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Apple Profits Benefit From 2015 Accounting Change

Apple Inc. is still the most profitable company in the land. An accounting change a year ago helped. Profits, though down from 2015, were actually bolstered by a decrease in deferred revenue compared to a year ago. That’s because the decrease in deferred revenues increased operating margins and hence profits for 2016.

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The Sigma Kappa Foundation

Creating and funding leadership, scholarship and philanthropic initiatives that reflect the values and spirit of @SigmaKappa Sorority. Our mission is to create and fund leadership, scholarship and philanthropic initiatives that reflect the values and spirit of our sorority. Founded as a trust in 1962, Sigma Kappa Foundation was incorporated in 1989 as a 501(c)(3) not-for-profit organization.

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Nonprofit Management

The Ultimate Donor Relations Strategy to Increase Member Retention

Article | July 13, 2022

A common mistake nonprofits make is spending all their resources and efforts on marketing and attracting new donors or members. Your initial conversation rates may be great, but what happens after a year, when it’s time for them to renew? A lot of organizations struggle with their retention rates. They work really hard on their renewal appeals, only to see declining numbers month after month. Of course, a number of factors could be at play here: perhaps the donor is no longer interested; their financial situation has changed and they no longer have capacity; maybe they were supporting a specific program or project that has now been completed.

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Fundraising

How Nonprofits Can Secure Corporate Sponsorships

Article | July 15, 2022

As a nonprofit organization, you’re doing your part to make the world a better place. Your cause matters to your staff, volunteers, donors, and those you serve. What you do likely also appeals to businesses. Many businesses have corporate sponsorship programs with funds set aside to support nonprofits. According to a study published on Statista, an online statistics company, corporations paid 65.8 billion dollars in corporate sponsorships worldwide in 2018. If your nonprofit hasn’t pursued corporate sponsorship for your programs, capital campaigns, or fundraising events, you’re leaving a lot of potential money on the table.

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Nonprofit Management

Salesforce Nonprofit Cloud Spring 2020 Release: What’s New

Article | July 29, 2022

As members of the nonprofit Salesforce community, we’ve become accustomed to regular releases of new functionality. We review Nonprofit Success Pack (NPSP) notes on bug fixes, patches and enhancements that appear like magic in our orgs every couple of weeks without batting an eyelash, but not all releases are created equally. The two planned for April 29 and May 27 are far more than just a few code tweaks; they’re hearty – meaty, requiring some time to really sink your teeth into them (and I’m not just saying this because I’m ready for breakfast).

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Nonprofit Management

What Your Non-profit Should Know About Accepting Cryptocurrency Donations?

Article | July 20, 2022

Unless you've been living under a rock, you're undoubtedly aware that cryptocurrency is now trending. That doesn't imply you understand everything about it and how it pertains to your non-profit. After all, that's why you're here. But chances are, your curiosity has been stirred. There are several questions around cryptocurrencies, which we will address. But, before we get into the specifics, consider why it's important. Why Your Non-profit Should Accept Cryptocurrency? The rising popularity of bitcoin makes it an appealing payment option for charitable contributions. Because it is a digital money, it is simple to collect online donations. Accepting bitcoin is a reasonable next step after online donating has risen in recent years. Furthermore, it looks that bitcoin users are a charitable lot. According to Fidelity Charitable, 45% of bitcoin owners will have contributed $1000 or more in 2020, compared to 33% of traditional investors. Accepting cryptocurrency may appeal to younger contributors because it is popular among Millennials. One in every three Millennials owns cryptocurrencies, which is more than double the typical investor's rate. Millennials are notably kind and charitable, maybe because they entered adulthood during the Great Recession. Risks and Considerations to Accepting Cryptocurrency: While block chain and encryption make cryptocurrencies harder to hack or forge, this does not mean they are risk-free. Most cryptocurrencies, for example, are stored in digital wallets that need a key and password to access the assets. However, hackers may attack digital wallets. In the worst-case scenario, owners may misplace the key and passwords required to access the funds. When bitcoin is lost, it is gone forever. It is anticipated that $4 million in Bitcoin may be lost. On the dark web,cryptocurrency is also utilized for transactions. The anonymity of cryptocurrencies and the obscuring of transaction data appeals to individuals with less than noble intents. Furthermore, the IRS considers cryptocurrencies to be property and taxes it accordingly. Depending on the circumstances, it may also be deemed capital gains. Is Cryptocurrency Right for Your Non-profit? While accepting cryptocurrencies for donations has advantages, such as attracting new contributors, it also has drawbacks. Whatever you pick, it appears that we are entering a wild new world of digital cash.

