Nonprofit Resources
Required Disclosure Regarding Cash Deposits in Excess of FDIC Insurance
March 13, 2023 - In light of the current questions being raised about the U.S. banking system, organizations should be aware of the importance of the required financial statement disclosure regarding cash deposits in excess of FDIC insurance. This disclosure provides the required information regarding an organization’s cash deposits in excess of the federally insured amounts.
Free Enhanced Online Access to U.S. Accounting Rules Now Available
March 6, 2023 - Free enhanced online access to accounting rules developed by the Financial Accounting Standards Board and the Governmental Accounting Standards Board is now available. This includes advanced features for searching, navigating, copying and pasting, and printing.
Nonprofit Issues Newsletter, February 2023
February 28, 2023 - Insight about the current economic forecast and the impact of inflation on nonprofits, recent IRS updates, additional guidance on Pell Grant and Direct Loan reconciliation, and more.
Requirements for Mandatory Direct Loan Reconciliations
February 21, 2023 - Learn about the mandatory reconciliation requirements for the Federal Direct Loan Program, including the types of reconciliations and their frequency and resolution.
Requirements for Pell Grant Reconciliations
February 21, 2023 - Information to help higher education financial aid and business offices understand the requirement for reconciling the Federal Pell Grant Program.
IRS Provides Clarification on the Qualified Appraisal Requirement for Cryptocurrency Contributions
February 27, 2023 - Although cryptocurrency may be traded on an exchange with readily available market quotations, the IRS’s position is that cryptocurrency is not a security and gifts of cryptocurrency must be substantiated by a qualified appraisal.
Nonprofit Issues Newsletter, December 2022
December 15, 2022 - What a nonprofit board’s relationship with the senior leader should look like, the potential impact of IT controls on your external audit, how to get started with using data, and more.
Webcast for Nonprofits: 2022 Nonprofit Tax Year-End Review
December 15, 2022 - Watch this recorded webcast for a summary of the most important changes taking place in exempt organization tax. We focus on areas that are changing and areas that remain unchanged — all with an eye toward what 2023 will bring.
GLBA Updates and Insights for Higher Education Institutions
December 14, 2022 - There are important steps higher education institutions should be taking now to become compliant with the Gramm-Leach-Bliley Act (GLBA) and reduce their cybersecurity risk. Watch this video to learn about important considerations related to regulations that are becoming narrower in scope and more specific.
What to Know About the New CO Family and Medical Leave Insurance Program
December 8, 2022 - Organizations with employees who work in Colorado must begin making premium deductions for the new program in January 2023. We explain the requirements and provide links to helpful resources.