Nonprofit

From the Field

We asked some industry leaders, what will the sector need to do, post COVID, to remain relevant and strong going forward? I think the sector will need to evaluate their operations in terms of staffing, fundraising, communications, public relations and disaster...

Cerini Nonprofit Connection: Re-Opening and Working Remotely Strategies

Ken Cerini, CPA and guest speaker Maggie Madia of ADP discussed re-opening strategies amidst the COVID pandemic including safety risks, managing a virtual workforce, workers compensation, and more! (originally aired 8/13/20)

The Protecting Nonprofits from Catastrophic Cash Flow Strain Act signed into law

On Monday night the Protecting Nonprofits from Catastrophic Cash Flow Strain Act was signed into law. As part of the CARES Act, the Federal government had agreed to reimburse nonprofits that were self-insured for state unemployment 50% of the amount nonprofits had to pay states for those employees who were collecting unemployment against their accounts.

New Comparability Plan… Is it Right for You?

Pension plans should be an important part of every business’ benefits package. Not only do they let business owners/executives and employees to set aside funds for their retirement, but they provide the added ability for companies to assist in the process and make contributions on behalf of their staff, to help them better position themselves for retirement.

Why Testing is Important for Pensions

As auditors, we are always busy performing different types of testing, especially controls and compliance-based test work. While there is a common stigma about auditors and audits in general, and they have a “gotcha” sort of mentality, there is a tremendous benefit that a company can derive from the work they perform. The truth is, our goal is to ensure that companies and organizations are complying with rules and regulations so that they can avoid costly errors, especially when it comes to defined contribution pension plans.

Main Street Lending Launches Nonprofit Organization Loan Programs

On Friday, July 17th the Federal Reserve updated the Main Street Lending program to provide information related to nonprofit organizations ability to participate in the program as mandated by the CARES Act. The facility now includes 2 separate but similar facilities targeted at Nonprofit Organizations – the Nonprofit Organization New Loan Facility (NONLF) and the Nonprofit Organization Expanded Loan Facility (NOELF).

Cerini Nonprofit Connection: Long-Term Property Solutions Amid COVID Pandemic

Ken Cerini, CPA and guest speakers Jane Brody of Vicus Partners and Ámbar Margarida of Spacesmith discussed developing real property strategies and long-term solutions as your nonprofit emerge from the COVID pandemic.

2020 NFP Update Part 9 – Q&A Panel

2020 NFP Update Part 9 – Q&A Panel. On June 30, 2020, Cerini & Associates, LLP, a leader in providing accounting and auditing services to nonprofits, held their annual Nonprofit Update conference … virtually.

2020 NFP Update Part 8 – Nonprofit Panel

2020 NFP Update Part 8 – Nonprofit Panel. On June 30, 2020, Cerini & Associates, LLP, a leader in providing accounting and auditing services to nonprofits, held their annual Nonprofit Update conference … virtually.

2020 NFP Update Part 7 – Virtual Fundraising

2020 NFP Update Part 7 – Virtual Fundraising – Darren Port, Powered by Professionals. On June 30, 2020, Cerini & Associates, LLP, a leader in providing accounting and auditing services to nonprofits, held their annual Nonprofit Update conference … virtually.

GIFTS IN KIND – NEW RULES

GIFTS IN KIND – NEW RULES

Many nonprofit organizations rely not just on donations of cash and stock, but also on the donation of in-kind contributions. Food pantries see a large portion of their donations in the form of food, around the holidays toys and gift cards are high on the list, and...

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NY State DOL Changes Unemployment Regulations

NY State DOL Changes Unemployment Regulations

Employers received some good news on January 14, 2021, with an extra big bonus for certain nonprofit organizations that are self-insured for unemployment insurance. As part of the CARES Act, the federal government agreed to cover 50% of the unemployment responsibility...

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Nonprofit Trends 2021

Nonprofit Trends 2021

Ken Cerini, CPA, CFP, FABFA, discussed trends in the nonprofit sector in: Marketing, Fundraising, Operations, Technology, and much more!

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New CFR Claiming Manual and Software

New CFR Claiming Manual and Software

In case you didn’t hear, the new CFR claiming manual and related software have been released. This is for CFRs for the year ended June 30, 2020. The NYS-issued CFR software is available for download on the CFRS Home Page. Due to the late release of the CFR software,...

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