Nonprofit Resources
How To Ensure Your Functional Expense Analysis Accurately Depicts Your Activities
April 25, 2022 - ASU 2016-14 requires all not-for-profit entities to provide an analysis of expenses by their natural classification as well as their functional classification in one location in its financial statements. Here are some best practices to keep in mind to ensure your functional expense analysis accurately portrays your entity.
Employee Retention Credit Frequently Asked Questions
April 20, 2022 - Answers to common questions about the Employee Retention Credit, including how to determine eligiblity, what qualified wages are, how to claim it, and more.
Gifts-in-Kind of Cryptocurrency: Applying FASB ASU 2020-07
April 19, 2022 - Learn about the requirements for reporting contributions of cryptocurrency under ASU 2020-07.
How Weak IT Controls Can Affect Your Financial Statement Audit
April 13, 2022 - IT and cybersecurity are organization-wide concerns, and it’s vital to understand the implications your IT environment can have on your financial statement audit. Download our free e-book for insights, examples, and best practices to help you build and enhance your organization’s control framework.
ED Provides Guidance on Direct Loan and Pell Grant Program Reconciliation
March 29, 2022 - The U.S. Department of Education Federal Student Aid Federal Student Aid office has released announcements with information about the requirements for Federal Direct Loan and Pell Grant Program reconciliations.
Nonprofit Issues Newsletter, February 2022
February 24, 2022 - This newsletter covers steps to help your organization with the adoption of the new accounting standard for leases, the benefits of a planned giving ministry, triggering events that could require immediate reporting under the new borrower defense rules, and more.
Implementing the New Accounting Standard for Leases: Part One
February 24, 2022 - The first article in our new series walks through two important steps in adopting the new lease standard: determining if a contract contains a lease and determining which payments are considered part of the lease calculations.
The Benefits of Providing a Planned Giving Ministry at Your Church
February 24, 2022 - Educating your church members about the importance of estate planning has several potential benefits for them as well as your church. If your church is thinking about starting a planned giving ministry or wants to enhance your existing ministry, here are some key considerations.
Triggering Events That Could Require Immediate Reporting Under the New Borrower Defense Rules
February 24, 2022 - Under the September 23, 2019 borrower defense rules, institutions that receive Title IV funds have additional reporting requirements if certain triggering events occur. Here are some helpful reminders.
CapinTech Cyber Series: Vulnerability Management
May 18, 2022 - In this free webcast, we’ll provide an overview of recent vulnerabilities, discuss how your vendors can impact you, and provide practical steps you can take to identify, mitigate, and respond to vulnerabilities within your organization.