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Holly Hejmowski, CPA

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Form 990 Best Practices for Not-for-Profit Boards
By Holly Hejmowski, CPA on December 19, 2024

Five ideas for making the nonprofit tax preparation process easier Not-for-profit organizations with federal tax-exempt status must file Form 990 with the IRS each year. This form requests...

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Benefits of ESOP Options for your Company’s Succession Plan Strategy
By Holly Hejmowski, CPA on July 24, 2024

Planning an exit strategy from your successful company can be difficult at times. Though options abound, one that many companies fail to consider is an Employee-Owned Stock Ownership Plan,...

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What Not-for-Profit Organizations Need to Know about Financial Reviews
By Holly Hejmowski, CPA on June 19, 2024

Understand the nuances of financial reviews It’s common knowledge in the not-for-profit (NFP) world that Section 501(c)(3) of the Internal Revenue Code (IRC) establishes that a...

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Nonprofit Budgeting Best Practices: Planning For Your Organization’s Financial Health
By Holly Hejmowski, CPA on May 15, 2024

Tips for a not-for-profit's current and future budgeting A well-planned nonprofit budget gives an organization’s leadership more control, increased transparency, better accountability, and...

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Not-For-Profit Cost Allocations Best Practices and Tips
By Holly Hejmowski, CPA on April 10, 2024

Effective methods to allocate costs for informed decision-making A significant challenge facing many not-for-profit (NFP) organizations involves determining how much of their resources and...

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Harnessing Technology's Potential in Not-For-Profit Operations
By Holly Hejmowski, CPA on March 20, 2024

Not-for-profits can, and must, keep up with advancing technology When thinking of technological innovation, the not-for-profit sector is not likely to be one of the first places that come...

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