posts tagged as financial reporting


By David Clark | May 03, 2021

What Higher Education Institutions Need to Know About Tuition Discounting

Universities and colleges in the U.S. are facing a challenging paradox. Over the past 20 years, tuition rates have increased a staggering amount, significantly outpacing inflation. For instance, the average tuition and fees for private... read more


By Nonprofit Practice Leaders | April 20, 2021

Getting Ready to Submit Your Form 990? Don’t Forget These Tips.

For most people, springtime heralds the beginning of tax season and its time-consuming filing responsibilities. Now imagine that your tax information is public record—anyone who is interested can easily access the financial, governance... read more


By Nonprofit Practice Leaders | April 08, 2021

Considerations for Nonprofits in the Post-COVID-19 Environment

Only one thing about COVID-19 seems certain: uncertainty. Over the past year, the nonprofit sector has navigated a range of unanticipated changes due to the pandemic, from remote work to the absence of large gatherings, reduced travel... read more


By Nonprofit Practice Leaders | March 16, 2021

Reporting and Audit Requirements for Provider Relief Fund Recipients

When Congress passed the Coronavirus Aid, Relief, and Economic Security (CARES) Act, it established the Provider Relief Fund (PRF) to support American families, workers and healthcare providers in the battle against COVID-19. read more


By Barbara Finke | February 18, 2021

Federal Funding Terms Demystified

As a result of the COVID-19 pandemic, many entities are receiving federal funding for the first time through measures like the Coronavirus Aid, Relief, and Economic Security (CARES) Act, and subsequent relief bills. But with these funds... read more


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... read more


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... read more


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. read more


By Nonprofit Practice Leaders | August 30, 2019

Maximizing Good: 3 Steps to Meeting Your Nonprofit’s Potential

Good intentions alone are not enough to drive meaningful change. In pursuit of noble missions, nonprofits must consider what steps they need to take in order to maximize their potential to do good. In our latest Nonprofit Standard blog... read more


By Katherine Gauntt | January 17, 2019

Impact of the Wayfair Supreme Court Decision on Nonprofits

Do you know all the ways the Supreme Court’s decision in South Dakota v. Wayfair could impact your nonprofit organization? Whether or not your organization offers goods and services, all organizations could now face extra costs to comply... read more