CategoryNonprofit Updates

Christine Ernst, CPA was appointed to the Illinois CPA Society’s Not-for-Profit Organizations Committee for the April 1, 2026–March 31, 2027 term. Christine leads Legacy’s Nonprofit

From winter storms and flash floods to wildfires and hurricanes, nearly every region of the United States faces the risk of natural disasters. But organizations

You might be tempted to think that “accountability” is just the latest in a long line of management buzzwords. But if properly embraced, it can

Nonprofits of all sizes often receive donations of tangible property, from clothing and household goods to artwork and equipment. But determining how to value those

With cost-of-living concerns, interest rates and federal funding cuts continuing to be prominent in the headlines, many nonprofit leaders are understandably focused on external economic

“Fiduciary” is a term that gets thrown around a lot these days. But what does it really mean — and to whom should it apply?

Using independent contractors can save nonprofits money. There’s no long-term commitment, and contractors pay self-employment tax rather than your organization having to pay the employer

Your employees and volunteers have likely worked hard this year, seizing opportunities and overcoming challenges in the pursuit of your nonprofit’s mission. Many of your

Is your nonprofit new and building its governance infrastructure from scratch? Or is it established but looking for ways to improve the effectiveness of its