Andrew Prather, CPA, CGMA, shareholder, Clark Nuber PS, suggested that a variety of not-for-profit
governance philosophies and methods are available for research in books and online and that there is no one right method for all.
The current economic climate has been characterized by increased risk and uncertainty for all entities, and not-for-profit
organizations are less distinct from for-profit businesses in this respect than ever before.
Making it easier for the province's not-for-profit
organizations to do business is part of the new Ontario government's plan to strengthen the economy and build a fair society for all.
Bank of America holds a leading market share nationally and locally in the not-for-profit
That, of course, is what's most often lost when a not-for-profit
must face a public episode of fraud.
The second draft, Not-for-Profit
Organizations: Goodwill and Other Intangible Assets Acquired in a Merger or Acquisition, proposes accounting guidance for those intangible assets after a merger or acquisition.
As an echo of the concerns raised by the first panel, the second panel examined situations where joint ventures failed and noted that such failures most often occur when the for-profits and the not-for-profits
fail to clearly enumerate their expectations and responsibilities.
Reprinted from past editions of the Not-for-Profit
The program, in conjunction with the Toledo Community Foundation, offered area leaders a chance to discuss the current climate in the not-for-profit
From a business perspective, not-for-profit
does not mean "not making any profits.
The movement away from not-for-profit
status is a direct response to the competitive changes in the health-care industry and the restrictions placed on the financial operations of not-for-profit
health plans, including the inability to raise capital.