Not-for-Profit Seminar (Rescheduled from May 14)

Posted · Add Comment

Topic TBD Presenters will speak on issues relevant to not-for-profit organizations and discuss practical suggestions and considerations. Attendees will receive two hours of CPE credit. No cost to attend. Registration/networking begins at 8:00 a.m. Continental breakfast provided.    

Good News for NFPs about PPP Loans and Single Audit Requirements

Posted · Add Comment

The CARES Act created the Paycheck Protection Program (PPP) to provide loans to assist businesses and not-for-profit (NFP) organizations through the current crisis. However, many NFPs were concerned that if they received a loan and it was forgiven, the funds would be considered a government grant and would cause them to cross the Single Audit […]

Tax Deadline Extension Now Includes Exempt Organizations

Posted · Add Comment

In deference to fairness, on April 9, 2020, the Internal Revenue Service issued Notice 2020-23, which extended the tax filing and payment deadline to now apply to all taxpayers that have a filing or payment deadline falling on or after April 1, 2020, and before July 15, 2020. In addition to tax-exempt organizations, individuals, trusts, […]

Impact of New Tax Law on NFPs

Posted · Add Comment

The IRS released IR-2020-23, which provides an outline of the effects of a new tax law passed in December 2019. The Taxpayer Certainty and Disaster Tax Relief Act includes several provisions that may apply to tax-exempt organizations’ current and previous tax years. The changes summarized below are excerpted from the IRS release. Repeal of “parking […]

Applying For-Profit Accounting Principles at Non-Profit Organizations

Posted · Add Comment

At the SuiteWorld19 conference, Chris Whitfield, CFO of MANA Nutrition, talked about how he uses his background in for-profit companies at his newest position in the not-for-profit industry. He stressed that the organizations have more in common than one might assume, and those similarities offer finance professionals in nonprofits an opportunity to apply more for-profit […]

1-10-19 Not-for-Profit Seminar

Posted · Add Comment

New Year’s Resolution: Instead of Changing Something, Learn Something! This seminar will help you identify which of your nonprofit’s activities may be subject to the Unrelated Business Income Tax (UBIT). We will also discuss how your organization can evaluate your internal control processes to recognize risk areas and monitor compliance to better prevent fraud. Two […]

9-11-18 Not-for-Profit Seminar

Posted · Add Comment

Is Your Organization Ready for the New Nonprofit Reporting Requirements?  How will you report your net asset balances and activity based upon the new classification classes?  Are you prepared to present a statement of functional expenses and the methods of allocation and classification?  Have you considered the new required financial statement disclosures regarding liquidity? GYF […]

NetSuite Named Leader in Nonprofit Accounting Software

Posted · Add Comment

NetSuite has been recognized as a leader in Nonprofit Accounting by G2 Crowd, a leading peer-to-peer review platform for business software. Their research reports and vendor comparisons are based on user ratings and social data. This accolade, driven by actual users providing reviews about the products they use to run their organizations, solidifies NetSuite’s position […]

Eliminating the Pain and Cost of Grant Accounting

Posted · Add Comment

NetSuite’s SuiteSuccess for nonprofits product offers powerful new capabilities that transform how nonprofits handle grant accounting. Simply put, NetSuite is making it dramatically easier for nonprofits to track how, when and where a grant is spent on any given project, down to the line-item transactional level. This helps nonprofits better manage complex revenue streams from multiple sources, […]

Honoring Individuals Making Pittsburgh a Better Place

Posted · Add Comment

We are pleased to sponsor Three Rivers Champions, a new online recognition program from Pittsburgh Magazine, designed to honor local individuals who make Pittsburgh a better place by serving our community through volunteerism and charitable deeds. Do you know someone who deserves to be names as a Three Rivers Champion? If so, nominate him or her […]