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.

By Ric Opal | March 11, 2021

Is Your Nonprofit Prepared for a Cyberattack?

At the height of COVID-19, nonprofit organizations were forced to postpone or cancel events, transition their staff to work remotely, limit programs and contend with deferred planned investments. And, according to BDO’s 2020 Nonprofit Standards Benchmarking Survey, 46% of...

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 comes various terms and conditions, and...

By Nonprofit Practice Leaders | February 01, 2021

CARES Act Employee Retention Credits for Nonprofit Employers

Many nonprofits have struggled to stay afloat since the onset of the COVID-19 pandemic. Fortunately, recent legislation offers organizations additional support by retroactively eliminating limitations on—and extending and enhancing—the Employee Retention Credit (ERC) included...

By Nonprofit Practice Leaders | January 19, 2021

How Managed Services Providers Can Help Nonprofits

According to our most recent Nonprofit Standards Benchmarking Survey, 64% of nonprofits were planning to invest in new technologies. As organizations continue to expand their digital capabilities in the year ahead, managed services providers (MSPs) can help them maximize value...

By Nonprofit Practice Leaders | December 29, 2020

The Latest in COVID-19 Funding Compliance Guidance

On December 22, 2020, the Office of Management and Budget (OMB) released the Addendum to the 2020 Compliance Supplement (the Supplement Addendum). The Supplement Addendum is important for organizations that accepted federal COVID-19 relief funding, as it offers guidance around...

By Lee Klumpp | December 22, 2020

Nonprofits Have Additional Time to Comply with New Lease Accounting Standards

In 2016, the Financial Accounting Standards Board (FASB) updated its lease accounting guidance (ASC Topic 842) and closed a diversity in practice in the previous standard. The major change is that organizations must now include lease assets and liabilities on their balance...

By Jim Amsler | December 03, 2020

COVID-19 and Privacy: What do Nonprofits Need to Know?

For nonprofits to continue their mission-critical work and support the needs of communities impacted by COVID-19, they need to protect the sensitive data they host. Our latest blog post describes how the cyberthreat landscape is expanding, and why nonprofits need to prioritize...

By Barbara Finke | November 18, 2020

Is Your Organization Audit Ready?

Whether you are facing an audit for the first time or you have been audited for years, making sure that your nonprofit organization is ready can be overwhelming, especially given the challenges of COVID-19.

By Nonprofit Practice Leaders | November 13, 2020

Port in the Storm: How to Maximize Year-End Giving

While #GivingTuesday has traditionally been a pivotal occasion for nonprofits’ fundraising campaigns, the events of 2020 have made this year’s giving season more mission-critical than ever before. Learn how your organization can get a boost this year with our latest blog post.