls, inspiring teen girls to climb high in all areas of life.

Read the latest newsletter or download here.

Welcome to the Fall 2021 issue of Insights, a quarterly newsletter from HBK Nonprofit Solutions designed to help you navigate the financial challenges of operating a nonprofit organization.

In this issue, learn about:

• The “Management Letter” that lists everything your auditors found wrong with your internal controls during the audit
• Identifying fraud aimed at your organization and the ever-increasing threat of cybercrime
• How your application for exemption may impact how your organization operates
• The Single Audit that could be required if you received COVID-19 provider relief funds from the federal government
• Our Fall 2021 spotlight organization: Invision, helping people with disabilities achieve a level of independence they never thought possible

Read the latest newsletter or download here .

Welcome to the Summer 2021 issue of Insights, a quarterly newsletter from HBK Nonprofit Solutions designed to help you navigate the financial challenges of operating a nonprofit organization.

In this issue, learn about:

• Are you taking advantage of the opportunities created by recent changes to federal pandemic relief laws?
• Is your organization mindful of the threats to your exempt status posed by private inurement and private benefit?
• Are you aware of the distinctions among the various nonprofit organizational structures?
• How is technology affecting your strategy and impacting your mission?

Read the latest newsletter or download here.