New Government Accountability Office (GAO) Report: Update on the Paycheck Protection Program’s (PPP) Loan Audit Process

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.

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...

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.

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...

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.

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...

Facing unprecedented disruptions, the world is relying on nonprofits more than ever before. Now in its fourth year, our annual Nonprofit Standards benchmarking survey arms your organization with the metrics needed to gauge how you stack up against your peers and uncover...

While the Coronavirus Aid, Relief, and Economic Security (CARES) Act provided some financial relief for struggling nonprofits, it falls far short of fully covering their needs. Our latest blog post offers tips for sustaining nonprofit finances during the COVID-19 pandemic.