Nonprofit Resources
ED Provides Guidance on Direct Loan and Pell Grant Program Reconciliation
March 29, 2022 - The U.S. Department of Education Federal Student Aid Federal Student Aid office has released announcements with information about the requirements for Federal Direct Loan and Pell Grant Program reconciliations.
Nonprofit Issues Newsletter, February 2022
February 24, 2022 - This newsletter covers steps to help your organization with the adoption of the new accounting standard for leases, the benefits of a planned giving ministry, triggering events that could require immediate reporting under the new borrower defense rules, and more.
Implementing the New Accounting Standard for Leases: Part One
February 24, 2022 - The first article in our new series walks through two important steps in adopting the new lease standard: determining if a contract contains a lease and determining which payments are considered part of the lease calculations.
Triggering Events That Could Require Immediate Reporting Under the New Borrower Defense Rules
February 24, 2022 - Under the September 23, 2019 borrower defense rules, institutions that receive Title IV funds have additional reporting requirements if certain triggering events occur. Here are some helpful reminders.
CapinTech Cyber Series: Vulnerability Management
May 18, 2022 - In this free webcast, we’ll provide an overview of recent vulnerabilities, discuss how your vendors can impact you, and provide practical steps you can take to identify, mitigate, and respond to vulnerabilities within your organization.
All SAIG Software Users Must Upgrade by February 20, 2022 to Avoid Losing Access
February 17, 2022 - All institutions that use the Student Aid Internet Gateway (SAIG) software must upgrade to EDconnect 8.5 and 8.5.1 by February 20, 2022, to avoid losing access to SAIG.
Updated Lease Toolkit Now Available
February 1, 2022 - We’ve updated the CapinCrouse Lease Toolkit to reflect a recent change from the Financial Accounting Standards Board and added a convenient Lease Calculation Tool.
A Summary of Updated Guidance on the Federal Perkins Loan Program
January 19, 2022 - Institutions with Perkins Loans that have been in default for more than two years must assign these loans to the Department of Education or purchase them by June 30, 2023, unless the institution has documentation that borrowers are making payments toward the loans.
CapinTech Cyber Series: How Weak IT Controls Could Affect Your Financial Statement Audit
March 2, 2022 - IT now touches every aspect of your environment, and organizations can no longer view the accounting and technology functions in separate vacuums. This recorded webcast discusses the implications your IT environment can have on your financial statement audit.
Nonprofit Issues Newsletter, December 2021
December 15, 2021 - The latest issue of our newsletter takes a look at the special charitable tax benefit available through December 31, 2021, employee benefit plan responsibilities under a new auditing standard, cybersecurity over the years, and more.