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Overview of Charity Navigator’s Encompass Rating System

…and governance, percentage spent on programs expenses to total expenses, and whether the organization has an independent audit, review or compilation performed annually. Impact and Results covers cost effectiveness of…

FASB Example of a Not-for-Profit Organization’s Disclosure Under the New ASU

…to sell all contributed vehicles immediately upon receipt at auction or for salvage unless the vehicle is restricted for use in a specific program by the donor. No vehicles received…

Five Reasons Why Your IT Outsourcer Isn’t Keeping You Cyber Secure (and neither is your internal IT team)

…conference room projector simply are not thinking about implementing comprehensive and continuous security awareness training program. Organizational leaders need to put on their risk management hats from time to time…

DoD Contractor Considerations for CMMC Practice Guide AC.L1-3.1.2

Note: Important Change as of November 2021 The Department of Defense announced a major overhaul to the Cybersecurity Maturity Model Certification (CMMC) program. No new contracts will feature CMMC compliance…

Inflation Reduction Act Expands Energy Tax Incentives

…home program of the Department of Energy as in effect on January 1, 2023, and it satisfies the Energy Star requirements in place based up the type of home (single…

Clarifying Misperceptions About Opportunity Zone Investments

…The proposed regulations have provided clarity on many critical aspects of the program, but there are still questions that need to be addressed by the final regulations. Should you need…

The Hamilton Brothers: No age limit on giving back to the RVA community

…Meals on Wheels program through FeedMore. Buddy and Dickie talk about their community involvement in the Richmond Times-Dispatch article, “Elderly brothers serve Richmond through Meals on Wheels”. We are pleased…

The SEC Custody Rule

…accountant must be registered with the Public Company Accounting Oversight Board (“PCAOB”) and subject to their regular inspection program. The adviser must sign a letter representing that the adviser is…

Macy Irvin’s Sabbatical to South Korea Experience

…program helped her reset and come back excited and eager to work. She is looking forward to her next sabbatical, where she is planning another destination in Asia or New…

Central Virginia COVID-19 Response Fund for Local Nonprofits

…Grant Application Process The grant program is available to nonprofits that operate in central Virginia with priorities set around essential services needed at this time, such as child and senior…

College Students

Not-for-Profit Financial Statements: Change is Here

…operating expenses by both function (i.e. program services and support services) and nature (i.e. salaries, utilities, depreciation, etc.) in one location. This information can be on the face of the…

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