Fundamentals for Nonprofits

FASB Accounting Standards Update

In 2016, FASB issued updates and guidance to simplify and improve the information presented in financial statements. In the brief videos below and downloadable decks, NFF's Alice Antonelli and Meadow Didier clarify exactly what's changing, what this means for your organization, and how to use these changes to better tell your organization's financial story.

FASB Updates: What You Need To Know

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Net Assets, Expenses, and Liquidity

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Revenue Recognition for Grants and Contracts

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Lease Updates

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Additional Resources

More Fundamentals

Best Practices for Taking on Debt

Essential tips for first-time or newer borrowers

Audits vs. Reviews vs. Compilations

Blog post for for nonprofits that wish to verify their financials through a CPA

Board-Designated Reserves vs. Endowments

Blog detailing the benefits of board-designated reserves for greater flexibility and control

Nonprofit Budgeting Scenario Planning Tool

Excel tool to predict risks and plan for scenarios beyond your current budget

Building Resilience in Uncertain Times

A collection of our most practical tools, guides, and webinars

Recession Tips for Nonprofits

How to assess and address risk in times of financial crisis

Equitable Budgeting for Nonprofits

10 tips for incorporating equity into your organization's budget

Nonprofit Budgets: How to Get Started

Mini video series about building your first budget, including a sample budget template

Fundraising Guide for Nonprofits

Resources to build a fundraising strategy that supports your financial goals

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