February 2023

Uniform Guidance Compliance: Watch Out for Three Danger Zones Federal funding in response to the COVID-19 pandemic has meant that more nonprofits have found themselves subject to the Uniform Guidance for Federal Awards — the rules and requirements for obtaining federal grants. If they spent $750,000 or more in federal awards in a fiscal year, they’re also facing single audits, possibly for the first time. Even long-time recipients of federal awards can trip up when it comes to single audits. This article covers three areas nonprofits should watch closely to reduce the possibility of costly penalties and reputational harm. Read More

Give Your Organization’s Members a Reason To Renew When inflation is high, people often cut expenses by deciding not to renew memberships. For charities and associations that depend on membership fees, this trend can be distressing. But you can’t afford to ignore it. This article provides some ideas to help keep members in the fold. Read More

Putting Accountability Into Practice  Nonprofits that embrace accountability can generally expect improved collaboration and better outcomes. But how can your organization put this abstract concept into practice? In this article, we will review ways for your nonprofit to embrace this concept. Read More

How to Share Your Nonprofit’s Values and Limit Fraud Losses Does your nonprofit require staffers to read and sign a code of ethics? It should. Not only do such codes enable nonprofits to document and disseminate core values, but they’re associated with lower fraud losses, should fraud occur. This article addresses why a nonprofit should have a code of ethics and how to put these ideals into practice. Read More

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About Dannible & McKee, LLP Dannible & McKee, LLP has been providing audit, tax and strategic advisory services to clients nationwide since 1978. The hallmark of our firm is our technical expertise, depth of experience and approach to delivering quality service to our clients. Our firm helps a wide range of nonprofit organizations operate more efficiently and effectively, and we are well-versed in the unique accounting principles and board governance issues that apply to nonprofits. We also offer a full-service accounting services department that provides nonprofit organizations with services such as payroll tax reporting, bank reconciliations, general ledger maintenance and preparation of monthly, quarterly and annual financial statements.  OFFICE LOCATIONS: DM Financial Plaza, 221 South Warren Street, Syracuse, NY 13202 213 North Street #1, Auburn, NY 13021 220 Harborside Drive, Suite 201, Schenectady, NY 12305 220 Stage Road, Vestal, NY 13850 To learn more about Dannible & McKee, visit us at: www.dmcpas.com.