Nonprofit Resources
Nonprofit Issues Newsletter, April 2024
How to prepare for CECL, navigate the current economic forecast, evaluate your accounting software needs, and more.
Adopting CECL: What Nonprofits Need to Know
The new accounting standard for expected credit losses, commonly referred to as CECL, is now in effect. It’s important to understand which of your nonprofit’s assets may be within the scope of the standard and begin planning for the impact on your financial reporting.
Here are answers to frequently asked questions about CECL and insight on what nonprofit organizations need to know as they implement the new standard.
Navigating 2024: Economic Forecast and Insights for Nonprofits
As rapid economic change and uncertainty continue, nonprofit leaders can take a strategic approach to minimizing negative outcomes. We recently discussed the current economic forecast and the potential implications for nonprofits during the CapinCrouse National Nonprofit Virtual Seminar.
Read key takeaways from that conversation here.
How to Evaluate the Effectiveness of Your Accounting Tech Stack
Effective accounting software solutions and automation can provide nonprofit organizations with significant benefits, including improved accuracy and efficiencies that free up accounting staff members to focus on functions only they can perform.
These steps will help you evaluate the effectiveness of your current accounting software, calculate the cost of making a change, and ensure adequate security and training for existing or new software.
Student Financial Aid Best Practices for K-12 Schools
Private K-12 schools must navigate many financial aid considerations. This article discusses the findings from a recent survey of Council on Education Standards & Accountability members and looks at common K-12 financial aid strategies and best practices.
Newsbits
Don’t Miss These Free, Informative Webcasts
Register for our “Clean Energy Credits for Nonprofit Organizations” webcast on Thursday, May 2 at 1:00 p.m. EDT for an overview of the clean energy credits now available to nonprofits and a roadmap to help you think through the potential benefits of pursuing them. Learn more and register.
Fraud is a pervasive threat for nonprofits, but there are steps you can take to reduce your organization’s risk. Join our “Navigating Current Nonprofit Fraud Risks” webcast on Tuesday, May 21 at 1:00 p.m. EDT for a look at current fraud trends and best practices. Learn more and register.
CapinCrouse Named an Accounting Today Top Regional Leader for Fourth Consecutive Year
We are honored to share that CapinCrouse has once again been designated as an Accounting Today Top Regional Leader. It is our fourth consecutive year being named to this annual ranking of leading firms, based on revenue.
CapinCrouse is the largest firm in the country exclusively serving nonprofits, according to Inside Public Accounting Top 200 data. We are grateful for the support of our nonprofit clients and the hard work and dedication of our team, all of which make our continued growth possible. Thank you!
CapinCrouse Managing Partner Fran Brown Named Forbes Top CPAs List
We are excited to announce that CapinCrouse Managing Partner Fran Brown was named to the America’s Top 200 CPAs list from Forbes!
Nominees were rated on a range of weighted criteria, including expertise, innovation, thought leadership, experience, and service to the community and their profession.
