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February 18, 2021 Newsletter 6 min read
Welcome to Not-for-Profit Perspectives, your hub for insights on everything from the challenges of succession planning and modernization to navigating tax reform and new reporting standards. Subscribe now.

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February 2021

December COVID-19 relief bill provides grants for shuttered venue operators
Eligible businesses and arts organizations will need to act quickly to qualify for “Save our Stages Act” relief.

OMB Releases the 2020 Compliance Supplement Addendum – What auditors and auditees need to know
The 2020 Compliance Supplement Addendum has been released. Here’s what you need to know about Provider Relief Funds and other requirements.

Centric Consulting’s Larry English on building a great remote organization
As COVID-19 abruptly moves remote work from a “model of the future” to the reality of the present, Centric Consulting president and author, Larry English, shares his secrets on surviving — and thriving — as a virtual organization.

 

November 2020

Fall Executive to Executive Series: Hear from nonprofit leaders
Join us for a complimentary webinar and hear from industry leaders on planning for the future.

Revised Uniform Guidance: Key highlights and questions to ask
The Uniform Guidance revisions have been released, and many organizations have questions. Our overview shares key highlights, questions to ask, and resources for identifying changes to the grant management process in order to comply.

Five tax-planning ideas for businesses to consider before year end
Year-end tax planning takes on greater significance in 2020 with many COVID-19-related programs and other changes that can help businesses reduce their liabilities. Here are a few ideas that could help at return time.

On-demand resources for not-for-profit leaders
Access insights on board considerations, preventing fraud, and new standards—right when you need them. Watch now.

Phishing attacks: Is your staff trained to avoid them?
As COVID-19 forces organizations to rapidly expand their online footprint, malicious cyber scammers are waiting to catch unsuspecting staff in their net. Don’t make it easy — fortify your security strategy with cybersecurity awareness training and planning. Here’s how to start.

October 2020

COVID-19 funding impact on single audits: Key questions and answers
If your organization received federal funds related to COVID-19, you might need a single audit. Our experts answer key questions about determining whether you do, completing the SEFA, internal controls, and preparing for the audit.

Paycheck Protection Program loans accounting: What are the options?
The CARES Act provides multiple accounting options for PPP loans. Your approach will depend on whether loan forgiveness is expected, the type of entity receiving the loan, and whether financial statements are filed with the SEC.

Vendor security breaches: Four steps for risk reduction
Your organization could be the Fort Knox of cybersecurity when you consider these four steps for risk reduction.

The one piece of financial advice growing families need to heed
We all want to give our children the best experiences growing up, but how does the expense fit into your wealth management strategy? Jaime Eckels discusses in Kiplinger how growing families can look past competitive pressures and forge a secure financial path.

September 2020

Nonqualified retirement plan benefits could trigger excise tax for nonprofits
The treatment of certain nonqualified retirement plan benefits under new proposed guidance from the IRS could trigger an unexpected excise tax bill for nonprofits. Here’s what executives need to know.

Provider post-payment notice of reporting requirements update
You may have received CARES Act provider relief funding without realizing it. Here’s how to find out and what to do next.

Garmin hack: Part of a growing ransomware trend
Did you hear about the Garmin cyberattack? If not, listen up: Copycat attacks are common in the cybercrime industry, and ransomware activity is growing.

Cybersecurity for nonprofits: Adapting to a new world
The digital landscape has changed radically — is your team prepared to take on new cyber threats? Join our experts for a CPE-eligible webinar describing real-life examples and how to protect yourself against them.

August 2020

On-demand resources for nonprofit leaders
Access insights on board considerations, fraud prevention, and new standards — right when you need them.

New Markets Tax Credits can fill the gap in your capital campaign caused by COVID-19
Many nonprofits are struggling to determine how to make up lost funding amid COVID-19. Consider New Markets Tax Credits. Read more to understand what the NMTC program is, if you can qualify, and how to access the funds.

Nonqualified retirement plan benefits could trigger excise tax for nonprofits
The treatment of certain nonqualified retirement plan benefits under new proposed guidance from the IRS could trigger an unexpected excise tax bill for nonprofits. Here’s what executives need to know.

Helping kids understand finances: Activities and conversations for any age
The sooner you can teach your kids about money, the better they’ll handle their finances. Here’s how to lay the foundation for a healthy relationship with money.

Not-for-profit board and leadership considerations post-COVID-19
Join our webinar as our experts provide insights on what issues and questions not-for-profit board members should be addressing during this unprecedented time.

Cybersecurity for nonprofits: Adapting to a new world
The digital landscape has changed radically — is your team prepared to take on new cyber threats? Join our experts for a CPE-eligible webinar describing real-life examples and how to protect yourself against them.

January 2020

On-demand resources for nonprofit leaders
Access insights on board considerations, fraud

October 2019

Not-for-profit contribution standard: How to prepare for implementation
Is your not-for-profit ready for the new contribution standard? Join our live, CPE-eligible webinar to prepare for implementation, including real-life examples.

Four dynamic ways to drive diversity and inclusion of your leadership
You know that diversity is good for business. But is your organization diverse? Inclusive? Are you moving the needle in the right direction? Here are a few thoughts on how to drive diversity and inclusion from a leadership perspective.

Disrupt your nonprofit: Five steps to innovation
You don’t often see “disrupt” and “nonprofit” in the same sentence, but learning how to disrupt your own organization can be the key to fulfilling your mission more effectively than ever.

How to spot a fraudster
Occupational fraud continues to cost businesses, some quite severely. In most cases, the perpetrators share several traits and behavior patterns. Be on the lookout for these red flags.

Leadership at the Detroit Lions: CFO Allison Maki on coaching with kindness
Working as CFO in an organization of high-performing people, Allison Maki has learned the power of human kindness and authenticity while leading a team "doing ordinary work at an extraordinary place" where success equals games won versus a strong income statement.

Market perspectives
Explore emerging market trends and insights from our Investment Research team. If it’s top of mind for you, it’s top of mind for us.

June 2019

Outsourcing IT services is the “new normal.” But is it for you?
Whether you need to augment staff, complete a one-off project, or farm out an entire IT function, outsourcing can be a stroke of genius or a huge mistake. Is strategic outsourcing right for you, and how do you leverage it?

Data protection 101: Why you need security awareness training
Your organization has anti-virus software, firewalls, and intrusion detection systems. Isn’t this enough to protect your vital information? The simple answer is no.

IRS offers limited relief from the once-in-always-in condition for 403(b) plans
Under IRS Notice 2018-95, the IRS is granting limited relief from the once-in-always-in (OIAI) condition for 403(b) plans. Find out what this relief includes and what plan sponsors should do now to comply with the OIAI condition.

How will Sec. 4960 excise tax impact your tax-exempt organization?
The Tax Cuts and Jobs Act of 2017 imposed an excise tax on tax exempt organizations. In this on-demand webinar, we discuss newly released guidelines, and if necessary, how to apply the rules.

Mitigating your excise tax liability risk: Excessive executive compensation for non-profit organizations
Section 4960 imposes a 21 percent excise tax on the compensation of certain highly compensated employees of tax-exempt organizations. Find out if, and how, this impacts your organization and what you can do to mitigate your risk.

SEKO Logistics’ James Gagne: Dream big, have fun, get stuff done
For James Gagne, a culture of dreaming big, "getting stuff done" and scaling the business while staying "small enough to care" has enabled SEKO to not only survive but thrive as it reinvents itself over time.