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Automating Your Nonprofit Back Office for Efficiency and Impact
Summary: Nonprofit organizations often face a significant digital hurdle: automating their back-office tasks. Many nonprofits rely on limited resources, outdated…
Making the Most of Your Form 990: Strategies for Transparency, Compliance, and Impact
By Anna Helfen, CPA – Tax Manager, Nonprofit, Aprio Advisory Group, LLC Your organization’s Form 990 is more than a…
Adapting to the OBBB: A Strategic Roadmap for Nonprofits
Summary: The One Big Beautiful Bill introduced new tax provisions that will reshape the nonprofit landscape, requiring strategic adjustments in…
From Confusion to Clarity: Mastering Form 990-PF: A Guideline for Private Foundations
At a glance Schedule a consultation The full story: For Private Foundations, navigating the tax landscape can be intimidating. Understanding…
The Data-Savvy Nonprofit: Using Analytics to Strengthen Donor Engagement and Program Effectiveness
At a glance Schedule a consultation The full story Nonprofit organizations, driven by missions to address a wide array of…
Unlocking Fraud Prevention: 5 Tips for Nonprofits
At a glance: The full story: Nonprofits are rightly focused on furthering their mission and developing programs to serve their…
Non-Profits: Pivoting from Government to Foundation Funding
At a glance Schedule a consultation The full story: A federal funding freeze set forth by President Trump’s Executive Order:…
How Nonprofits are Navigating Recent Federal Policy Changes: A Survey Review
At a glance Schedule a consultation. The full story: The Trump Administration’s Executive Order: Reevaluating and Realigning United States Foreign…
Case Study: Enhancing Operational Efficiency for a Nonprofit Organization
Find out how one nonprofit achieved operational efficiency, cost savings, and increased capacity Aprio recently engaged a nonprofit organization dedicated…
Temporary Restraining Order Halting USAID Mass Terminations is Lifted
Legal challenges to President Trump’s actions to defund USAID have been rapidly evolving since his January 20 Executive Order: Reevaluating…
Resources for Displaced Federal Workers
Executive orders and policy changes from the Trump administration have created ripple effects throughout the federal government, leading to funding…
A Timeline of Funding and Policy Shifts in the Department of Education
Recent actions by the Trump Administration and subsequent legal challenges have left the future direction of the Department of Education…
Defunding USAID: A Timeline of Events?
The Trump Administration’s actions to reassess federal aid policy have had widespread impacts on USAID, its staffers, grantees, and its…
Financial Action Plans for Nonprofits Impacted by Federal Funding Freeze
The freeze on federal aid funding set into motion by President Trump’s Executive Order: Reevaluating and Realigning United States Foreign…
Demystifying the Schedule A Public Support Test
At a glance Schedule a consultation The full story: Schedule A, Public Charity Status and Public Support, can take many…
Benefits of Outsourced Accounting for Your Nonprofit
At a glance Schedule a consultation The full story: One area where significant efficiency improvements can be made is in…
Maximizing Donations: How Merchant Card Services Can Drive Nonprofit Growth
At a glance The full story: Whether using a QR code to view a menu and place a takeout order,…
Nonprofit Contribution Management: Key Accounting Standards and Policies
At a Glance The Full Story Contributions are crucial to funding for nonprofits, making accurate accounting essential for transparency and…
Does your company receive federal awards? Changes effective 10/1
OMB incorporated a few minor changes, specifically, what is included as federal financial assistance under the Build America, Buy America…
The Principles of Allowable Cost under Uniform Guidance for Your Nonprofit
At a glance The Uniform Guidance sets forth Cost Principles in 2 CFR 200 Subpart E. When you apply for…
Uniform Guidance Required Policies: Is Your Nonprofit Compliant?
Schedule a consultation today to assure compliance for your organization. At a glance Maintaining written policies regarding certain federal award…
Nonprofit accounting for Crypto assets: Should you early adopt ASU 2023-08?
In December 2023, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2023-08, Goodwill and Other—Crypto Assets (Subtopic…
Keep Your Nonprofit Organization Audit Ready!
At a glance: For some organizations, financial audits are an inevitable part of the accounting cycle. Still, just the mention…
Does your company receive federal awards?
