Nonprofit Industry

Proposed OMB Circular A-133 Changes

By Theodore Pettko | April 08, 2013

The Office of Management and Budget (OMB) is proposing broad reforms to compliance audits under OMB Circular A-133, Audit of State, Local Government and

Nonprofit Industry

Unrelated Business Income - Three Important Tests for Charitable Organizations

By Maureen Thomas | March 22, 2013

As charitable organizations look to diversify their revenue streams, they need to be aware of unrelated business income tax or UBIT. Although tax-exempt

Nonprofit Industry

Not-for-Profit Advisory Council Update

By Lauren Craig | March 14, 2013

The Not-for-Profit Advisory Council (NAC), a committee of 15 members, provides input, insight and feedback to the Financial Accounting Standards Board

Nonprofit Industry

Real Estate Tax Exemption Reviews

By Debra Ries | March 11, 2013

Last week approximately 2,800 letters were mailed to owners of tax-exempt properties whose properties are exempt under the Institutions of Purely Public

Nonprofit Industry

PA Senate Bill 4 - Redefining the Institution of Purely Public Charity

By Debra Ries | February 28, 2013

On February 5, 2013, Pennsylvania State Senator Mike Brubaker, R-Lancaster, reintroduced a proposal to amend the Pennsylvania Constitution to give the

Insights