Nonprofit Resources
The Importance of Accurate Net Asset Classification in Church Accounting
April 24, 2025 - Is your church classifying net assets correctly? By taking the right steps, your church can ensure that funds are used appropriately and gain vital insight to help you make informed financial decisions.
Quick, Easy Wins to Help Your Institution Prevent Title IV Compliance Findings
April 24, 2025 - Performing a compliance risk assessment and implementing proactive measures between audits could result in the early identification of errors and help your institution prevent future Title IV compliance findings.
Analyzing Key Financial Indicators: Cash Flow Ratios
April 24, 2025 - Applying effective cash flow ratios can provide vital insight into your church’s financial condition and trends. Learn about the different ratios, how to analyze them, and recommended benchmarks.
When Your Institution is Facing an Uncertain Future: Merger and Acquisition Considerations
April 24, 2025 - If your higher education institution is facing financial uncertainty, one potential path is a merger or acquisition. Here are some potential benefits and challenges of mergers and acquisitions you can use when starting to consider this step at a high level.
Treasury Narrows Beneficial Ownership Reporting Requirement to Foreign Entities
April 10, 2025 - While nonprofit entities have always been exempt from reporting information about their beneficial owners to the U.S. Department of Treasury’s Financial Crimes Enforcement Network (FinCEN), a new interim final rule has narrowed the requirement to apply only to foreign entities, and not to U.S. companies or U.S. individuals.
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.