In The News

NFP E-News Update  June 6 2013
During tough times it is even more important for organizations to safeguard assets earned and for not-for-profit boards to reevaluate their own actions with respect to internal controls. Here are four tips noted in a recent article on Guidestar.com to start the conversation. Read More

NFP E-News Update  May 30, 2013
On May 9, 2013 the U.S. Office of Management (OMB) issued a Federal Register Notice which proposed changes to the DCF and its instructions. The new form and instructions will be applicable for audit periods ending in 2013, 2014, and 2015. Read More

NFP E-News Update  May 23, 2013
The Colleges and Universities Compliance Project, begun in 2008 by the IRS, distributed 400 questionnaires to a randomly-selected sample of schools to ensure compliance with current regulations. Based on responses to the questionnaires and details of the respective Form 990s, the IRS selected 34 of these colleges and universities for further review and found that unreported unrelated business income (UBI) in higher education was found in almost every case examined by the IRS. Read More