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OMB Proposes Significant Revisions to the Uniform Guidance: What Federal Funding Recipients Need to Know

OMB Proposes Significant Revisions to the Uniform Guidance: What Federal Funding Recipients Need to Know

by Lee Klumpp | Jun 18, 2026 | Nonprofit

The federal grants landscape may be entering another period of significant change. On May 29, 2026, the U.S. Office of Management and Budget (OMB) published a proposed rule in the Federal Register that would substantially revise the government-wide regulations...
Net Operating Reserves: A Strategic Imperative for Nonprofit Resilience in Uncertain Times

Net Operating Reserves: A Strategic Imperative for Nonprofit Resilience in Uncertain Times

by Lee Klumpp | Dec 9, 2025 | Accounting, Advisory, Assurance, Nonprofit

As nonprofits navigate a complex landscape shaped by economic volatility, delayed government reimbursements, philanthropic shifts, and increasing service demands, maintaining operational continuity requires more than reactive budgeting. It requires a forward-looking...
Audit Readiness for Nonprofits: Best Practices for Controllers and CFOs

Audit Readiness for Nonprofits: Best Practices for Controllers and CFOs

by Lee Klumpp | Oct 10, 2025 | Assurance, Nonprofit

As donor expectations, grant compliance requirements, and regulatory scrutiny continue to rise, audit readiness has become a strategic imperative for nonprofit organizations. For controllers, CFOs, and finance directors, being “audit ready” is not just about preparing...
Why Nonprofits Need to Be Aware of New Crypto Accounting Standards

Why Nonprofits Need to Be Aware of New Crypto Accounting Standards

by Lee Klumpp | Jan 9, 2025 | Accounting, Nonprofit, Tax

Crypto donations to nonprofit organizations exceeded $2 billion between 2018 and the start of 2024. By accepting crypto donations, nonprofit leaders can tap into a new revenue stream and expand their donor base, but they need to be aware of how their organization is...

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