For nonprofit organizations that receive federal funding, changes to the Uniform Guidance can have a significant impact on everything from grant administration and internal controls to subrecipient monitoring and audit preparation. The Office of Management and Budget (OMB) has proposed broad revisions to the federal financial...
For nonprofit organizations, Form 990 has long served as more than an annual tax filing. It provides regulators, donors, grantors, board members, and the public with insight into an organization’s finances, governance, programs, and operations. Now, proposed changes could make that reporting even more detailed. The U.S....
Some of the most important work in a community happens quietly. It happens when a child receives the healthy food they need for the week. When a family has a welcoming place to stay while a loved one receives medical care. When a young person is...
For many nonprofit organizations, June 30 marks more than just the end of another fiscal year. It is an opportunity to step back, evaluate operations, and consider whether your current reporting cycle continues to support your organization's mission and long-term goals. While many nonprofits naturally adopt...
Just as many nonprofits have adjusted to the 2024 Uniform Guidance updates, another wave of potential federal grant changes is already on the horizon. The U.S. Office of Management and Budget (OMB) recently proposed significant changes to the Uniform Guidance—the rules that govern how organizations manage...
For nonprofits, understanding the distinction between restricted and unrestricted funds is more than a matter of good bookkeeping—it’s essential to maintaining donor trust, ensuring compliance, and preserving your organization’s long-term mission. Misunderstanding or misreporting fund classifications can result in reputational damage, legal complications, and strained...
In today’s nonprofit landscape, organizations are increasingly exploring strategic mergers to expand reach, reduce overhead, or increase programmatic impact. Whether driven by economic pressures, mission alignment, or leadership transitions, mergers can be powerful tools—but they also come with complex financial implications. Before committing to a merger,...
The nonprofit sector stands at a pivotal moment. Increasing social needs, economic uncertainties, and evolving donor expectations are reshaping philanthropy’s landscape. In this environment, the ability of nonprofits to sustain their missions hinges not just on passion or goodwill but on sophisticated financial strategies that...
As donor expectations, grant compliance requirements, and regulatory scrutiny continue to increase, audit readiness has become a strategic priority for nonprofit organizations. For controllers, CFOs, and finance leaders, being “audit ready” extends far beyond preparing for year-end fieldwork. It requires building a sustainable framework that...
At Blackman & Sloop, our nonprofit practice is built around experienced leadership and a deep understanding of the unique challenges mission-driven organizations face. From audit and assurance to advisory and outsourced accounting, our team works alongside nonprofit leaders to provide clarity, strengthen operations, and support...
