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Main Street Index: Not-For-Profit Industry Report
Posted by Mike Burns on Thu, Aug 26, 2021 @ 11:30 AM

The CBIZ Main Street Index report takes the pulse of organizations like yours and provides useful data and insights for your organization to leverage. The information below highlights the data from Main Street Index for the Not-For-Profit Industry. See how your organization compares to other not-for-profits in the areas of revenue, growth areas, and workforce arrangements. 

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Topics: NFP, nonprofit, Nonprofit Board, COVID-19, Paycheck Protection Program, PPP, higher education, ERTC, health and human services, revenue, emergency disaster loans, post-pandemic, hybrid, main street index results

The Higher Education Sector Is in the Crosshairs of Cyber Criminals
Posted by Ray Gandy on Thu, Jul 29, 2021 @ 12:00 PM

Higher Education continues to be an attractive target for cyber criminals. In July 2020, Comparitech reported that 1,327 data breaches in the education sector had resulted in the exposure of 24.5 million records since 2005. Higher education accounted for three-quarters of those breaches. Why not, with the gold mine of data that pays the bills for cybercrime, including students, families, employees, faculty, partners and donors’ information?

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Topics: enterprise risk management, Chief Financial Officers, CFO, NFP, board members, cybersecurity, cyber risk assessment, nonprofit, Nonprofit Board, cyber attacks, Ray Gandy, risk assessment, higher education, NIST

New Compliance Supplement Key Takeaways
Posted by Michelle Sylvia Spriggs on Tue, Jul 27, 2021 @ 11:46 AM

On July 27, 2021, the Government Audit Quality Center of the AICPA announced that the initial 2021 compliance supplement relative to federal awards is expected to be released in August 2021. This should resolve much of the ambiguity around major program determination and testing requirements for this year. The key take-away points are as follows:

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Topics: AICPA, NFP, nonprofit, Nonprofit Board, COVID19, higher education, SEFA, health and human services, HEERF, Provider Relief Funds, compliance supplement

6 Signs of an Effective Board
Posted by David Brown on Thu, Aug 3, 2017 @ 02:56 PM

Whether your organization has an effective board can have a major impact on the fortunes of your not-for-profit. A good board with a wide variety of skills may lead your not-for-profit to new heights.

Although responsibilities of the board may vary among not-for-profits, a board is generally entrusted with determining and fulfilling its mission and complying with laws and regulations while mitigating potential risks. Board roles include securing, supporting and evaluating the executive directive and monitoring the organization’s financial performance. Given the responsibility, your board should be evaluating itself from time-to-time to see if improvements could be made.  Ask yourself the below questions to see how your board rates.

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Topics: David Brown, not-for-profit, board members, nonprofit, Nonprofit Board, board of directors

3 Ways Not-For-Profit Board Members Can Act as Fiduciaries
Posted by Dyan Reinhold on Mon, Jun 27, 2016 @ 10:43 AM

The concept of a fiduciary often arises in discussions about financial advisors, attorneys, estate executors and scenarios that involve professionals handling financial assets or affairs on behalf of an individual or organization. These professionals are trusted to act in the best interest of the individual or organization. In many situations, such as with fiduciaries of retirement plans, this also means that professional should be taking steps to ensure that applicable regulations are being followed or the fiduciary could be held liable for compliance issues.

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Topics: Dyan Reinhold, non-for-profit, Non-profits, Nonprofit Board, fiduciaries

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