CPAs and Advisors with a Growth Agenda

Federal Single Audit

Nonprofits Count! Campaign Stresses Importance of Upcoming Census

—- Alabama Alaska Arizona Arkansas California Colorado Connecticut Delaware District Of Columbia Florida Georgia Hawaii Idaho Illinois Indiana Iowa Kansas Kentucky Louisiana Maine Maryland Massachusetts Michigan Minnesota Mississippi Missouri Montana Nebraska Nevada New Hampshire New Jersey New Mexico New York North Carolina North Dakota Ohio Oklahoma Oregon Pennsylvania Rhode Island South Carolina South Dakota Tennessee Texas Utah Vermont Virginia Washington West Virginia Wisconsin Wyoming With the U.S. Census less than two months away, the Nonprofit Voter Engagement Network has created the Nonprofits Count! campaign to help not-for-profit organizations ensure an accurate count of the nation’s 300 million residents. According to Nonprofits Count!: Lower income and more. Read More.

Back to the Basics – The Federal Single Audit and the American Recovery and Reinvestment Act

A federal single audit is required if a not-for-profit organization expends $500,000 or more in a year in federal awards. In the past, certain not-for-profits did not expend enough federal awards to “trigger” a federal single audit. However, with the availability of federal funding under the American Recovery and Reinvestment Act (ARRA) , many not-for-profits have applied for and have been awarded ARRA funding. As a result, some nonprofit organizations are expending $500,000 or more in federal awards for the first time, which requires a federal single audit. If your organization is in this situation, it is important to understand the basic requirements of a federal. Read More.