Not-for-Profit

Critical Investment Strategies for Not-For-Profits During COVID-19

As businesses in industries across the board continue to adapt to the unique challenges presented by COVID-19, many not-for-profit organizations had to think outside the…

Potential Extension for Not-for-Profit Organizations Adopting the Revenue Recognition Standard

As the COVID-19 crisis postpones the Olympics, the Tony Awards, the Kentucky Derby and more, the Financial Accounting Standards Board (FASB) also determined a…

Clarification on Return of Title IV Funds for Postsecondary Institutions

The entire world is affected by the Coronavirus (COVID-19) pandemic, and many industries are being impacted in different ways. Look no further than postsecondary…

Federal Financial Assistance Impacted by COVID-19

Article updated on May 11, 2020 On March 9, 2020, the Office of Management and Budget (OMB) issued M-20-11, “Administrative Relief for Recipients and…

Proposed Regulations Under Section 512(a)(6) for Not-for-Profit Organizations

Amidst the large amount of guidance pending for the CARES Act, the IRS has released the long-awaited Proposed Regulations under Section 512(a)(6), related to…

Webinar: Composite Score and Financial Responsibility Changes

Join our expert Raymond Krouse, CPA as he covers how recent accounting standards required the Department of Education to modify terminology used to calculate…

Accounting Methods for the Paycheck Protection Program Loan

As legislation is passed at an increased speed to combat challenges presented by the COVID-19 crisis, accounting methods for the Paycheck Protection Program (PPP)…

Proposed Deferral of Lease Standards Due to COVID-19 Business Interruptions

On April 8, 2020, the Financial Accounting Standards Board (FASB) proposed the deferral of Accounting Standards Update No. 2016-02, Leases (Topic 842), and subsequent…

COVID-19 Guide for Not-for-Profit Organizations

As the COVID-19 pandemic continues to disrupt our day-to-day, we are presented with unprecedented challenges that force the not-for-profit industry to quickly adapt to…

Statement on Auditing Standards 134: What You Need To Know for Your Audit

Your organization’s audit might not be top-of-mind at the moment due to changing legislation relative to COVID-19. That said, it’s important for not-for-profits to…

CARES Act Emergency Grants for Higher Education

As higher education institutions and your students are encountering unique challenges and unexpected costs, the Department of Education has announced distribution of funding allocations…

Clarifications of an Institution’s Composite Score

The Department of Education’s clarification of an institution’s calculation of the composite score to confirm with changes in certain accounting standards On September 23,…

Securing Donations During Difficult Times

As you work to navigate these difficult times as a leader of a not-for-profit organization, it’s important to continue thinking about charitable contributions and…

Fraud Happens: Prevention Starts with a Plan and a Strong Will

External audits are essential tools to help uncover critical information about a Not-For-Profit’s financial standing and overall health. Although auditors adhere to a strong,…

How are NFPs and Their Auditors Reporting the Effects of COVID-19?

Not-for-profit organizations and their auditors are now faced with the challenge of addressing the coronavirus pandemic (COVID-19) and its potentially harmful effects on the…

What You Need to Know About Final Audit Determination Letters

Final Audit Determination Letters (FADL) are the U.S. Department of Education’s (Department’s) final response to the institution’s annual Student Financial Aid (SFA) compliance audit….

What to Do When You’re Thinking About Selling Your School

An e-mail arrives in your inbox from an investor who is interested in acquiring your school. You have been on their radar for some time…

The Repeal of the Parking Tax and Other Changes for NFPs

Major changes affecting not-for-profit organizations It’ll come as good news to all tax-exempt organizations that the “parking tax” was repealed and, to many, that…

A Recap of Revenue Recognition for Tax-exempt Entities

Times can be trying for not-for-profits (NFPs) applying FASB Accounting Standards Codification (ASC) 606, Revenue for Contracts with Customers. As these standards keep changing,…

The Differences Between Vulnerability Scanning and Penetration Testing

Today’s cybersecurity landscape has seen security consciousness grow amongst many organizations, such that organizations have moved from reactively scrambling to respond once a cybersecurity…

Not-for-Profit

Critical Investment Strategies for Not-For-Profits During COVID-19

Potential Extension for Not-for-Profit Organizations Adopting the Revenue Recognition Standard

Clarification on Return of Title IV Funds for Postsecondary Institutions

Federal Financial Assistance Impacted by COVID-19

Proposed Regulations Under Section 512(a)(6) for Not-for-Profit Organizations

Webinar: Composite Score and Financial Responsibility Changes

Accounting Methods for the Paycheck Protection Program Loan

Proposed Deferral of Lease Standards Due to COVID-19 Business Interruptions

COVID-19 Guide for Not-for-Profit Organizations

Statement on Auditing Standards 134: What You Need To Know for Your Audit

CARES Act Emergency Grants for Higher Education

Clarifications of an Institution’s Composite Score

Securing Donations During Difficult Times

Fraud Happens: Prevention Starts with a Plan and a Strong Will

How are NFPs and Their Auditors Reporting the Effects of COVID-19?

What You Need to Know About Final Audit Determination Letters

What to Do When You’re Thinking About Selling Your School

The Repeal of the Parking Tax and Other Changes for NFPs

A Recap of Revenue Recognition for Tax-exempt Entities

The Differences Between Vulnerability Scanning and Penetration Testing

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