Not-for-Profit Newsletter October 2014

share this article

SKR+Co Not-for-Profit Newsletter

October 2014

Building a foundation for effective endowment management


Overseeing a nonprofit’s endowment fund is one of the most important roles for the board of directors. A strong investment committee, made up of board members and staff, will not only ensure the continued health of the endowment and the organization but also attract other donors looking for good stewards for their contributions. As this article explains, effective endowment management lies in sound policies regarding investment, allocation, spending, and performance monitoring. A sidebar addresses required financial statement disclosures. 

Read the Full Article Here.


Look before determining executive compensation   

When a nonprofit sets the salary for an executive director or other individual key to the organization, the board of directors wants to make sure it’s paying what’s necessary to attract or retain the most qualified, capable individual for the position. But that’s not the only consideration that should be on the radar screen. IRS regulations prohibit 501(c)(3) and 501(c)(4) organizations from engaging in an “excess benefit transaction” with a “disqualified person.” This article explains those terms and the steps that charitable organizations should take to be sure that compensation is “reasonable” by IRS standards.

Read the Full Article Here.


Newsbits — Online giving jumped 14% in 2013


In this issue, “Newsbits” discusses a recent study showing that online giving is on the increase. It also notes how several states are testing the waters of Pay for Performance (PFP) contracts with social services nonprofits, and looks at the Silicon Valley’s “accelerator” Y Combinator, which is now helping launch nonprofits involved in areas such as public health, microlending and education.  

Read the Full Article Here.






Steve Hochstetter, CPA, ABB, CFF,CVA
Audit Partner

Jamie Meidinger, CPA
Audit Manager


Jeff Talus, CPA
Tax Partner

Doreen Merz, CPA
Tax Manager

For more information on our Not-for-Profit services, please see our website HERE.>.


Have questions? Contact us: (719) 630-1186 or Click Here
Copyright *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved.

Our mailing address is:
unsubscribe from this list    update subscription preferences 





Forward to Friend

SKR+CO Expert
Steve Hochstetter, CPA/ABV®, CFF™, CVA, Audit Partner
Steve has been in public accounting since 1983, with significant experience serving nonprofit organizations, healthcare organizations, governmental entities, and small to mid-size businesses.