New York State Executive Order 38 (“EO38”) is a relatively-new law that many nonprofits are required to comply with. Regardless of the structure or level of services that are provided by the nonprofit, New York State-funded organizations have to be cognizant of the limits created by EO38 that apply to executive compensation and administration costs. Being aware of the rules and determining if your organization is compliant can be burdensome on your organization’s staff. Taking the next step to actual comply proves even more burdensome.
At Cerini and Associates, we can provide information and guidance to help nonprofits that are faced with having to comply with EO38. We can first determine if the law applies to your organization. If it does, we can prepare required annual filings, analyze cost reporting to test compliance, and assess the reasonableness of executive compensation. We can perform salary studies, conclude on the results of the salary studies, and provide any recommendations to ensure compliance with EO38. If a waiver is needed to be filed due to noncompliance, we can help prepare that waiver for you.
If you need help understanding or complying with EO38, turn to us at Cerini & Associates.
Tania Quigley, CPA
Tania Quigley has been a member of Cerini & Associates’ audit and consulting practice area since 2005 where she focuses on serving the firms nonprofit and employee benefit plan clientele. Tania has experience in performing financial statement audits and reviews, tax return preparation, cost report preparation and filing, retirement plan audits, and other consulting. Tania brings her expertise, diversified background, and helpful approach to all of her engagements.