Nonprofit Resources

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Nonprofit Issues Newsletter, February 2020

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Best practices for applying data, application security, employee benefit plan compliance and more.

 

Power of Real-Time Insights to Improve Donor Communications

There are numerous ways for nonprofits to share compelling information about the impact of their work — all leveraging the power of data.

The key is to follow a systematic process, as outlined in these six steps.

 

Higher Education Changes Affecting Borrower Defense Rules and Financial Responsibility Standards

Updates to the borrower defense rules will require an additional supplemental schedule in higher education institutions’ audited financial statements. They also change how financial responsibility scores are calculated.

Here’s what to know and start planning for.

 

What Plan Sponsors Need to Know About DOL Enforcement and Red Flags

Being selected for a Department of Labor (DOL) audit is not exactly a prize most plan sponsors want or intend to win. But plan sponsors are ultimately responsible for plan administration and operation.

Plan sponsors who don’t realize this can suffer devastating consequences. Take a look at some of the top investigation triggers and what plan sponsors can do to avoid issues.

 

Application Security Considerations

There are many different guidelines for minimum application standards. How far does your organization truly need to go when implementing application security? And what do you do with the differing recommendations?

Start by learning about common threats affecting organizations and their applications.

Then review these recommended application security settings and steps you can take to enhance your organization’s application security controls.

 

Nonprofits Have One More Year to Comply with New Lease Accounting Standards

Nonprofits have an extra year to implement the new lease accounting rules from the Financial Accounting Standards Board (FASB).

But even with the extension, it will take a concerted effort to become compliant in time. It’s important to start planning now.

 

Newsbits

Continually Expanding Our Nonprofit Expertise
All our firm’s managers and partners have completed or are in the process of completing the American Institute of Certified Public Accountants (AICPA) Not-for-Profit Certificate programs. Here’s why >

 

New Real-time Church Data Available
Many churches wonder how their staffing levels compare to other churches.

Now you can see our current live database average of attendees to staff on the CapinCrouse Church Financial Health IndexTM website. Learn more >

 

Sharing Our Insight
Our nonprofit industry experts are published in a range of national and industry publications. Recent articles covered three ways to defend against ransomware in the Journal of Accountancy and provided a look at top higher education trends to follow in 2020 for Christian Academia. See more  >

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