For activities that might be questioned, not-for-profits should be prepared to demonstrate why those activities fulfill their exempt purpose, according to New York City-based Daniel Romano, CPA, ...

But not so fast! Even though AI has become an effective support mechanism for financial decision-making, it is not a decision-maker itself. Ultimately, not-for-profit accounting requires judgment ...

In the past, your founder using a for-profit limited liability company (LLC) in conjunction with the for the profit companies, E and H, ran a large-scale artificial intelligence ...

The ChatGPT-maker created a for-profit limited liability company (LLC), which it will now convert into a public benefit corporation that considers the interests of shareholders as well as OpenAI's ...

2024 Not-for-Profit Entities — Audit and Accounting Guide. 2023 Not-for-Profit Entities — Best Practices in Presentation and Disclosure. 2023 Government Auditing Standards and Single Audits — Audit ...

Many not-for-profit (NFP) organizations are founded with a specific desire to be separate and distinct from for-profit businesses. For many founders, the NFP’s mission matters more than the ...

OpenAI will continue to operate as a non-profit organization, and its for-profit LLC will be converted into a Public Benefit Corporation. By Viktor Eriksson and Joel Lee May 7, 2025 9:12 am PDT ...

C ommonSpirit Health, the massive not-for-profit health system formed through a 2019 merger, paid its former CEO $35.5 million in 2021, the latest year for which data is available.. The size of ...