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Nonprofit Organizations Articles

 

The Impact of COVID-19 on Patient Care in the United States

The Impact of COVID-19 on Patient Care in the United States

Posted by Jill Johnson on July 31, 2020

Though stay-at-home orders are lifting in certain areas of the United States, the COVID-19 pandemic is still greatly impacting healthcare providers and patients.

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Employers - Prepare to Comply with Year End Reporting of Qualified Sick and Family Leave Wages Paid

Employers - Prepare to Comply with Year End Reporting of Qualified Sick and Family Leave Wages Paid

Posted by Mark Stack on July 29, 2020

The IRS recently issued Notice 2020-54 regarding employers’ requirement to report the amount of qualified sick leave wages and qualified family leave wages paid to employees under the Families First Coronavirus Response Act (FFCRA), (P. L. No. 116-127).

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 Federal Reserve Proposes Expanding Main Street Lending Program to Nonprofit Organizations

Federal Reserve Proposes Expanding Main Street Lending Program to Nonprofit Organizations

Posted by Cory Van Deusen V on July 20, 2020

Previously, nonprofit organizations were not eligible to participate in the program given their absence of EBITDA, a key underwriting metric required for the three existing MSLP facilities.  However, the Federal Reserve then evaluated the feasibility of adjusting the borrower eligibility criteria and loan eligibility metrics of the program for nonprofit organizations.

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CARES Act Funds for Governments

CARES Act Funds for Governments

Posted by Sara Dayton on July 17, 2020

The CARES Act enacted by Congress on March 27, established the Coronavirus Relief Fund and appropriated $150 billion to the fund for COVID-19 related expenses for states, the District of Columbia, U.S. territories, tribal governments, and local governments with populations over 500,000.

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BDO Nonprofit Standard | Summer 2020

BDO Nonprofit Standard | Summer 2020

Posted by Donna Gonser on July 17, 2020

Take a look at the summer 2020 edition of BDO's Nonprofit Standard.

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Strengthening Internal Control in the COVID-19 Environment

Strengthening Internal Control in the COVID-19 Environment

Posted by Sara Dayton on July 17, 2020

This article provides five tips that nonprofit organization management should consider to strengthen their internal control environment in response to a remote environment.

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Looking Ahead – an Assessment of the Future of Higher Education Amidst the Impacts of COVID-19

Looking Ahead – an Assessment of the Future of Higher Education Amidst the Impacts of COVID-19

Posted by Sarah Hopkins on July 17, 2020

As the initial surge in activity associated with campus closures has ended, we’re now left to evaluate the impact and review lessons learned from the transition. 

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2020 BDO Nonprofit Standards Benchmarking Survey

2020 BDO Nonprofit Standards Benchmarking Survey

Posted by Donna Gonser on July 17, 2020

Get a sense of what not-for-profit groups are thinking about, the key issues and industry trends from modes of operations to technology, and gear up to make your greatest impact this year!

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Why Maintaining Payroll Records Remains an Absolute Must

Why Maintaining Payroll Records Remains an Absolute Must

Posted by Kathleen Strobele on July 16, 2020

As disruptive as it has been, the COVID-19 pandemic doesn't excuse employers from maintaining comprehensive payroll records. If a complaint triggers an EEOC or DOL investigation, you'll want to be ready with an employee file that can support your position.

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Watch for UBIT When Your Nonprofit Pursues New Activities

Watch for UBIT When Your Nonprofit Pursues New Activities

Posted by Cathleen Karpik on July 15, 2020

During these financially challenging times, many not-for-profits have had to get creative to raise adequate revenue to sustain operations. But new activities can lead to unrelated business income tax (UBIT) exposure.

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