nonprofit
At one time, not-for-profit HR departments might have been responsible primarily for recruiting and hiring and occasionally for intervening in disciplinary or conflict resolution matters. Today, HR staffers usually also…
Read MoreIdentifying common traits of MacKenzie Scott donees MacKenzie Scott has granted more than $15 billion to almost 2,000 nonprofits since 2019. Now Harvard researchers have dug into data on the…
Read MoreMost charitable organizations generally understand that they’re barred from participating or intervening in political campaigns. Failure to follow IRS rules governing nonprofits and politics may result in an excise tax,…
Read MoreSome job candidates assume that not-for-profit organizations offer lower compensation than for-profit companies do. If your nonprofit has open positions, this can be a difficult hurdle to overcome — particularly…
Read MoreThe Office of Management and Budget (OMB) last fall released the details on what it terms a “fundamental rewrite” of the Uniform Guidance, the rules and requirements for federal awards.…
Read MoreThe U.S. Department of Labor (DOL) has, once again, updated its test for determining whether a worker is an independent contractor or an employee for purposes of the federal Fair…
Read MoreElite athletes train hard to perfect their performance in a particular discipline, but they also cross-train. For example, a sprinter might, in addition to running for hours, lift weights, swim…
Read MoreIf you’re a leader of a private foundation, you’re probably aware of the prohibition against self-dealing transactions between foundations and “disqualified persons.” But what constitutes self-dealing? And who exactly counts…
Read MoreThe deadline for most not-for-profits to file Form 990 with the IRS (May 15, 2024) has come and gone. Assuming your organization operates on a calendar-year tax basis and filed its Form 990…
Read MoreExternal audits can help assure your not-for-profit’s stakeholders that your financial statements are fairly presented according to U.S. Generally Accepted Accounting Principles. They can also help prevent occupational fraud. Often,…
Read More