Maximizing Your Audit Experience at the Center for Nonprofit Advancement
Nonprofit organizations that are prepared ahead of time for an audit avoid making the audit an arduous process and, instead, gain insight and tips on achieving their financial goals and meeting donor expectations. This session is designed to help chief financial officers, controllers and other nonprofit accounting staff prepare for a smooth audit process. Accounting…
Could Your Organization Fall Victim to Embezzlement?
Embezzlement by employees can take many forms — from the simple use of a company credit card to buy inexpensive personal items to complex check forging schemes that result in massive losses. Take a look at these court cases, which illustrate some of the ways not-for-profit organizations can be defrauded: A former chief financial officer…
Emerging Trends in the Nonprofit Industry: Is Your Organization Prepared?
Join us for an interactive discussion about emerging trends in the nonprofit industry and how your organization should respond to stay ahead of the curve. You’ll come away with practical knowledge and tools to help your organization tackle some of its biggest challenges. Click here to view the slides.
Allocation of Functional Expenses and Overhead/Indirect Rates
In this second topic of a six part series, GRF audit partners Jennifer Arminger and Robert Albrecht will explore the commonly challenging topic of allocating expenses across various operations, including different methodologies and best practice recommendations. Additionally, we will dive into the topic of overhead allocations and how to accurately track and report overhead to…
Understanding Financial Ratios, Analyzing Unrestricted Net Assets and Setting a Proper Reserve
GRF audit partners Jennifer Arminger and Robert Albrecht presented this opening topic in a six part series, focused on how to properly read financial statements of a non-profit organization including an in-depth look at unrestricted activities and net assets and how to set a proper reserve. Additionally, they took a look at several key financial ratios,…
Uniform Guidance with Procurement & Sub recipient Monitoring
This presentation is from a complimentary webinar on Highlights of Uniform Guidance Subparts A-F With a Deeper Dive Into Procurement and Sub recipient Monitoring. During the webinar, presenters covered the following: Introduction to Uniform Guidance New vs. Old Regulations Subpart A: Acronyms and Definitions Subpart B: General Provisions Subpart C: Pre-Federal Award Requirements Subpart D:…
Property Management Under Uniform Guidance
The Federal Government provides more than $500 Billion each year in grants to the non-federal sector. Recipients of these grants that purchase equipment with their funds, are required to comply with the property management standards under the new Uniform Guidance, various reporting requirements, inventory and depreciation tracking, minimum insurance coverage and disposal regulations. Such regulations…
Congratulations, You Are Now a Law Firm Partner! What about Your New Tax Forms?
The following applies to partners in the local pre-jurisdictions of DC, Maryland and Virginia. When you first become a law firm partner, your federal taxes become very difficult and you can find them daunting. Prior to your partnership, your taxes probably revolved around a W-2 and tax return preparation was rather straight forward. As soon…
Nonprofit Retirement Plans: What You Must Know
Employee Benefit Plan Specialist Jackie Cardello partnered with ERISA attorney Dan Brandenburg of Saul Ewing LLP and Dewayne Wilson and Linda de Ridder of United Retirement Plan Consultants, a third party administrator of employee retirement plans, to address concerns related to nonprofit retirement plans. Ms. Cardello reviewed which retirement plans require audits, different Form 5500…