Financial Management

Global Study Finds Fraud Impacts Nonprofits - What Can Your Organization Do?

By Rob Zuengler and Jenny Dominguez, CliftonLarsonAllen
Reprinted with permission from CliftonLarsonAllen

Could your nonprofit afford to lose $639,000? According to a recent study, that amount of loss due to fraud is not out of the question. Occupational fraud is a real threat to nonprofits and it could be committed by anyone from an employee to an executive.

Employee Retention Credits

The recent passage of the American Rescue Plan Act includes updates and changes to the Employee Retention Tax Credit (ERTC). Join presenter Jennifer Rohen with CLA to explore what the employee retention credits are, eligibility criteria and amounts for 2020 and 2021, and what it means for your nonprofit. We'll also discuss the changes that continue the credits through the end of 2021.

 

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Nonprofit Policy Briefing

Get an overview of the latest federal COVID-19 relief plans – including the American Rescue Plan Act – the state budget and major legislation affecting nonprofits, and potential policy solutions that could help nonprofits during the 2021 NC legislative session.

 

Presenter: David Heinen, Vice President for Public Policy and Advocacy, North Carolina Center for Nonprofits

Recording length: 1 hour, 2 minutes

 

PPP Forgiveness: Nuts & Bolts

Presenters Michele Pratt and Christine Hall from CLA to share updates on Paycheck Protection Program (PPP) loan forgiveness, including discussing the application, reviewing the information required to accompany the application, and how the amount is calculated. Time is planned for Q&A.

Recording length: 1 hour, 6 minutes

Speakers: Michele Pratt, Partner, CLA, and Christine Hall, BizOps, CLA

Key Topics: PPP loans, loan forgiveness, PPP application, paycheck protection

Pandemic Recovery and Public-Private Partnerships

With program demands and financial stresses on nonprofits likely to increase in 2021, how can public and private partnerships work better together to support fragile nonprofit operations and disrupted service delivery systems caused by COVID-19?  How can they complement and leverage each other’s resources to strengthen nonprofits’ capacity to continue to deliver vital services? This workshop will explore the opportunities and challenges of these partnerships to support the nonprofit sector in the new world order.

Recording length: 1 hour, 13 minutes

Nonprofit Financial Resilience: Understanding “Full Costs” and Dialogue on Post-COVID Recovery

This program is designed to strengthen the financial resilience of nonprofit organizations in North Carolina. Intended for both funders and nonprofit leaders, the program will begin with an introduction to the concept of “full cost” funding and budgeting as strategies to support nonprofit financial health. Full cost goes beyond programmatic budgeting to include things like having working capital to pay bills on time and having reserves to manage risks or opportunities.

How to Prepare for a Virtual Audit

Last updated 9/17/2020

Jaime Campbell, CPA, Tier One Services, LLC

Auditing is an information service. As such, many forward-thinking auditors have already been working virtually for years, as evidenced by their vacation photos posted on Facebook while they were conducting “analytical procedures” from their laptops, which they bring with them everywhere, including the bathroom.

How Your Nonprofit's Accounting Operations Can Weather the Storm

Jaime Campbell, Tier One Services, LLC and Mig Murphy Sistrom, Mig Murphy Sistrom, CPA, PC

We are both CPAs and accounting firm owners, committed to serving the nonprofit sector. We welcome this opportunity to share our observations and advice on how the pandemic has affected the accounting work of nonprofits. Since we are both committed to centering racial equity in our work, we have applied an equity lens to these topics.