Nonprofit Organizations

Exempt Status: Tax-Exempt Organizations
Certain organizations, such as churches, government entities, and community chests, are exempt from taxation. They must apply for exempt status and file information returns despite no tax liabilities.
Fund Accounting: Financial Stewardship in Nonprofit Organizations
Fund Accounting is a system used by nonprofit organizations, focusing on accountability over profitability. It ensures proper stewardship of financial resources in compliance with legal requirements.
Service Corps of Retired Executives (SCORE): Counselors to America's Small Business
The Service Corps of Retired Executives (SCORE), now known as SCORE, is a nonprofit organization dedicated to mentoring small business owners and entrepreneurs in the United States.
457 Plan: Tax-Advantaged Retirement Savings Account for Government and Nonprofit Employees
A comprehensive explanation of the 457 plan, a tax-advantaged retirement savings account available to employees of government and nonprofit organizations. Learn about its features, benefits, and how it compares to other retirement plans.
National Association of Insurance Commissioners (NAIC): Overview and Impact
The National Association of Insurance Commissioners (NAIC) is a nonprofit organization that assists in the development of model laws for state insurance regulators. This article provides an in-depth look at NAIC's role, history, functions, and significance in the insurance industry.
National Association of State Boards of Accountancy (NASBA): Enhancing Member Boards' Effectiveness
The National Association of State Boards of Accountancy (NASBA) is a nonprofit organization dedicated to enhancing the effectiveness of state boards of accountancy in upholding and promoting high professional standards.

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