Nonprofit Resources
Webcast for Nonprofits: Untangling Leases: A Step-by-Step Guide to Implementing ASC 842
September 29, 2022 - This recorded webcast provides an in-depth review of the new lease accounting standards that will be implemented with ASC 842. We cover key decision considerations for implementation, examples of the types of leases, and the applicable transition guidance.
ED Provides Guidance on Repurposing Previously Spent HEERF Grant Funds
June 30, 2022 - Updated FAQs from the Department of Education state that beginning on or after March 15, 2022, institutions may repurpose previously spent HEERF(a)(2) grant funds to unobligated (a)(1) institutional grants.
Nonprofit Issues Newsletter, June 2022
June 28, 2022 - Learn about key steps in implementing the new accounting standard for leases, managing the effects of inflation, principles to help improve culture and effectiveness, and more.
Implementing the New Accounting Standard for Leases: Part Three
June 27, 2022 - The third article in our series about the new accounting standard for leases, ASC 842, walks through the key decisions that affect the accounting for each of your lease contracts. It also covers completing the initial and subsequent measurements based on those decisions and the underlying contracts.
Inflation’s Ripple Effect on Nonprofits and Their Employees: Part One
June 27, 2022 - Employers are scrambling to make tough decisions while employees request wages they consider fair amid marketplace uncertainty and increasing costs for basic necessities. Consider these steps as you work to balance the effects of inflation at your organization.
Compliance Trends Affecting Higher Education Institutions
June 20, 2022 - The changes and challenges higher education institutions navigate include several regulatory updates regarding compliance. This article looks at the impact of these changes and how they will affect institutions in 2022 and beyond.
IRS Raises Standard Mileage Rate for Second Half of 2022
June 10, 2022 - Effective July 1, 2022, the standard mileage rate for business travel will increase by four cents per mile, to 62.5 cents per mile.
Perkins Loan Deadline Extended
May 20, 2022 - The U.S. Department of Education Federal Student Aid office has extended the deadline for mandatory assignment of Federal Perkins Loans in default for more than two years to June 30, 2023.
Revisiting GLBA: Important Updates
May 12, 2022 - If your higher education institution receives federal funds, it’s important to understand recent updates to the Gramm-Leach-Bliley Act and how they may affect your institution’s compliance. This article provides an overview of the changes.
Nonprofit Issues Newsletter, April 2022
April 28, 2022 - Insight on implementing the new accounting standard for leases, cryptocurrency reporting requirements, how weak IT controls can affect your financial statement audit, and more.