Nonprofit Resources
Nonprofit Issues Newsletter, August 2023
August 23, 2023 - Insight on nonprofit CEO compensation, cyber insurance, and how authentication issues can affect financial data and financial statement audits*.
Webinar for Nonprofits: The Seven Elements of Effective Compliance in a Complex World
July 18, 2023 - Learn how to mitigate compliance risks and implement an effective compliance and ethics program with this free recorded webinar.
Nonprofit Issues Newsletter, June 2023
June 22, 2023 - Learn about the factors to assess before accepting a federal award, how to use church buildings to increase community impact, key compliance issues for higher education institutions, and more.
Thinking About Accepting a Federal Award? Read This First.
June 21, 2023 - Federal awards (grants or contracts) can be appealing to nonprofit entities, including higher education institutions, voluntary health and welfare organizations, and churches. However, the administrative requirements can be time-consuming and even burdensome in some cases. Here’s what to consider before accepting federal funds.
2023 OMB Compliance Supplement Now Available; Includes GLBA Changes
May 25, 2023 - The 2023 Compliance Supplement from the Office of Management and Budget has been released. It is effective for audits* of fiscal years beginning after June 30, 2022, and contains notable changes in the Student Financial Assistance Cluster related to the Gramm-Leach-Bliley Act (GLBA).
CapinTech Cyber Series: 18 Critical Security Controls, Part 1
May 24, 2023 - Determining how your nonprofit should implement information security controls can feel overwhelming. Watch this free recorded webinar to learn about the Top 18 Critical Security Controls from the Center for Internet Security (CIS) and why this globally recognized framework can be an effective option for nonprofit organizations.
Recent FBAR Cases Provide Important Takeaways for Taxpayers
April 27, 2023 - Two recent court cases related to FinCEN Form 114, Report of Foreign Bank & Financial Accounts (FBAR), highlight several key issues that are important for taxpayers with non-U.S. financial accounts. This article provides key takeaways.
CapinTech Cyber Series: Ransomware Update
March 22, 2023 - Watch our free recorded webinar to learn about the current state of ransomware and how it can impact nonprofits. We discuss foundational, baseline controls as well as evolving protections that can help your nonprofit prevent ransomware and respond quickly and effectively if it enters your organization.
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.
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.