Nonprofit Resources
2024 OMB Compliance Supplement Now Available
June 11, 2024 - The 2024 Compliance Supplement, which applies to entities subject to audits* in accordance with 2 CFR Part 200, has been released by the U.S. Office of Management and Budget. Here’s a summary of key changes, including changes in the Student Financial Assistance Cluster and information on the effective date for the new threshold for Single Audits.
What is Forensic Accounting – and When Might Your Nonprofit Need It?
May 7, 2024 - Knowing your options for investigating and responding to suspected or alleged fraud now can help your organization respond quickly and effectively if it occurs. This includes understanding what forensic accounting is and when your organization might benefit from this specialized service.
New Department of Labor Overtime Rule for Exempt Employees Finalized
April 26, 2024 - A new Department of Labor rule that increases the salary thresholds required to exempt a bona fide executive, administrative, or professional employee from federal overtime pay requirements has been finalized. The first salary threshold increase will go into effect on July 1, 2024.
Nonprofit Issues Newsletter, April 2024
April 25, 2024 - Topics in this issue include the new accounting standard for expected credit losses (CECL), the current economic forecast, how to evaluate your accounting software needs, and student financial aid best practices for K-12 schools.
Adopting CECL: What Nonprofits Need to Know
April 24, 2024 - The new accounting standard for expected credit losses, commonly referred to as CECL, is now in effect. Here are answers to frequently asked questions about CECL and insight on what nonprofits need to know as they implement the new standard.
Navigating 2024: Economic Forecast and Insights for Nonprofits
April 24, 2024 - As rapid economic change and uncertainty continue, nonprofit leaders can take a strategic approach to minimizing negative outcomes. Here’s a look at the current economic forecast and the potential implications for nonprofits.
Webinar for Nonprofits: Navigating Current Nonprofit Fraud Risks
May 21, 2024 - Fraud is a pervasive threat for nonprofits, but there are steps you can take to reduce your organization’s risk. Watch this free recorded webinar for a look at current fraud trends and best practices. We share the latest data, red flags to watch out for, and best practices to help safeguard your organization.
Nonprofit Issues Newsletter, February 2024
February 28, 2024 - Insights and best practices to help you optimize your accounting software, budget effectively, assess the administrative costs of Title IV-eligible non-degree programs, and more.
6 Key Considerations for Budgeting in Changing Times
February 26, 2024 - Budgeting effectively when so much is unknown can feel overwhelming, but you can use these considerations and steps to assess and modify your ministry’s budget to the new realities we encounter.
Nonprofit Issues Newsletter, December 2023
December 14, 2023 - Learn about the benefits of a compensation philosophy and policy, how to evolve your cybersecurity to address changing threats, answers to common questions about accounting tech stacks, and other timely topics in our latest newsletter.