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Nonprofit Management

4 Challenges that Large Non-profit Organizations Face

Article | July 13, 2022

A common mistake nonprofits make is spending all their resources and efforts on marketing and attracting new donors or members. Your initial conversation rates may be great, but what happens after a year, when it’s time for them to renew? A lot of organizations struggle with their retention rates. They work really hard on their renewal appeals, only to see declining numbers month after month. Of course, a number of factors could be at play here: perhaps the donor is no longer interested; their financial situation has changed and they no longer have capacity; maybe they were supporting a specific program or project that has now been completed.

Read More
Fundraising

The Power of Film for Philanthropy

Article | July 15, 2022

As a nonprofit organization, you’re doing your part to make the world a better place. Your cause matters to your staff, volunteers, donors, and those you serve. What you do likely also appeals to businesses. Many businesses have corporate sponsorship programs with funds set aside to support nonprofits. According to a study published on Statista, an online statistics company, corporations paid 65.8 billion dollars in corporate sponsorships worldwide in 2018. If your nonprofit hasn’t pursued corporate sponsorship for your programs, capital campaigns, or fundraising events, you’re leaving a lot of potential money on the table.

Read More
Nonprofit Management

Marketing Your Nonprofit Organization in 4 Simple Steps

Article | July 29, 2022

As members of the nonprofit Salesforce community, we’ve become accustomed to regular releases of new functionality. We review Nonprofit Success Pack (NPSP) notes on bug fixes, patches and enhancements that appear like magic in our orgs every couple of weeks without batting an eyelash, but not all releases are created equally. The two planned for April 29 and May 27 are far more than just a few code tweaks; they’re hearty – meaty, requiring some time to really sink your teeth into them (and I’m not just saying this because I’m ready for breakfast).

Read More
Nonprofit Management

What Your Non-profit Should Know About Accepting Cryptocurrency Donations?

Article | July 20, 2022

Unless you've been living under a rock, you're undoubtedly aware that cryptocurrency is now trending. That doesn't imply you understand everything about it and how it pertains to your non-profit. After all, that's why you're here. But chances are, your curiosity has been stirred. There are several questions around cryptocurrencies, which we will address. But, before we get into the specifics, consider why it's important. Why Your Non-profit Should Accept Cryptocurrency? The rising popularity of bitcoin makes it an appealing payment option for charitable contributions. Because it is a digital money, it is simple to collect online donations. Accepting bitcoin is a reasonable next step after online donating has risen in recent years. Furthermore, it looks that bitcoin users are a charitable lot. According to Fidelity Charitable, 45% of bitcoin owners will have contributed $1000 or more in 2020, compared to 33% of traditional investors. Accepting cryptocurrency may appeal to younger contributors because it is popular among Millennials. One in every three Millennials owns cryptocurrencies, which is more than double the typical investor's rate. Millennials are notably kind and charitable, maybe because they entered adulthood during the Great Recession. Risks and Considerations to Accepting Cryptocurrency: While block chain and encryption make cryptocurrencies harder to hack or forge, this does not mean they are risk-free. Most cryptocurrencies, for example, are stored in digital wallets that need a key and password to access the assets. However, hackers may attack digital wallets. In the worst-case scenario, owners may misplace the key and passwords required to access the funds. When bitcoin is lost, it is gone forever. It is anticipated that $4 million in Bitcoin may be lost. On the dark web,cryptocurrency is also utilized for transactions. The anonymity of cryptocurrencies and the obscuring of transaction data appeals to individuals with less than noble intents. Furthermore, the IRS considers cryptocurrencies to be property and taxes it accordingly. Depending on the circumstances, it may also be deemed capital gains. Is Cryptocurrency Right for Your Non-profit? While accepting cryptocurrencies for donations has advantages, such as attracting new contributors, it also has drawbacks. Whatever you pick, it appears that we are entering a wild new world of digital cash.

