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What ERM Requirements for Federal Agencies Could Mean for Not-For-Profits
Posted by Brian Antonius on Tue, Dec 20, 2016 @ 11:20 AM

In July 2016, the Office of Management and Budget (OMB) issued a policy change that would require all federal agencies to implement an Enterprise Risk Management (ERM) program. Integrated governance structures have the potential to improve agencies’ ability to deliver on their mission, reduce costs and focus corrective actions towards key risks. They may also help improve accountability and effectiveness of federal programs.

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Topics: enterprise risk management, not-for-profit, NFP, nonprofit, Brian Antonius, ERM

Managing Your Public Facing Data
Posted by Joe Giso on Tue, Dec 20, 2016 @ 10:45 AM

We live in the information age, and for not-for-profit organizations, that can mean broader exposure for your mission, activities and your ultimate asset—goodwill.

Considerable information about not-for-profit organizations is available online, from digitized IRS Form 990 information to mission statements. Exposure to a broader audience comes with its upsides, but it also means that not-for-profit organizations have more information to manage than in years past. Reviewing the types of information available helps ensure what the public can see online reflects your organization’s objectives.

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Topics: goodwill, not-for-profit, Form 990, Joe Giso, NFP, nonprofit, copyright, trademarks, Charity Navigator, information age, public facing data, GuideStar

Presenting the New Not-For-Profit Financial Statement: Liquidity
Posted by Michelle Spriggs on Tue, Dec 20, 2016 @ 10:20 AM

Liquidity reporting numbered among the key reasons the Financial Accounting Standard Board (FASB) amended financial statement reporting for not-for-profit organizations in August 2016. The FASB designed Accounting Standards Update (ASU) 2016-14, Not-for-Profit Entities (Topic 958), Presentation of Financial Statements of Not-for-Profit Entities to enhance transparency in the reporting of assets not-for-profit organizations can use to cover short-term needs. The changes made will affect reporting on liquidity and could have ramifications on not-for-profit organizations and the users of their financial statements.

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Topics: not-for-profit, FASB, Michelle Spriggs, NFP, liquidity, Not-for-profit financial statement

Proposed Technical Correction Made to Not-For-Profit Endowment Reporting
Posted by Michelle Spriggs on Fri, Dec 2, 2016 @ 11:56 AM

Endowment reporting under the new not-for-profit financial statement reporting requirements could be changing again.

On October 27, 2016, the Financial Accounting Standards Board (FASB) issued an exposure draft of a technical correction to clarify the reconciliation disclosure not-for-profit organizations will have to make for their endowment funds.

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Topics: not-for-profit, FASB, Michelle Spriggs, NFP, endowment funds, Underwater Endowments

Appealing to Student Loan Forgiveness Could Boost Not-For-Profit Hiring Prospects
Posted by Joe Giso on Fri, Dec 2, 2016 @ 10:57 AM

Student loans are a $1.3 trillion reality for the United States, making them the second largest source of debt behind home mortgages. Nearly 40 million Americans are paying back student loans, and with the rising cost of higher education, the end of the student loan issue is nowhere in sight.

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Topics: not-for-profit, Joe Giso, NFP, nonprofit, student loans, student loan forgiveness

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