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Posts by Lisa Johnson

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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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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Five Things Nonprofit Board Members Should Expect Out Of An Audit

The accounting profession has been dealing with what we call the “expectation gap” probably for as long as audits have been performed. There have been many attempts to bridge that gap but it has been a very slow and tedious process.
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