Jennifer Alleva has been named Managing Partner at Your Part-Time Controller, LLC, effective immediately. Your Part-Time Controller, LLC (YPTC) provides accounting, financial reporting, and other financial services primarily to nonprofit organizations. Most services are performed onsite at clients’ offices. The firm does not provide audit or tax services. Alleva, who has been a partner at
Nonprofits working in the educational sector face ongoing challenges. Their stakeholders are highly passionate with widely varying opinions and agendas. Establishing metrics to evaluate program impact can be daunting. And of course there is always the issue of inadequate funding to meet the needs. These were some of the issues addressed at Your Part-Time Controller’s
With our staff members now spread out in offices in Philadelphia, New York, Washington, and Houston, it’s always exciting when we get together for continuing education training and the opportunity to see each other face-to-face. So our block training in March 2017 was another vibrant get-together with 140 of us gathered in the auditorium of
Accountants are really, really good with numbers. We can reconcile your bank statements and do your cost accounting. We can calculate your debits and credits. We can prepare your month-end reports and your cash flow statements and your balance sheets. But how do we take all those numbers and translate them into meaningful
Your nonprofit organization faces demands for financial reports from a variety of different constituencies including management, staff, board committees, funders, grantors, donors, auditors, bankers and the IRS. Many of these financial report readers require that your reports be presented in different formats. The question is: how do you set up your accounting system to satisfy
In our previous Behind the Numbers article, we explained the accounting rules governing the allocation of costs among the functional areas of programs and supporting services in nonprofit organizations (see Nonprofit Issues, October 16-31, 2004). This sequel explores the additional and somewhat arcane accounting rules that dictate when and how “joint activity” costs are split
Almost all nonprofit organizations have at some time received “in-kind” contributions; also known as “gifts-in-kind.” These non-cash contributions can take various forms such as gifts of long-lived assets, services performed by volunteers, gifts of museum collection items, gifts of inventory, gifts of items used for fundraising purposes, free use of facilities and utilities or use
This article — updated from a 2006 version — is courtesy of Idealware, which provides candid information to help nonprofits choose effective software. For more articles and reviews, go to www.idealware.org . As tax season approaches, take a moment to reflect on last year’s process. Did your tax preparations involve stress, chaos, and panic? Or
“You understand how we do business in this city, don’t you?” asked the executive director. “Do you understand our culture?” Unfortunately, we did, which gave us cause for alarm. Our client’s executive director was responding to our questions about a grant check that,according the award letter from the funding foundation, had been previously mailed, but
