Not-for-Profit & Education Archives

Lessons Learned in NFP & Planning for the Future

How the past year taught not-for-profit leaders to create a plan when the future is uncertain Can volunteers and donors connect with a not-for-profit…

The Pandemic’s Financial Impact on Higher Ed: New Legislation, Taxes and More

In the world of higher education during the pandemic, freshmen spent their first year in college joining Zoom classes, and seniors graduated in their…

6 Critical To-Dos Before You Select a New Microsoft Dynamics 365 ERP

When deciding on what an ERP project might look like for you, many tasks can be performed to increase your organizational readiness for the…

Updates to the Accounting Standards for Gifts-in-Kind and How They Impact Your Organization

In September 2020, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) No. 2020-07, Presentation and Disclosures by Not-for-Profit Entities for Contributed…

Dynamics 365 Business Central or Finance and Supply Chain Management: The Ultimate Guide for Making the Right Choice

Dynamics 365 Business Central or Finance and SUPPLY CHAIN MANAGEMENT? The ultimate guide to choosing the right Microsoft Dynamics ERP Which is right for…

Conducting Remote Audits: Best Practices for Schools

With the advent of the global COVID-19 pandemic and the Department of Education waiving the on-site requirements, auditors had to change the way that…

Recent Department Of Education Guidance On HEERF Grants

Much anticipated guidance for higher education institutions from the Department of Education was released following the Higher Education Emergency Relief Fund (HEERF) III under…

Updates to the Higher Education Emergency Relief Fund – March 2021

The Department of Education’s Updated Guidance on the Higher Education Emergency Relief Fund (HEERF) Programs for Institutions of Higher Education Now that Higher Education Emergency Relief…

Title IV Common Findings Corner: Quick Hits on Hot Topics

As the pandemic still strongly lingers and most schools have returned to the routine of in-person education, a new administration is settling in, and…

The Future of Title IV Under the New Administration

With the change in the administration this November, the higher education industry is in line for some likely changes over the next four years….

5 Key Performance Indicators to Measure Your Association’s Success: Part 2

In today’s virtual environment, it’s more important than ever to know the difference between crucial information and noise when it comes to decision-making. In…

FAQs for Not-for-Profit Organizations and the COVID Relief Packages

At the onset of the COVID-19 pandemic last March, Congress enacted three pieces of legislation over a few short weeks – the largest being…

Overview of Higher Education Emergency Relief Fund II

In December 2020, the Coronavirus Response and Relief Supplemental Appropriations Act of 2021 (CRRSAA) legislation passed, which created the Higher Education Emergency Relief Fund II (HEERF II). While similar to the first round of…

IRS Issues Final Regulations on Executive Compensation Tax for Exempt Organizations

On January 11, 2021, the IRS issued final regulations providing guidance on the federal excise tax on executive compensation in excess of $1,000,000 paid…

Final Regulations Released for UBTI of Separate Trades or Businesses in an Exempt Org

Back in May, the IRS released Proposed Regulations under Section 512(a)(6), related to the separate reporting for each unrelated trade or business of tax-exempt…

What to Consider When Converting from a Title IV School to a Not-for-Profit

Are you a for-profit institution owner considering an entity change? Are you curious what the benefits of being a not-for-profit educational institution are? There…

Updates to the Higher Education Emergency Relief Grants

The Higher Education Emergency Relief Fund (HEERF) was implemented under the CARES Act by the federal government earlier this year. The fund allocations became…

Common Origination and Disbursement (COD) Coronavirus Indicator

Due to the uncertainty of the pandemic, the Department of Education (DOE) has continually provided updates to its guidance for interruptions of study related…

Title IV Common Findings Corner: Credit Balances and Timing

Dating all the way back to July 2016, the cash management updates that coincided with the release of the Audit Guide created changes as…

The Long-awaited Implementation of State Authorization Requirements

This has certainly been an interesting year on many levels. The COVID-19 pandemic shook the landscape and ended up delaying a lot of regulations…