Since 2013, nonprofits have been dealing with the provisions of Executive Order 38 (EO-38), which among other things, placed a limit on the executive compensation of certain State-funded nonprofits. Effective October 30, 2019, November 6, 2019, and November 20, 2019,...
It seems these days that everyone wants you to do more with less. There never seems to be enough funds to cover your costs, reward your staff, finance your operations, and provide high-quality programming … especially if you are solely a provider of educational...
The FY 2020 Enacted Budget authorizes the State to implement an across the board (ATB) reduction to its State Share of Medicaid payments ($190.2 million State share). Pursuant to this authority, such payment reductions will apply for dates of service January 1, 2020...
Anybody who knows me, knows I love to be up in the mountains … it’s the one place where I am not 100% focused on work. The funny thing is, at work, I often find myself thinking about hiking and climbing … not from a daydreaming perspective, but from a business and...
Enrollment at many private schools has seen a downturn, forcing schools to become more aggressive with their scholarship programs. In order to still have the necessary cash flow, many schools have established endowments to help fund these scholarships. While this can...
NYPMIFA, a New York State law impacting nonprofit investing and endowments, has been around since September 2010. Even so, almost 10 years later, many organizations are still not complying with its regulations. Some of the key factors organizations need to consider...
For a nonprofit organization, a board member can either be a valuable resource or a tremendous distraction. Effective board members can add to organizational effectiveness, infusing keen insight and ideas into the organization’s operations. Conversely, ineffective...
Last week, the New York State Comptroller’s office issued a report focused on the New York State nonprofit sector, utilizing data from 2017, the most recent data available. The report provided the following hi-lights: Nonprofits provided over 1.4 million jobs,...
Last week NYSED released its methodology letters for preschools and school-age programs. The methodology letters were pretty much what was expected and what we reported in the last issue of the Special ED-ition. On the preschool front, providers received a 2% increase...
