article thumbnail

Nonprofit Accounting Basics for Founders, Board Members & Executives

The Charity CFO

If you’re like most nonprofit leaders, you’re not researching nonprofit accounting basics to satisfy your curiosity. with this overview of nonprofit accounting basics. . What is nonprofit accounting? The basic accounting principles for nonprofit organizations are the same as accounting for for-profit companies. .

article thumbnail

Nonprofit Tax Filing: 7 Steps to Peace of Mind

The Charity CFO

Nonprofit leaders have an especially hard time understanding, preparing and filing their returns. You see, a 501 nonprofit corporation is recognized as tax-exempt by the IRS but this doesn’t mean they are exempt from filing taxes. Fortunately, filing taxes for a nonprofit doesn’t need to be stressful.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Sick Profit: Investigating Private Equity’s Stealthy Takeover of Health Care Across Cities and Specialties

CFO News Room

Thanks above all to the pioneering and in-depth work of Eileen Appelbaum and Rosemary Batt, the press, Congresscritters, and the victimized general public have gotten an idea of how private equity’s exploitation of the many chokepoints in health care has enabled them to profit greatly to our collective detriment.

article thumbnail

SBA: EIDL Emergency Grant Program Runs Out Of Money

PYMNTS

Small Business Administration (SBA) announced in a press release the end of the Economic Injury Disaster Loan (EIDL) Advance program. The EIDL was crafted to provide economic relief from $1,000 to $10,000 to businesses and nonprofits that experienced a temporary loss of revenue during the pandemic.

Nonprofit 111
article thumbnail

10 Sunday Reads

Barry Ritholtz

ProPublica ) • 1 in 5 Young Chinese Is Jobless, and Millions More Are About to Graduate : The youth unemployment rate, which spiked during the pandemic, reached a record high this week, showing the perils of China’s uneven economic recovery. ( She routinely mistook her adult son for his uncle. Censoring for Strongmen Is Now a Pattern.

article thumbnail

JPMorgan Q2 Chase Credit Card Volume Plunges 23 Pct

PYMNTS

All in, the bank reported a 51 percent earnings plunge, with profits falling to $4.7 Results also reflected new provisions for spiking credit losses and growing uncertainty over the nation’s path toward recovery during the second half. But given the current economic headwinds, JPMC’s path through the second quarter was bumpy.

article thumbnail

To Aid Volcano Victims, Hawaii First Thinks Small

PYMNTS

The lava flow has already caused roughly $372 million in private property damage, by some estimates , and has cost Hawaii’s tourism market roughly $222 million in losses. Because of their size and lower profit potential, however, many traditional lenders do not want to fund loans for these types of properties.