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FQHC 330 Grant Management

FQHC 330 Grant Management

HRSA is the largest funding source for most federally qualified heath centers and rural health centers. Since COVID funding has substantially increased the reporting requirements it is a good time to review some basic FQHC 330 grant management requirements. For proper...
Nonprofit Operating Reserves

Nonprofit Operating Reserves

The operating reserve is cash to be used in the organization. It is part of an overall cash flow plan. Reserves can be for a specific purpose; such as, fixed asset purchase or program expansion. General operating reserves are for use in the day to day operations to...
How much does a nonprofit audit cost?

How much does a nonprofit audit cost?

Audits are expensive. They are the highest level of assurance; therefore, require the most work. The fee quoted will depend on several factors: How many different sources of funding does the organization have? 1. Multiple grants 2. Program revenue 3. Fundraising...
Accounting for Non-Cash Contributions

Accounting for Non-Cash Contributions

Contributions can be made to a nonprofit in either cash or property. Non-cash contributions can be tangible or intangible. Tangible property could be vehicle donations, household items, land and buildings, etc. Intangible property could be stocks, bonds, copyrights,...
Volunteers and Financial Reporting Requirements

Volunteers and Financial Reporting Requirements

Volunteers are an integral part of many nonprofit organizations. Some organizations depend on their very survival by incorporating volunteers. Since volunteers are non-paid staff, does your organization consider including in the financial statements the value of their...