Nonprofit Resources
Do You Need to File Form 5500 for Your Health and Welfare Plans?
Many nonprofits aren’t aware that they may need to file Form 5500 for their health and welfare plans. This post explains the requirements.
How to Reduce Your Cybersecurity Risk
As recent headlines illustrate, cyberattacks are a real and growing risk for all organizations. Fortunately, there are steps you can take to strengthen your organization’s defenses and respond quickly and effectively when an attack occurs.
Generate Revenue Enhancement Opportunities for Your Organization
Many nonprofit organizations are considering alternative revenue sources as a way to bring in extra funding. As with most initiatives, the key is to plan diligently.
When the Fairy Tale Goes South: Executive Compensation Agreements
Whether you are a new, long-time, or prospective senior management official (SMO), an employment contract is vital. Learn what an employment contact should include in this article from Gammon & Grange.
5 Steps to Strengthen Your Institution’s Cybersecurity Defenses
Hacking has been receiving a great deal of attention lately in the political arena, but many higher education leaders may not realize the severity and scope of the threat to their own institution.
Top Cybersecurity Myths and How to Overcome Them
The number of cyber breaches and incidents is skyrocketing, and that pattern will continue. So what should nonprofits be doing? This article examines two prevalent cybersecurity myths and the steps you can take to help protect your organization.
Preparing for the FASB Financial Reporting Standards Changes
The Financial Accounting Standards Board (FASB) has announced the most significant update to not-for-profit financial reporting in 23 years. The changes are significant, and it’s important to begin planning now.
Calculating Whether Your Higher Education Institution Is an “ALE”
Applicable Large Employers (ALEs) have significant reporting requirements, including Form 1095-C. That means it is crucial for higher education institutions to document whether or not they have more than 50 full-time equivalent (FTE) employees for years beginning with 2014.
New IT Security Threat Targeting Finance Departments On the Rise
A hacked email account. A perpetrator posing as a senior leader and requesting a fraudulent funds transfer. This may sound like a movie plot, but it is a reality we see playing out more and more. Learn more about this type of IT security breach and four recommendations for preventing it.
Overview of the FASB Accounting Standards Update on Leases
What you need to know about the FASB Accounting Standards Update (ASU) on financial reporting for leasing transactions, plus action items for consideration.