Nonprofit Resources
Nonprofit Issues Newsletter, December 2024
December 16, 2024 - Key considerations and best practices around determining worker classifications, reporting internal audit results to an institution’s board, implementing the new cryptocurrency accounting standards, and more.
Reporting Internal Audit Results to Your Institution’s Board
December 16, 2024 - An essential last step in the internal audit process at a higher education institution is reporting the results to the board. These recommendations and examples can help you develop a clear, effective internal audit report and presentation.
Department of Labor Overtime Rule Blocked by U.S. District Court
November 18, 2024 - A federal judge in Texas has overturned the recent changes to the U.S. Department of Labor’s (DOL) overtime rule, nullifying the exempt employee status salary threshold rule nationwide.
Nonprofit Issues Newsletter, October 2024
October 29, 2024 - Our October 2024 newsletter covers overtime updates and resources, risk assessment in higher education institutions, cybersecurity tips, church fiscal year-end considerations, and more.
Overtime Updates and Resources
October 28, 2024 - With the recent changes to the overtime rule, it’s essential for nonprofits to understand the requirements and maintain compliance. We have gathered some information and resources to help.
Performing Risk Assessment in Higher Education Institutions
October 28, 2024 - Learn how to identify areas of risk within your higher education institution and develop an effective risk assessment process.
Determining Worker Classifications
October 24, 2024 - When individuals perform work for an organization, there are several specific, defined ways for them to be classified in the organization’s payroll and accounting systems, depending on the nature of their work. It is important to classify workers correctly because errors have tax implications for both the employee and the employer.
Court Affirms Salary Threshold and Duties in Overtime Exemption
October 2, 2024 - A recent court decision has affirmed that, along with certain listed duties, the U.S. Department of Labor can include a salary threshold in the definition of who qualifies for the executive, administrative, and professional exemption from the minimum wage and overtime rules in the Fair Labor Standards Act.
Nonprofit Issues Newsletter, August 2024
August 27, 2024 - Learn how to develop and maintain a vendor management program, address common external church fraud risks, create an effective higher education internal audit plan, and more.
Internal Audit in Higher Education Institutions
August 23, 2024 - With the right planning and support, ongoing internal audits can provide higher education institutions with significant benefits without a significant investment of resources. Learn how an internal audit can help your institution safeguard your resources, uphold financial integrity, and identify and address risks.