Read More
MORE ARTICLES

Spotlight

The Sigma Kappa Foundation

Creating and funding leadership, scholarship and philanthropic initiatives that reflect the values and spirit of @SigmaKappa Sorority. Our mission is to create and fund leadership, scholarship and philanthropic initiatives that reflect the values and spirit of our sorority. Founded as a trust in 1962, Sigma Kappa Foundation was incorporated in 1989 as a 501(c)(3) not-for-profit organization.

Related News

Nonprofit Technology

Aplos Joins ASG to Scale Up Industry-leading Nonprofit Software Platform

ASG | February 24, 2022

ASG, a portfolio company of Alpine Investors that buys and builds vertical SaaS companies, announced that it has acquired Aplos, an industry-leading platform for nonprofits of all kinds, including faith-based organizations, K-12 schools, arts and cultural associations and more. Aplos provides a full suite of SaaS and FinTech tools, including fund accounting, financial reporting, donation tracking and fundraising tools, and people management. Through one unified solution for nonprofit management, Aplos empowers nonprofits to advance their missions and serve their communities. Our goal from day one has always been to meet the software needs of the full nonprofit sector, but to get there we needed to find the right financial partner. I am excited to have found a partner in ASG that believes in the value of serving nonprofits as strongly as I do. This new partnership equips Aplos to ramp up our team, fuel our product development, and invest in the future of this incredible community.” Tim Goetz, Aplos founder Aplos was founded in 2009 in Fresno, Calif. after Goetz couldn’t find a simple, affordable fund accounting software for his church, where he served as executive pastor. Since then, Aplos has grown to a team of over 65 employees who are deeply committed to making an impact with nonprofit organizations. From its initial launch as a web-based fund accounting software, Aplos now includes solutions for church management, donor management, event registration, websites, and fundraising. Today, over 10,000 organizations utilize Aplos to engage over 5 million donors and supporters around the world. Aplos marks the 44th acquisition for ASG and its first in the nonprofit software industry. Aplos will also welcome Anush Vinod as CEO, who was most recently an executive at a high-growth e-commerce business and a member of Alpine Investor’s CEO Program. “Aplos is an exceptional platform, built by innovators who care deeply about serving nonprofits and churches,” said Vinod. “The team’s passion to innovate for their customer is a worthy and inspiring mission. Nowhere is this mission more apparent than in the products, which carry the spirit of this relentless commitment to delivering great technology. For these reasons – and many more – I’m excited to lead Aplos in its next phase of growth.” About Aplos Aplos is a cloud-based system designed specially to serve the needs of nonprofit and church organizations of all sizes. The Aplos all-in-one platform takes the stress out of finances and creating reports, streamline administrative tasks, and make giving faster and more effective. Users can fundraise with the use of online donation tools, custom communication, donor database reports and event registration. Aplos enables organizations to manage all of their financial, donation and donor information in one place. About ASG ASG, backed by Alpine Investors, is a unique and fast-growing software business that buys and builds market-leading vertical SaaS companies. ASG believes deeply in the power of people and data to grow great organizations, and that sharing knowledge, expertise, and resources across its community of businesses drives exponential growth. Founders of leading SaaS companies continue to trust ASG to grow their businesses and build even stronger legacies for the future. About Alpine Investors Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in middle-market companies in the software and services industries. Its PeopleFirst strategy includes a CEO-in-Residence program which allows Alpine to bring proven leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $2.25 billion eighth fund.

Read More

BDO updates guide to nonprofit financial statements

BDO USA, LLP | March 13, 2017

BDO USA has released the third edition of its guide to nonprofit financial reporting, updated to include the recent changes by the Financial Accounting Standards Board.

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Novogradac & Company LLP Promotes Seven to Partner

Novogradac & Company LLP | January 02, 2017

Novogradac & Company LLP, a national accounting and consulting firm, welcomes Nat Eng, Chris Jones, Andrea Killeen and Angie Taylor of the San Francisco office; Rachel Denton of the Kansas City, Mo., office; Bryan Hung of the Long Beach, Calif., office; and Amanda Read of the Cleveland office to the partnership. The firm, which specializes in affordable housing, community development, historic preservation and renewable energy tax credits and other areas, has 56 partners in 25 offices nationwide “I am excited to announce that Amanda, Andrea, Angie, Bryan, Chris, Nat and Rachel have been promoted to partner,” said Michael Novogradac, the firm’s managing partner. “Their dedication to the firm and expertise in their respective fields has helped Novogradac & Company continue to be a leader in the tax credit, accounting and valuation industries, while continuing to find new ways to better serve our clients.”

