Nonprofit Resources
SECURE 2.0 Act Alert: Potential Employee Eligibility Issue for 403(b) Plans
March 26, 2025 - Nonprofit organizations should be aware of a SECURE 2.0 Act provision that could impact certain 403(b) plans, especially those that exclude employees working less than 20 hours a week (1,000 hours annually). Learn about the issue and recommended action items.
What Federal Award Recipients Must Do to Implement the 2024 Uniform Guidance Revisions
February 25, 2025 - If your organization receives federal awards, it’s important to understand the 2024 Uniform Guidance revisions and how the effective dates apply to you. To help, 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.
Should Your Church Consider an Internal Audit?
February 24, 2025 - There are several reasons why a church may perform an internal audit. Learn who and what a church internal audit should involve, when to perform one, and how to report the results.
When Your Institution Is Facing an Uncertain Future: Revenue Enhancement Considerations
February 24, 2025 - Many smaller higher education institutions face constant uncertainty. 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.
Frequently Asked Questions About Managing Employee Time
January 31, 2025 - 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. Here are answers to common questions about managing employee time.
Reporting Internal Audit Results to Your Institution’s Board
December 16, 2024 - An essential last step in the internal audit process at a higher education institution is reporting the results to the board. These recommendations and examples can help you develop a clear, effective internal audit report and presentation.
Overtime Updates and Resources
October 28, 2024 - With the recent changes to the overtime rule, it’s essential for nonprofits to understand the requirements and maintain compliance. We have gathered some information and resources to help.
Performing Risk Assessment in Higher Education Institutions
October 28, 2024 - Learn how to identify areas of risk within your higher education institution and develop an effective risk assessment process.
Should Your Church Change its Fiscal Year-End?
October 28, 2024 - If your church uses a calendar year-end of December 31 as its fiscal year-end, you may want to consider whether you would benefit from changing it. Here’s a look at the potential advantages and disadvantages.
Determining Worker Classifications
October 24, 2024 - When individuals perform work for an organization, there are several specific, defined ways for them to be classified in the organization’s payroll and accounting systems, depending on the nature of their work. It is important to classify workers correctly because errors have tax implications for both the employee and the employer.