By Nonprofit Practice Leaders | October 13, 2020

Strengthening Internal Control in the COVID-19 Environment

At the start of the COVID-19, nonprofit organizations were disrupted by a heightened demand for services, decreased funding and regulatory changes. As a result, savvy nonprofits are reexamining their operations to adapt to this unprecedented time. Our latest blog post offers five key tips for nonprofits to strengthen their internal control systems in response to the remote environment.

By Barbara Finke | October 06, 2020

If, When and How Nonprofits Should Consider Reforecasting


By Tammy Ricciardella | September 24, 2020

New Accounting Standards Update On Nonprofit Gifts-in-Kind

The Financial Accounting Standards Board (FASB) has issued the anticipated Accounting Standards Update on presentation and disclosures of contributed nonfinancial assets for nonprofits. Our latest blog post details how the gifts-in-kind should be presented and disclosed.


By Nonprofit Practice Leaders | August 28, 2020

OMB Issues the 2020 Compliance Supplement

On August 18, the Office of Management and Budget (OMB) issued the 2020 Compliance Supplement to assist auditors in performing single audits and help organizations comply with grant, contract and federal requirements. Our latest blog post outlines the details.


By Nonprofit Practice Leaders | August 24, 2020

Tax News of Note for Nonprofits

It’s critical for nonprofits to stay abreast of proposed and updated regulations from the Internal Revenue Service (IRS). Read on to learn the latest developments organizations should know.


By Nonprofit Practice Leaders | August 10, 2020

Updated: Main Street Lending Program Now Open to Nonprofits

Recently the Federal Reserve announced an expansion to its Main Street Lending Program (MSLP) to aid nonprofit organizations impacted by COVID-19. Though the application process is not yet open, organizations should begin forecasting anticipated cashflow needs to assess if...


By Lee Klumpp | July 21, 2020

Congress Passes the Protecting Nonprofits from Catastrophic Cash Flow Strain Act to Assist Nonprofit Organizations

On July 2, 2020, the Senate unanimously passed legislation to assist nonprofits and governmental entities. The House passed the bill in a pro forma session on July 9, 2020. The bill is now headed to the president for his signature.


By David Clark | July 06, 2020

Higher Education and COVID-19: Tips for Navigating Federal Relief Funding

When the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law on March 27, approximately $14 billion was earmarked to support post-secondary education students and institutions through the Higher Education Emergency Relief Fund (HEERF). Among other...


By Nonprofit Practice Leaders | June 29, 2020

OMB Adjusts COVID-19 Single Audit Extensions

On June 18, the Office of Management and Budget (OMB) released a new memo outlining changes to previous single audit submission extensions, as well as new criteria related to emergency funds used during the coronavirus pandemic. Our latest blog post has all the details.


By Nonprofit Practice Leaders | June 22, 2020

Federal Reserve Proposes Expanding Main Street Lending Program to Nonprofit Organizations

On June 15, the Federal Reserve announced a proposed expansion to its Main Street Lending Program (MSLP) to address the liquidity needs of nonprofit organizations that have been impacted by the COVID-19 pandemic. Our latest post outlines the proposed loan terms, as well as the...