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By: Kimberly Fusco

We welcome you to the next edition of the 2017 Economic Industry Update initiative, brought to you by Ellin & Tucker and The Economic Alliance of Greater Baltimore. In this six-part series, featured in the Baltimore Business Journal, Ellin &... Continue Reading
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Non-profit organizations often face confusion on the proper accounting treatment for revenues received in advance of costs being incurred. The FASB recently released proposed standards that will hopefully eliminate some of this uncertainty by providing a more robust framework to... Continue Reading
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The following article is from the Maryland State Comptroller’s Website: In May 2017, the Comptroller’s Office will mail notice of the upcoming renewal period and instructions to all nonprofit organizations holding a valid Maryland sales and use tax exemption certificate with... Continue Reading
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By: Kimberly Fusco

Hey, nonprofits – get ready to make some changes in the way you prepare your financial statements. On August 18, 2016, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2016-14, which changes the financial reporting model... Continue Reading
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Recommended By: Kim Fusco BoardSource, with the help of other partners, has developed a new approach to evaluating fundraising effectiveness.  This provides a new unique perspective to balancing both risk and reward in your organization’s fundraising efforts.  “We seek to... Continue Reading
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Recommended By: Kim Fusco

Best practices surrounding good governance continues to be a common area of concern for not-for-profit organization management, board members, and community members. Staying proactive regarding governance best practices is essential to maintaining a strong reputation.  This short article provides some... Continue Reading
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By: Kim Fusco and David Schriver

The wait is over! The Financial Accounting Standards Board (FASB) has released the long-awaited Accounting Standards Update No. 2016-14. Issued on August 18, 2016, this update will change the financial reporting model for all not-for-profit organizations — including independent schools.... Continue Reading
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By: Kimberly Fusco

As a Principal in Ellin & Tucker’s Audit, Accounting, and Consulting Department, Kim is dedicated to performing high-quality audit, tax, and advisory services to numerous not-for-profit organizations and foundations.  As Chair of the firm’s Not-For-Profit Services Group, Kim’s extensive knowledge... Continue Reading
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