Adler Blanchard News Blog

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5 Simple Steps To a Better Nonprofit Budget

By |October 25th, 2017|

Preparing your not-for-profit’s annual budget is probably one of the least appealing parts of your job. Here’s how to make the process a little less painful.

1. Count your chickens. Before you start allocating resources, figure out what they are. This includes not only the amount of your income, but its nature. Remember that restricted […]

Grants can help firm up your nonprofit’s financial foundation

By |October 24th, 2017|

There are more than 87,000 foundations in the United States — including family, corporate and community foundations — according to the Foundation Center. If your not-for-profit isn’t actively seeking grants from these groups, you’re neglecting a potentially significant income source.

Know your target
Probably the most important thing to remember when approaching foundations is that they […]

Why Your Nonprofit Must Avoid Excess Benefit Transactions

By |July 6th, 2017|

Not-for-profits that ignore the IRS’s private benefit and private inurement provisions do so at their own peril. These rules prohibit an individual inside or outside a nonprofit from reaping an excess benefit from the organization’s transactions. Violation of such rules can have devastating consequences.

Defining terms

A private benefit is any payment or transfer of assets […]

Should Your Not-For-Profit Take Out a Loan?

By |June 7th, 2017|

Debt is an integral part of many for-profit companies’ strategic plans, yet it has traditionally carried a stigma in the not-for-profit world. That view is changing, as more organizations borrow money for major capital purchases, new program funding and other reasons. But before your nonprofit borrows, it’s important to understand that it takes prudent […]

5 Tips for Successful Nonprofit Succession

By |May 31st, 2017|

Every not-for-profit organization needs a comprehensive succession plan to ensure smooth leadership transitions. Here are five tips for making a written plan successful:

1. Look within. It’s important to develop employees who can move up the ladder when an executive director or other senior manager leaves. But don’t rule out hiring an outsider. Promoting from within […]

Tax Increase Prevention Act of 2014

By |December 24th, 2014|

The Tax Increase Prevention Act of 2014 (the Act) was passed on December 16, 2014. Thankfully, the Act retroactively extends most the federal income tax breaks that would have affected many individuals and businesses, but only for one year through 2014. This leaves precious little time to take advantage of these tax breaks. The […]

2014 Year End Tax Planning Ideas

By |December 2nd, 2014|

Year-end planning will be more challenging than normal this year. Unless Congress acts, a number of popular deductions and credits expired at the end of 2013 and won’t be available for 2014. Deductions not available this year include, for example, the election to deduct state and local sales taxes instead of state and local […]

Update on Employer Reimbursements of Employee Health Insurance Premiums

By |December 2nd, 2014|

For plan years beginning after 2013, the Affordable Care Act (ACA) institutes so-called market reform provisions that place a whole host of new restrictions on employer-provided group health plans. These new restrictions apply to all employer-provided group health plans-including those provided by small employers with less than 50 employees. Furthermore, they were not affected […]

Deciding When to Start Receiving Social Security Benefits

By |July 29th, 2014|

Workers are generally entitled to begin taking monthly social security retirement benefits once they reach age 62. However, the full benefit will be permanently reduced for each month the benefits are received before the individual reaches the full retirement age. On the other hand, benefits increase if the individual delays receiving benefits until after […]

“If you watch your pennies the dollars will watch themselves”

By |July 29th, 2014|

An old saying, but interesting. I once had a client in the restaurant business. Fish and shellfish were delivered daily. The establishment paid the fisherman based on the number of pounds of fish and clams received. The owner had no way of verifying how much fish he actually received and grew increasingly concerned that […]