The Consolidated Fiscal Reporting System (CFRS) will be moving from a desktop application to a web-based application. For SED providers not already in the SMS system, the executive director of your agency should have received an e-mail from NYS ITS containing...
New Rules 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.
Beyond the Donation: Nonprofit Accounting and Board Governance Explained, an interview with Ken Cerini
Guest Article: 3 Donor Retention Strategies to Boost Engagement and Giving
Guest Article: Streamline Nonprofit Management by Automating These 5 Areas
The Role of Data Analytics in Nonprofit Decision-Making
How to Account for Joint Costs in Nonprofit Organizations
Inflation Reduction Act: Clean Energy Tax Credits for Tax-Exempt Entities
2024 Nonprofit Trends
Navigating Hiring, Compensation, Succession Planning, and Employee Retention Trends in Nonprofits: Insights for 2024
Nonprofit Technology Trends to Watch in 2024: Navigating the Digital Frontier
Healthcare Worker Bonus – The Series
Sep 6, 2022
If you’re like us, you have certain TV shows that you are totally invested in and can’t wait until the next episode comes out. Unless you are a masochist, that is probably not the case with respect to the weekly regulation updates coming out from DOH on the...
Healthcare Worker Bonus Update
Aug 30, 2022
For those of you who filed for a Paycheck Protection Program (PPP) Loan, you remember the early days of the application process were marked by conflicting information, short deadlines, potential exposure, and more.  As time went by, the regulations loosened up and...
Healthcare Worker Bonus Clarification
Aug 22, 2022
On Friday, August 19, 2022, NYS did a townhall regarding the Healthcare Worker Bonus (HWB).  A recording of the webinar can be found here and a copy of the presentation from the NYS DOH can be found here. There were several technical issues with the webinar which...
Underwater Endowments
Aug 19, 2022
If you have been following the stock market, you know that the stock market is having one of its worst years in more than 50 years. With portfolios heading down, many nonprofit organizations are seeing declines in their investments and endowments, which could open up certain concerns from both an accounting and a legal perspective.
Nonprofit Financial Analysis
Aug 19, 2022
Nonprofit organizations are misunderstood for many reasons. one of which is inherent to their predominant label: “nonprofit.” The word simply refers to an organization without profits, which is not entirely accurate. A clearer general term for a member of this sector would be “tax exempt organization,” since the organization would be exempt from paying income taxes.
Budgeting in a Down Economy
Aug 19, 2022
Budgeting for all businesses, including not-for-profits, can be a daunting task even with all economic conditions being ideal. The personnel responsible for the fiscal task of creating and monitoring an organization’s budget often spend a significant amount of time...
Q&A on Healthcare Worker Bonus Program
Aug 19, 2022
*Information as of August 17, 2022* Ken Cerini, Managing Partner and Edward McWilliams, Tax Partner of Cerini & Associates, LLP gave a background of the Healthcare Worker Bonus and answered participant questions. General Program Background:- Healthcare Worker...
IT and Cybersecurity Concerns – Cerini Short
Aug 16, 2022
IT and Cybersecurity Concerns Cerini Short In this Cerini Short, Shari Diamond, CIA, Partner explains the importance of cybersecurity and introduces our IT Guidebook.