The Office of Management and Budget (OMB) released revisions to the Guidance for Federal Financial Assistance located in title 2…
Control Activities – preventing or detecting and correcting what can go wrong so you can protect your nonprofit
By: Mark Robins and Casey Atalie Claveria At a glance: The full story: Control activities are specific activities implemented within…
Navigating the Nonprofit Landscape: Information & Communication Components of Internal Control Frameworks
At a glance: If you or someone at your organization needs help with establishing a system of internal controls, please…
Be the Vigilant Guardian: The Monitoring Component of Internal Controls for Your Nonprofit
At a glance: Schedule a consultation with Aprio’s Information Assurance Services and Risk Management team today for help establishing a…
Not for Profit Accounting Made Easy: 5 Ways to Make Your AP Seamless
Got questions? Connect with an experienced Aprio advisor today.Schedule a Consultation
Making an Effective Risk Assessment Plan
At a glance: Schedule a consultation with Aprio’s non-profit specialists today. The full story: The management and protection of financial…
Protect Your Organization with an Effective Control Environment
At a glance: The full story: All organizations need to have some type of underlying internal control framework or system…
Updates on Excess Tax-Exempt Organization Executive Compensation
The Tax Cuts and Jobs Act of 2017 added a 21 percent excise tax on tax-exempt organizations, including associations, that…
Virginia Disallows Credit for Pass-through Entity Taxes, While General Assembly Proposes SALT Cap Workaround
The Virginia Department of Taxation has issued a ruling addressing whether resident individuals can claim a credit for taxes paid…
Substantial Employee Retention Tax Credit Opportunities Remain At Large
Since the employee retention tax credit (ERTC) was first introduced by the CARES Act in March 2020, ERTC has resulted…
Georgia Nonprofits: You May be Eligible for Certain Georgia Jobs Tax Credits
By: Betsy Goldstein, SALT Manager At a glance The main takeaway: Nonprofits may be eligible for certain jobs tax credits…
Not-For-Profit GAAP: Defining Equity Transfer and Equity Transaction
An equity transfer is a nonreciprocal transfer between related not-for-profit (NFP) organizations, where one of the not-for-profits owns the other…
The Redesigned 990-T, Take 3
While the Form 990 has not seen many changes since it was radically redesigned in 2008, the same cannot be…
What are Donor-Imposed Conditions?
Donors can impose two different types of stipulations on contributions provided to nonprofits, restrictions and conditions. While donor-imposed restrictions specify…
Nonprofit Revenue Recognition: Contribution Vs. Exchange Transaction
In order to apply the correct revenue recognition accounting, nonprofits must consider if a transaction is a contribution or an…
Increase in Micropurchase Threshold Available Under Certain Qualifications
Under Uniform Guidance procurement guidelines, there is a concept of a micro-purchase threshold under which price analysis or comparison is…
What Should be Included on your SEFA?
Under Uniform Guidance, entities that expend more than $750,000 in federal funds are subject to a single audit. This requires…
Common Functional Expense Mistakes
It is important for nonprofits to ensure that the data they present in their functional expense statement or schedule is…
FFATA Reporting Requirements
FFATA (Federal Funding Accountability and Transparency Act) reporting is required by all prime awardees that enter into subawards for $25,000…
Maryland’s RELIEF Package Provides Sales Tax Credit for Small Businesses of up to $12,000
On February 13, 2021, the Maryland legislature approved Governor Larry Hogan’s Recovery for the Economy, Livelihoods, Industries, Entrepreneurs and Families…
Who Should Your First Accounting Hire Be: Controller, Senior Accountant, or CFO?
Congratulations on successfully establishing your business and beginning operations! Now that you’re up and running, you may be considering your…
Robotic Process Automation for Nonprofits
Efficiency and cost-effectiveness are key to realizing nonprofit organizations’ missions. With modern technology, these key goals can be achieved through…
Paycheck Protection Program Update: Don’t Forget the Forgiveness!
Last Updated: August 24, 2020 The Paycheck Protection Program (PPP) was created on March 27, 2020 when President Trump signed…
COVID-19 Pandemic Impact on Subsequent Events Assessment
As we continue to battle the uncertainties of the coronavirus pandemic (COVID-19), economic and business disruptions have been prevalent. They…
COVID-19 Pandemic Impact on Revenue Recognition
While coronavirus, COVID-19, continues to impact companies and organizations in the short-term, the long-term impacts remain largely unknown. Companies should…