Not all nonprofits provide copies of their nonprofit financial statements during board orientation, and even fewer supply the most recent IRS Form 990. Providing these documents and basic training in financial statement analysis are among the easiest ways to improve board performance.
Do you have any board or finance committee reporting tips you’d like to share? Comment below, and read our blog: https://bit.ly/2VEXmlY
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“We are long-term clients of Jacobson Jarvis. Their team has been great to work with and they understand not for profit organizations — even our unique place within that industry! I appreciate the relationship we have with them and depend on their knowledge and insight.” - Alyce Bakker, Financial Services Officer. Check out what else our clients have to say about our audit, tax, and consulting services: https://bit.ly/3hHycMO
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With over 100 years of combined experience in the non-profit world, and distinct areas of expertise, each member of the Jacobson Jarvis team is an important player, making our team an invaluable resource for non-profits. Learn more about our awesome staff here:
https://bit.ly/33MhLvt
#JacobsonJarvis #SeattleNonprofit #Accounting #Nonprofit #CaliforniaNonprofit #LANonprofit
The following is a list of nonprofit tax legislation impacted by the COVID-19 pandemic. Use these resources and the FAQ list on our website to learn more about how your nonprofit can receive assistance during this difficult time.
https://bit.ly/2VEXmlY
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One of the board’s most critical roles is to ensure that the organization’s financial resources are effectively managed to assure the organization’s long-term viability. And yet, most organizations don’t pick board members based on their financial capabilities. Since board recruiting criteria are unlikely to change, it is important to give members the tools they need — and to avoid the following common financial reporting mistakes made by nonprofit organizations: https://bit.ly/2YiMUTF
#JacobsonJarvis #SeattleNonprofit #Accounting #Nonprofit #LoanInfo #BoardMemberTips #CaliforniaNonprofit #LANonprofit
Are you talented with a paintbrush? Just feeling extra creative lately? Jacobson Jarvis is still looking for original artwork for our annual calendar, and the deadline is just around the corner! Submit your work by August 15, 2020, and find out more about our guidelines here:
https://bit.ly/2O2w2e5
#SeattleNonprofit #Accounting #JacobsonJarvis #NonprofitAccounting #CallForArtists #SeattleArtists #CaliforniaNonprofit #LANonprofit
Once again we’ve received all sorts of wonderfully creative submissions for our annual calendar — and once again, we need your help to narrow it down! The image chosen for our 2021 calendar should exemplify Jacobson Jarvis’s values of diversity, community-building, and collaboration. Learn more about our finalists, and vote for your favorite piece by Monday, October 12th. https://bit.ly/2FvsSiE
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Fall is here, and that means it is time for an annual tax update on recent guidance issued by the IRS and Treasury. By now, the old Parking Fringe tax is a distant, bad memory, but many new tax challenges are ahead for nonprofits this year.
