Nonprofit Resources

Sax Expands Leadership Team and Not-For-Profit Expertise with Addition of Scott J. Goldberg as Partner

Sax Expands Leadership Team and Not-For-Profit Expertise with Addition of Scott J. Goldberg as Partner 400 400 SAX LLP - Advisory, Audit and Accounting

Parsippany, NJ, September 16, 2022 — Top 100 accounting, tax and business advisory leader, Sax LLP, has announced the addition of Scott J. Goldberg, CPA to the firm’s established Not-for-Profit…

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Conflict of Interest Policy for Non-Profit Organizations

Conflict of Interest Policy for Non-Profit Organizations 400 400 SAX LLP - Advisory, Audit and Accounting

Most individuals who work for a non-profit organization or serve on the board of directors/trustees may not know what a conflict of interest means.  People are often unaware that their…

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Audit Threshold Raised for NJ Non-Profits

Audit Threshold Raised for NJ Non-Profits 400 400 SAX LLP - Advisory, Audit and Accounting

On January 18, 2022, Governor Murphy signed legislation that would change the audit threshold for New Jersey not-for-profit organizations.  The previous “Charitable Registration and Investigation Act” required organizations with gross…

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FASB Issues Exposure Draft Regarding Contributed Non-Financial Assets for Not-for-Profits

FASB Issues Exposure Draft Regarding Contributed Non-Financial Assets for Not-for-Profits 150 150 SAX LLP - Advisory, Audit and Accounting

In February 2020, the FASB proposed an update to improve generally accepted accounting principles (GAAP) by increasing the transparency of contributed non-financial assets for not-for-profit (NFP) entities through enhancements to…

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Sax Gifts $15,000 to the Not-for-Profit, NJ Sharing Network through the 3rd Annual Founders’ Award

Sax Gifts $15,000 to the Not-for-Profit, NJ Sharing Network through the 3rd Annual Founders’ Award 150 150 SAX LLP - Advisory, Audit and Accounting

Top 100 accounting, tax and business advisory leader, Sax LLP, is proud to announce the winner of the firm’s 3rd Annual Founders’ Award – NJ Sharing Network – for best demonstrating their impact on their beneficiaries.

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IRS Makes Update to Private School Nondiscrimination Policy Disclosure Requirement

IRS Makes Update to Private School Nondiscrimination Policy Disclosure Requirement 150 150 SAX LLP - Advisory, Audit and Accounting

The IRS has released Revenue Procedure 2019-22 which adds a third method for private schools to disclose its racially nondiscriminatory policy. For a private school to be recognized as exempt…

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Nonprofit Organizations – Is Your Procurement Policy Meeting Compliance Standards?

Nonprofit Organizations – Is Your Procurement Policy Meeting Compliance Standards? 150 150 SAX LLP - Advisory, Audit and Accounting

Procurement and the purchasing process are much more than just having a policy in place for nonprofits. It is important to review the procurement section of the Uniform Guidance in detail to ensure you comply.

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Sax LLP’s Founder’s Award Gifted $15,000 to the Nonprofit, Oasis – A Haven for Women and Children, for Efforts Towards Inspiration

Sax LLP’s Founder’s Award Gifted $15,000 to the Nonprofit, Oasis – A Haven for Women and Children, for Efforts Towards Inspiration 150 150 SAX LLP - Advisory, Audit and Accounting

Clifton, NJ – February 13, 2019:   Sax LLP, a leading accounting, tax and advisory firm recently held its second annual Founder’s Award ceremony which celebrated the good work of local…

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Accounting Rule Change Will Result in More Contributions for Not-for-Profits

Accounting Rule Change Will Result in More Contributions for Not-for-Profits 150 150 SAX LLP - Advisory, Audit and Accounting

In response to widespread diversity on how not-for-profits characterize grants and similar contracts as either exchange transactions or contributions with conditions, the Financial Accounting Standards Board (FASB) has issued new…

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Tax Reform Impact: Not-for-Profits Not Always Tax-Exempt

Tax Reform Impact: Not-for-Profits Not Always Tax-Exempt 150 150 SAX LLP - Advisory, Audit and Accounting

If you thought the Tax Cuts and Jobs Act would not impact most tax-exempt organizations, you were wrong.  There are new provisions in place which can cause 501(c)(3), (4), 501(d)…

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