Nonprofit Resources
Introducing The Capin Center for Nonprofit Excellence
March 21, 2023 - We are very pleased to announce today that The Global Center for Nonprofit Excellence, which joined CapinCrouse in 2022, is now The Capin Center for Nonprofit Excellence.
How to Disclose Cash Deposits In Excess of FDIC Insurance
March 15, 2023 - Organizations are required to include a financial statement disclosure regarding cash deposits in excess of FDIC insurance. Here is information about the disclosure, including an example.
Important Reminder: HEERF Annual Reporting Due March 24, 2023
March 14, 2023 - The next round of Higher Education Emergency Relief Fund (HEERF) required annual reporting for Year 3 (January 1, 2022, to December 31, 2022), is due no later than March 24, 2023, for institutions that expended HEERF grant awards during this time frame.
Required Disclosure Regarding Cash Deposits in Excess of FDIC Insurance
March 13, 2023 - In light of the current questions being raised about the U.S. banking system, organizations should be aware of the importance of the required financial statement disclosure regarding cash deposits in excess of FDIC insurance. This disclosure provides the required information regarding an organization’s cash deposits in excess of the federally insured amounts.
Free Enhanced Online Access to U.S. Accounting Rules Now Available
March 6, 2023 - Free enhanced online access to accounting rules developed by the Financial Accounting Standards Board and the Governmental Accounting Standards Board is now available. This includes advanced features for searching, navigating, copying and pasting, and printing.
Nonprofit Issues Newsletter, February 2023
February 28, 2023 - Insight about the current economic forecast and the impact of inflation on nonprofits, recent IRS updates, additional guidance on Pell Grant and Direct Loan reconciliation, and more.
Requirements for Mandatory Direct Loan Reconciliations
February 21, 2023 - Learn about the mandatory reconciliation requirements for the Federal Direct Loan Program, including the types of reconciliations and their frequency and resolution.
Requirements for Pell Grant Reconciliations
February 21, 2023 - Information to help higher education financial aid and business offices understand the requirement for reconciling the Federal Pell Grant Program.
IRS Provides Clarification on the Qualified Appraisal Requirement for Cryptocurrency Contributions
February 27, 2023 - Although cryptocurrency may be traded on an exchange with readily available market quotations, the IRS’s position is that cryptocurrency is not a security and gifts of cryptocurrency must be substantiated by a qualified appraisal.
Nonprofit Issues Newsletter, December 2022
December 15, 2022 - What a nonprofit board’s relationship with the senior leader should look like, the potential impact of IT controls on your external audit, how to get started with using data, and more.