The topics in this blog are the highlights of a recent AICPA Exempt Org Technical Resource Panel (EOTRP) meeting with the IRS and Treasury. Find out more: https://bit.ly/3kAxJhn
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By exclusively focusing on the not-for-profit community for the past 30 years, the Jacobson Jarvis tax team has a unique understanding of not-for-profit tax issues and their impact on an organization’s reporting. Our mission is to help not-for-profit clients understand potential tax problems and chart a course to successfully navigate the complexities of tax code. Learn more about what we do, and how we can help: https://bit.ly/39SH3bR
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What’s new at the IRS and Treasury for Nonprofits? We’ve got all the updates from this year’s virtual AICPA Exempt Org Technical resource panel. Check it out here: https://bit.ly/3kAxJhn
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Is your organization making any of these three common non-profit accounting mistakes? Here are a few mistakes that nonprofits tend to make when it comes to accounting and how to navigate through them. https://bit.ly/31PetCK
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A well-crafted committee charter that is reviewed regularly can ensure a properly functioning nonprofit audit committee, whether it stands alone, or is combined with the finance committee. Learn more about committee charters and audit committees: https://bit.ly/35C29tr
#SeattleNonprofit #Accounting #JacobsonJarvis #NonprofitAccounting #CaliforniaNonprofit #LANonprofit #AuditCommittees #IRS #CommitteeCharters #CaliforniaNonprofits
With over 100 years of combined experience in the non-profit world, and distinct areas of expertise, each member of the Jacobson Jarvis team is an important player, making our team an invaluable resource for non-profits. Meet our staff: https://bit.ly/33MhLvt
#JacobsonJarvis #SeattleNonprofit #Accounting #Nonprofit #CaliforniaNonprofit #LANonprofit #MeetTheTeam #CaliforniaNonprofits
Nonprofit boards face many ongoing challenges, such as monitoring internal controls, avoiding and detecting fraud, responding to whistleblower reports, and hiring a nonprofit auditor — just to name a few. What actions are your board taking to respond to these challenges? https://bit.ly/35C29tr #JacobsonJarvis #SeattleNonprofit #Accounting #Nonprofit #CaliforniaNonprofit #LANonprofit #NonprofitBoard #AuditCommittee #NonprofitAuditing #CaliforniaNonprofits
Since board recruiting criteria are unlikely to change, it is important to maximize the board’s ability to provide adequate financial oversight by giving them the tools they need — and by avoiding the following common financial reporting mistakes made by nonprofit organizations.
https://bit.ly/2YiMUTF
#SeattleNonprofit #Accounting #WashingtonNonprofits #JacobsonJarvis #FinanceReporting #NonprofitResources #CaliforniaNonprofit #LANonprofit #CaliforniaNonprofits
501 Commons
January 25 at 11:59 PM ·
Financial statements contain essential information…but can be intimidating to sift through. Since they’re used by external decision-makers who hold your organization’s financial well-being in their hands, your board members need to know what they're looking at.
This Board Training workshop on Thursday, Feb. 11 (9:00 a.m. to noon via Zoom) teaches financial statement speed-reading tricks and outlines some of the indicators that board members sometimes overlook when exercising their fiduciary duties. Kari Moore and Matt Cyr of Jacobson Jarvis & Co will talk about what the numbers mean, how to improve them, and how to spot noteworthy issues. Invite your board members, executive director, or financial manager to attend!
Register: http://bit.ly/3iSS81l
When deciding to develop a dashboard, many organizations focus a majority of their efforts on graphic design. While that is certainly an important (and fun!) part of the process, the success of a dashboard will rely more heavily on the quality of information it contains. As such, organizations should first decide on what they want to track before designing the visuals. We recommend starting with the following discussion points: https://bit.ly/34pOaHz
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As a nonprofit professional, having to adapt to things such as working from home may have brought up some areas in your organization that could use a little updating. Here are just a few financial resolutions for you and your nonprofit to keep in mind in 2021. https://bit.ly/39nosVJ
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For significantly less than the cost of a nonprofit audit, Jacobson Jarvis offers financial health check-ups specifically designed to improve the accounting operations and internal controls of not-for-profit organizations. Learn more: https://bit.ly/35j4IRQ
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Our relationship with our clients is one not taken for granted. We take the time and effort to get to know each of our clients so they can get the personalized service they deserve. Check out some of the awesome organizations we work with: https://bit.ly/39odn6Y
#SeattleNonprofit #Accounting #JacobsonJarvis #NonprofitAccounting #CaliforniaNonprofit #LANonprofit #AuditCommittees #IRS #CommitteeCharters #CaliforniaNonprofits
The old saying goes, “Choose a job you love, and you will never have to work a day in your life.” When you’re excited about the work you do and the environment you work in, getting up and heading off to an eight-hour shift won’t feel like an annoying obligation, and you won’t be constantly checking the clock waiting for it to hit 5 p.m. Here are a few reasons why you should work for a cause you care about!
https://bit.ly/31sYCcM
#JacobsonJarvis #SeattleNonprofit #Accounting #Nonprofit #CaliforniaNonprofit #LANonprofit #WorkEnvironment #CaliforniaNonprofits #GoodCauses
