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, ...

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 be governed by a non-profit entity going forward, CEO Sam Altman announced Monday – a move that came after the ChatGPT maker’s restructuring plans faced fierce pushback ...

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 ...

As college athletics continues to shift toward professionalization, Kentucky’s LLC model may serve as a blueprint for others. The move acknowledges a reality long whispered but now unavoidable ...

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 ...

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 ...