Mahnaz Cavalluzzi

Contribution Accounting for Recognizing Nonprofit Revenue

Nonprofit organizations often receive financial support from donors, foundations, government agencies, and other entities in the form of contributions and grants. Accounting for these transactions can be challenging, as they may involve complex terms and conditions that affect the timing and amount of revenue recognition.

How to Account for Joint Costs in Nonprofit Organizations

A guide to applying the accounting standards for activities that include both program and fundraising components. What are joint costs and why are they important? Joint costs are the costs of conducting activities that have more than one purpose or function, such as...

Defined Contribution Plan Audit Requirements: 2024 Update

For plan years beginning on or after January 1, 2023, The United States Department of Labor (DOL), Internal Revenue Service (IRS), and Pension Benefit Guaranty Corporation have announced changes to the form 5500 which impact the methodology for determining the size of...

Navigating the Future: Key Fundraising Trends Shaping Nonprofits in 2024

As we embark on the journey through 2024, nonprofits are faced with an ever-evolving fundraising landscape, marked by dynamic shifts and emerging trends. In addition to the previously discussed strategies, several other factors will play a crucial role in shaping the...

FOR IMMEDIATE RELEASE: Cerini & Associates, LLP Announces Key Promotions to Drive Continued Growth and Excellence

Cerini & Associates, LLP Announces Key Promotions to Drive Continued Growth and ExcellenceContact: Kelli-Anne CeriniMarketing ManagerCerini & Associates, LLPP: 631-582-1600 ext. 401E: [email protected], NY – January 16, 2024 – Cerini & Associates,...

Nonprofit Collaboration

Collaboration is a powerful tool that can help nonprofit organizations achieve their goals and make a real impact in the communities they serve. Nonprofits that collaborate effectively can share resources, knowledge, and expertise, and build strong relationships with...

Preparing for a DOL Audit

With the Department of Labor (“DOL”)’s recent expansion of audits of employee benefit plans it’s important to consider the various factors that may trigger an audit and whether or not your organization is at risk. While some plans are chosen at random, factors that...

Board Training Webinar – Part III

Matthew Burke and Mahnaz Cavalluzzi held an informative webinar on Board training. In this Webinar they covered: – Fiscal ViabilityABOUT OUR SPEAKERS Matthew Burke PartnerMatt specializes in providing Cerini and Associates’ diverse array of midsized business clientele...

Key Audit Matters (KAMs)

As part of audit engagements, auditors may be engaged to report on Key Audit Matters (KAMs). The purpose of communicating KAMs is to provide greater transparency about the audit that was performed and to provide financial statement users with a basis to further engage...

Shuttered Venue Operators Grant

The Shuttered Venue Operators Grant (SVOG) program was established to aid venues, performing arts centers, museum operators, movie theaters, and similar organizations affected by the COVID-19 pandemic. This program includes over $16 billion to be distributed by the...
New York State Budget Update for Nonprofits

New York State Budget Update for Nonprofits

On January 16, 2018, Governor Cuomo presented his 2018/19 Budget Address and discussed the proposed fiscal 2019 budget and its impact on New York State. While his address touched upon various agencies and industries, we’ve outlined below some of his major proposals...

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OPWDD, OMH, OASAS, and SED CFR Update

OPWDD, OMH, OASAS, and SED CFR Update

Revisions to the New York State Consolidated Fiscal Report (CFR) for the July 1, 2016 to June 30, 2017 year have been made and released by New York State. For a complete list of revisions, updated manuals, and approved software, please click here. What follows are...

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Improving Profitability in Your Medical Practice

Improving Profitability in Your Medical Practice

Running a successful medical practice, whether small or large, goes far beyond giving patients a high level of care. Like any business, there are administrative, legal, financial, and technological needs that should be addressed. All of these take time and money,...

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OPWDD’s Transition to Value Based Payments

OPWDD’s Transition to Value Based Payments

Under the current fee-for-service payment structure, volume is incentivized over value. In order to keep volume levels high enough to maintain operations, providers may be delivering a lesser quality of service. This results in higher readmission rates and an increase...

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2016-17 Executive Budget Summary

2016-17 Executive Budget Summary

On January 13, 2016 Governor Cuomo gave his 2016 State of the State and Executive Budget Address where he discussed the proposed fiscal 2017 budget and its impact on New York State. While his address touched upon various agencies and industries, we’ve outlined below...

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Rate Correction Deadlines Approaching:

Rate Correction Deadlines Approaching:

The deadline to request a rate correction from the New York State Department of Health (DOH) is February 15, 2016 for organizations that received their new rates as of November 16, 2015. If there are errors in the DOH’s rate calculation that results in a change of...

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