Nonprofit Resources
Nonprofit Issues Newsletter, February 2025
Learn about the Uniform Guidance revisions and how they may affect your organization, answers to common questions about managing employee time, what to consider before accepting a real estate contribution, and more.
What Recipients of Federal Awards Must Do to Implement the 2024 Uniform Guidance Revisions
In April 2024, the U.S. Office of Management and Budget (OMB) released the revised Guidance for Federal Financial Assistance, which includes revisions to the Uniform Guidance. The effective date of these changes is generally October 1, 2024, for new direct federal awards issued on or after that date. However, this guidance may also affect federal awards issued prior to October 1, 2024.
If your organization receives federal awards, it’s important to understand how the effective dates apply to you. This article provides a summary of the changes, along with a look at several example awards, the effective dates for these awards, and whether they fall under the 2024 revised Uniform Guidance or the historical Uniform Guidance regulations. It also includes a helpful template you can use to track your agreements.
Frequently Asked Questions About Managing Employee Time
While the rules around managing employee time can be nuanced, labor laws must be closely followed to ensure your organization is in compliance and employees are appropriately protected.
To help, we’ve compiled these answers to common questions our church, higher education, and nonprofit clients ask us about managing employee time.
When Your Institution is Facing an Uncertain Future: Revenue Enhancement Considerations
Many smaller higher education institutions face constant uncertainty due to enrollment changes, increased costs, and heightened competition. Leaders sometimes find that despite their best efforts to ensure the longevity of their institution, all paths forward seem to be blocked.
One route to explore is revenue enhancement — pursuing options for increasing revenue and optimizing your institution’s finances. Here are some strategies to discuss with your leadership team.
Should Your Church Consider an Internal Audit?
There are several reasons why a church may perform an internal audit. For some churches, it is required by their constitution or denomination. Others may opt for an internal audit because they don’t have the resources or need for an external audit.
Whether or not your church is required to perform an internal audit, it’s worth considering the potential benefits. Learn who and what an internal audit should involve, when to perform one, and how to report the results here.
What to Consider Before Accepting a Real Estate Contribution
If your nonprofit is offered a gift of real estate, you might be tempted to jump at the opportunity. But it’s crucial to carefully consider these gifts to avoid any unpleasant surprises and negative consequences.
We’ve updated our popular article on real estate contributions to help you address key considerations and accept a gift that provides real value for your organization. You can read it here.
Newsbits
Join Us at the CapinCrouse 2025 National Higher Education Roundtable
Higher education leaders: Please mark your calendar and plan to join us at our annual CapinCrouse National Higher Education Roundtable on Thursday, April 3 from 12:00 p.m. to 4:50 p.m. EDT. You’ll gain valuable insight and resources to help your institution address current realities and prepare strategically for what’s ahead. Details and registration will be available soon.
Key Federal Tax Figures for 2025
Our annual Key Federal Tax Figures summary is designed to be a helpful resource you can use throughout the year, and we’ve expanded and enhanced it to provide you with even more useful information. Download or print your free copy today!
Ken Tan Named Church and Denomination Services Director
Congratulations to Partner Ken Tan on being named Church and Denomination Services Director at CapinCrouse! Ken has extensive experience serving churches and other nonprofit entities. You can learn more about his expertise here.