Not-For-Profit Organizations
Foster Results Releases Nonprofit Case Study
Foster Results has provided highly qualified day-to-day accounting services for Coburn Place including grant tracking, financial statement preparation, financial policy creation, and nonprofit accounting advice and navigation thereby alleviating the “operating in the dark” methodology previously employed. Coburn Place and its staff and board have quelled the burden of worry that accompanied an uncertain financial [...]
Are You Working for a Cause or a Business? Nonprofit Accounting 101
Most individuals working in the nonprofit world have chosen that career path because they are drawn to a mission and driven to help a cause succeed. And, yes, they work tirelessly to do so. In many cases, however, their drive it isn’t about making money — it’s about making a difference toward their specific cause [...]
Want to Learn More About Foster Results? Check Out Our New Video
Did you know Foster Results is much more than an accounting firm providing outsourced services to businesses and nonprofits? The firm also offers strategic financial consulting as well as training and support services. Learn more about what it’s like working with Foster Results by watching our new video.
Huffman to Speak at National School Foundation Association (NSFA) Conference
The 8th annual National School Foundation Association (NSFA) National Conference will be held at the Indianapolis Marriott North April 24-26, 2013. Beth Huffman, director of Nonprofit Services for Foster Results, is a featured speaker. The purpose of the conference is to promote the growth and development of K-12 foundation leaders and staff with workshops, trainings, [...]
How Do You Track Grants? The Hard Way or the Easy Way?
So you’ve received a new grant award? Congratulations! Now, you sit back and relax. Right? Not so! I’m sure you’re aware the hard work has actually just begun. When your nonprofit has received a grant, it’s your responsibility to the funder to be compliant with their requirements and report to them correctly. Effective systems and [...]
Payroll Management: Do It Yourself or Outsource?
You’ve heard it more than once. Time is money. Most business owners search for processes that will help streamline their business and equate to bottom line savings. Small- to mid-sized business owners often find that their time would be better spent focusing on running and growing a profitable business than on tedious and often complicated [...]
What is “Sequestration” and Why Does it Matter?
Sequestration is a fancy word for cutting the federal budget through a forced mechanism that Congress passed in 2011 as part of the Budget Control Act. The reason the language was put into the act was supposedly to force Congress to cut federal spending prior to the date of the legislation’s enactment. Eighteen month later, [...]
Foster Results Partners with Charitable Advisors
Fosters Results is pleased to announce the firm has become a sponsor of Charitable Advisors. Foster will have a regular presence in the the organization’s Not-for-Profit newsletter published weekly and delivered to more than 16,000 subscribing nonprofit professionals and volunteers in Central Indiana.
The CFO is Prime to Nonprofit Planning: Do You Involve Yours?
Recently, I’ve been working on a formal business plan for a company that is for-profit. I’ve worked on these for-profit plans many times during my career since I am a CPA; it is just one of those things we do. It hit me, though, as I was finalizing this particular business plan, that I have [...]
Beth Karnes Huffman: “How Did I Get Here?”
I’m so pleased to now be working with the Foster Results team. I can’t wait to get to know each of our clients and, therefore, I thought maybe you’d like to know more about me. I am often asked, “Why did you become a CPA?” and “How did you choose nonprofit versus for-profit business?” Good [...]