Nonprofit Resources


Nonprofit Issues Newsletter, April 2022

Insight on implementing the new accounting standard for leases, cryptocurrency reporting requirements, engaging donors, and more.


Implementing the New Accounting Standard for Leases: Part Two

The new accounting standard for leases, ASC 842, brings significant changes, including new definitions, classifications, and disclosures. Our new article series provides important action items in a quick, easy-to-read format to make the adoption of the new standard more manageable.

Part Two walks you through the steps of determining the lease term, discount rate, and classification. Read more.


Gifts-in-Kind of Cryptocurrency: Applying FASB ASU 2020-07

Did you know that ASU 2020-07, Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets, applies to contributions of cryptocurrency?

This article outlines the reporting requirements.


Engaging Donors at Every Level: A Checklist

Nonprofit organizations have been navigating change in almost every aspect of their operations over the past two years. As organizations continue to reimagine what their futures will look like, donor engagement strategies should be reevaluated and refined to ensure they keep up with these changes.

Consider these five steps to support strong donor engagement at your organization.


How To Ensure Your Functional Expense Analysis Accurately Depicts Your Activities

ASU 2016-14, effective for fiscal years beginning after December 15, 2017, required all not-for-profit entities to provide an analysis of expenses by their natural classification as well as their functional classification in one location on their financial statements.

Here are some best practices to keep in mind to ensure your functional expense analysis accurately portrays your entity.


Higher Education Emergency Relief Fund Updates

The performance period for all open Higher Education Emergency Relief Fund (HEERF) grants with a balance of more than $1,000 has been extended through June 30, 2023.

In addition, the HEERF reporting portal is now open through May 6, 2022. Learn more.



Employee Retention Credit Assistance

Many questions about the Employee Retention Credit (ERC) remain, including how to navigate through the rules and regulations to determine eligibility and what counts as qualified wages.

Access our new video and answers to frequently asked questions here.


New E-Book Now Available

It’s vital for your organization to understand the implications your IT environment can have on your financial statement audit.

Our new CapinTech e-book, How Weak IT Controls Can Affect Your Financial Statement Audit, provides a guide to building and enhancing your organization’s control framework. Download your free copy today!


Don’t Miss Our Cyber Series Webcast on Vulnerability Management
Vulnerability management is critical to the security of nonprofits. Join our free CapinTech Cyber Series webcast on May 18 for practical steps you can take to identify, mitigate, and respond to vulnerabilities within your organization. Learn more and register.

Can’t make it? Sign up to receive the recording.


CapinCrouse Named an Accounting Today Top Regional Leader for 2022
Accounting Today 2022 Regional Leaders logoWe are honored to have once again been designated as an Accounting Today Top Regional Leader. It is our second year in a row being named to this annual ranking of leading firms, based on revenue.

CapinCrouse has served mission-focused nonprofit organizations, churches, and higher education institutions nationwide for 50 years by providing support in the key areas of financial integrity and security.

We are grateful for our clients and dedicated team members who make the firm’s success possible. Thank you!

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