As a matter of best practice, nonprofits should disclose credible evidence of any violations of any federal criminal law to the Office of Inspector General of their grant-making agency in accordance with the higher standard required under the Federal Acquisition Regulation, despite only being legally required to provide actual violations under the Uniform Guidance.
The DOL Final Rule on sick leave for federal contracts will NOT apply to most nonprofits because grants and cooperative agreements are not covered. However, as the Rule does apply to subcontracts, nonprofits should review their sources of federal funding to ensure that they are not covered.
On August 18, 2016, the Financial Accounting Standards Board (FASB) issued a new Update intended to simplify and improve how a nonprofit classifies its assets, investments, expenses, resources and cash flows. You may know FASB from your accountant or auditor – these are the standards that dictate accounting practices and therefore the way your organization tracks its financial position.
Release Date: August 2, 2016
Press Releases | NPCC
The New York Community Trust Nonprofit Excellence Awards Program, in its 10th year, announced the nonprofit organizations in New York City and Westchester that have been chosen as semifinalists for $60,000 in prizes and prestigious scholarships.
The 2016 New York Community Trust Nonprofit Excellence Awards are underway in partnership with The Trust and Philanthropy New York, sponsored by WNYC, and supported by The Clark Foundation and RSM US.
The Awards provide applicants with an in-depth review of their management practices in Eight Key Areas of Nonprofit Excellence that are nationally-recognized.
Community Resource Exchange (CRE) announced the five nonprofit awardees of the CRE Rising Fund, a pro bono consulting initiative now in its second year. The awardees cover a broad range of impact areas, from services for Muslim women and children and the LGBQT community, to entrepreneurship and emerging technology education programs.
Effective July 1st, 2016 the user fee to process FORM 1023-EZ (application for recognition of exemption under 501(c)(3) status) is lowered from $400 to $275.
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On Tuesday June 21, NPCC and Philanthropy New York held a joint panel on “Diverse Boards: Moving Beyond Rhetoric.” This panel delved deeper into the diversity and inclusion conversation that was featured during NPCC’s Annual Meeting this past March.
Ann Marie Thigpen - Director of Center for Nonprofit Leadership at Adelphi University and former member of the Nonprofit Excellence Awards Selection Committee
In conversation about boards, we inevitably gravitate towards the “F” words – finance and fundraising, but an effective board’s role and responsibilities go far beyond a fiduciary one.
The House on Tuesday passed a bill that would bar the Internal Revenue Service from forcing tax-exempt nonprofit organizations to disclose the identities of their contributors to the IRS.
Source: House Passes Bill to Exempt Nonprofits From IRS Disclosure Rules - Morning Consult
Introduced in April by Rep.