The Chronicle of Philanthropy has a superb graphic that shows the amount of donated mebendazole deworming medicine recorded as contributions in the financial statements of three NPOs before and after applying the change in valuation required by SFAS #157:
Nonprofit update
Nonprofit finance, accounting, and tax news
- Home
- About Nonprofit Update
- Fraud triangle
- Outcome measures – what actually changed?
- Peering Forward
- Ratio analysis for church loan
- Tragedy of Fraud
- On the lack of moral framework – Silk Road part 2
-
Recent Posts
- More actual science emerging on coronavirus infections. Results aren’t what you expect.
- Ongoing hypocrisy from our ruling overlords. Oh, guess who finally wants to reopen the economy?
- Large rise new claims for unemployment for week ending 1/9/21.
- One more post on the utter devastation from shutdown of the economy.
- Small decline in new claims and continuing claims for unemployment for week ending 12/26/20.
- Two websites track incidents of rule makers ignoring the rules they demand we follow.
- The Supreme Court ruling reinstating free expression clause of First Amendment is harsher than you have read.
- At least one flaming hypocrite in public leadership has enough shame to retire from public life. But just so you know, it is our fault, not hers.
- Federal mileage rates for 2021.
- The parade of alleged leaders who ignore their own Covid recommendations keeps growing.
Categories
- Auditing (75)
- Board training (87)
- Books you might enjoy (45)
- cartoons and other creative visualizations (30)
- Compilation and review (32)
- Economics (122)
- Fraud (73)
- GIK – gift-in-kind valuation (139)
- Information Technology (40)
- Internal control (43)
- Non-profit accounting (314)
- Non-profit giving trends (37)
- Non-profit Tax (164)
- Other stuff (390)
- Pondering (231)
- Social media (56)
- Uncategorized (10)
Top Posts in past few days
- 10 leading causes of death in 1850 and 2000
- Sentencing and current status for parents in college admissions scandal.
- Verify state exempt status - You can look up the status of an organization with the California Franchise Tax Board
- SSARS 19 - Sample compilation report for omitting substantially all disclosures
- SSARS 19 - Sample compilation report for omitting the statement of cash flow
- If you know the names of donors, you can’t list them as anonymous on the 990
Archives
RSS feeds
Most used tags
apologies-good and bad April 1 articles audit bank fiascos Blessings International blogiversary budgeting California A.G. change management Commission on Accountabilty compilation complexity creative visualization Cynefin differences between audit review compilation document retention and destruction policy economic indicators economics ethics Feed the Children Food for the Hungry fraud FTC functional allocation GIK valuation guest post international aid it's complicated knowledge and wisdom mebendazole medical insurance mileage rates money laundering nonprofit accounting nonprofit tax outcome measures overhead ratios review social media SSARS 19 starvation cycle tragedy of fraud trapped by technology unemployment rate unintended consequences visualization World Help World Vision WWP
