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Posts by Lisa Johnson

What Nonprofits Should Know About OMB’s Uniform Guidance

In December 2013, the U.S. Office of Management and Budget (OMB) issued its long-awaited final grant reform rules.
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How Private Schools Should Record Planned Giving Arrangements

One of the many ways donors provide financial support to charitable organizations, including private schools, is by establishing trusts or other arrangements under which the nonprofit receives benefits that are shared with other beneficiaries. These...
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5 Things Private School Board Members Should Know About Financial Statements

You’ve just joined the board of directors of a private school. Or perhaps you’ve been on your school’s board for some time, but want to learn more about your role in the financial oversight of the school.
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Nonprofits, Are You Required to Have a Single Audit (Formerly A-133)?

If your organization is like most nonprofits, you’ve probably experienced more difficulty in fundraising over the past few years as the economy slowly recovers from the Great Recession. Even philanthropic funding sources, including large foundations,...
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8 Must-Know Accounting & Financial Reporting Issues for Private Schools

More so than other nonprofits, private schools are often operated like a for-profit entity given the competition, increased costs and scrutiny that schools face.
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How Embracing Accountability Can Help Your Nonprofit

There is much talk about accountability, especially financial accountability for charitable and other exempt organizations.
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