Read More

Nonprofit Technology

Aplos Joins ASG to Scale Up Industry-leading Nonprofit Software Platform

ASG | February 24, 2022

ASG, a portfolio company of Alpine Investors that buys and builds vertical SaaS companies, announced that it has acquired Aplos, an industry-leading platform for nonprofits of all kinds, including faith-based organizations, K-12 schools, arts and cultural associations and more. Aplos provides a full suite of SaaS and FinTech tools, including fund accounting, financial reporting, donation tracking and fundraising tools, and people management. Through one unified solution for nonprofit management, Aplos empowers nonprofits to advance their missions and serve their communities. Our goal from day one has always been to meet the software needs of the full nonprofit sector, but to get there we needed to find the right financial partner. I am excited to have found a partner in ASG that believes in the value of serving nonprofits as strongly as I do. This new partnership equips Aplos to ramp up our team, fuel our product development, and invest in the future of this incredible community.” Tim Goetz, Aplos founder Aplos was founded in 2009 in Fresno, Calif. after Goetz couldn’t find a simple, affordable fund accounting software for his church, where he served as executive pastor. Since then, Aplos has grown to a team of over 65 employees who are deeply committed to making an impact with nonprofit organizations. From its initial launch as a web-based fund accounting software, Aplos now includes solutions for church management, donor management, event registration, websites, and fundraising. Today, over 10,000 organizations utilize Aplos to engage over 5 million donors and supporters around the world. Aplos marks the 44th acquisition for ASG and its first in the nonprofit software industry. Aplos will also welcome Anush Vinod as CEO, who was most recently an executive at a high-growth e-commerce business and a member of Alpine Investor’s CEO Program. “Aplos is an exceptional platform, built by innovators who care deeply about serving nonprofits and churches,” said Vinod. “The team’s passion to innovate for their customer is a worthy and inspiring mission. Nowhere is this mission more apparent than in the products, which carry the spirit of this relentless commitment to delivering great technology. For these reasons – and many more – I’m excited to lead Aplos in its next phase of growth.” About Aplos Aplos is a cloud-based system designed specially to serve the needs of nonprofit and church organizations of all sizes. The Aplos all-in-one platform takes the stress out of finances and creating reports, streamline administrative tasks, and make giving faster and more effective. Users can fundraise with the use of online donation tools, custom communication, donor database reports and event registration. Aplos enables organizations to manage all of their financial, donation and donor information in one place. About ASG ASG, backed by Alpine Investors, is a unique and fast-growing software business that buys and builds market-leading vertical SaaS companies. ASG believes deeply in the power of people and data to grow great organizations, and that sharing knowledge, expertise, and resources across its community of businesses drives exponential growth. Founders of leading SaaS companies continue to trust ASG to grow their businesses and build even stronger legacies for the future. About Alpine Investors Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in middle-market companies in the software and services industries. Its PeopleFirst strategy includes a CEO-in-Residence program which allows Alpine to bring proven leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $2.25 billion eighth fund.

Read More

BDO updates guide to nonprofit financial statements

BDO USA, LLP | March 13, 2017

BDO USA has released the third edition of its guide to nonprofit financial reporting, updated to include the recent changes by the Financial Accounting Standards Board.

Read More

Novogradac & Company LLP Promotes Seven to Partner

Novogradac & Company LLP | January 02, 2017

Novogradac & Company LLP, a national accounting and consulting firm, welcomes Nat Eng, Chris Jones, Andrea Killeen and Angie Taylor of the San Francisco office; Rachel Denton of the Kansas City, Mo., office; Bryan Hung of the Long Beach, Calif., office; and Amanda Read of the Cleveland office to the partnership. The firm, which specializes in affordable housing, community development, historic preservation and renewable energy tax credits and other areas, has 56 partners in 25 offices nationwide “I am excited to announce that Amanda, Andrea, Angie, Bryan, Chris, Nat and Rachel have been promoted to partner,” said Michael Novogradac, the firm’s managing partner. “Their dedication to the firm and expertise in their respective fields has helped Novogradac & Company continue to be a leader in the tax credit, accounting and valuation industries, while continuing to find new ways to better serve our clients.”

Read More

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