By Nonprofit Practice Leaders | September 28, 2020

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

On September 21, the Government Accountability Office (GAO) released its third report regarding its oversight of the federal government's COVID-19 pandemic response. Discover what nonprofits should keep in mind when it comes to how the Small Business Administration (SBA) plans to review and forgive Paycheck Protection Program (PPP) loans.

By Tammy Ricciardella | September 24, 2020

New Accounting Standards Update On Nonprofit Gifts-in-Kind


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...


By Nonprofit Practice Leaders | June 17, 2020

New Data – Nonprofits, Benchmark Against Your Peers and Push Your Mission Forward

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...


By Nonprofit Practice Leaders | May 14, 2020

Nonprofit Financial Sustainability During COVID-19

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.