Nonprofit
AI Chatbots and Deepfake Awareness: Navigating Risks and Training Your Team
During AAFCPAs’ recent Nonprofit Seminar (April 2025), Ryan K. Wolff, MBA and Vassilis Kontoglis presented practical guidance to more than 550 attendees on the responsible use of AI tools in the workplace including risk mitigation strategies, security policy considerations, and how to recognize and respond to deepfake threats. This article offers select takeaways for nonprofit […]
Accounting Standards Update 2025
During AAFCPAs’ recent Nonprofit Seminar (April 2025), Matthew Hutt, CPA, CGMA, Partner, and Jennifer A. L’Heureux, CPA, Manager, shared insights with more than 550 attendees on recent developments in accounting standards affecting nonprofit organizations. Nonprofits must stay ahead of evolving accounting rules to keep their funding secure and their reporting accurate. While 2025 brings fewer […]
Seminar Recap: Navigating EOs: What Nonprofits Need to Know
Navigating Executive Orders: What Nonprofits Need to Know | Webinar On-Demand During AAFCPAs’ recent Nonprofit Seminar (April 2025), AAFCPAs’ consulting attorneys Joshua England and Chris Consoletti presented practical guidance on how executive orders may affect nonprofit operations to more than 550 attendees. A reality for many nonprofits is that they are already attempting to navigate […]
Avoiding Costly Mistakes in Software Implementation
The Key to Successful Software Implementation is Careful Planning Implementing new software offers more than just a chance to update systems; it’s an opportunity to refine how your organization operates. While the drive to launch quickly may seem appealing, rushing the process can lead to missed opportunities, inefficiencies, and even long-term complications. A deliberate and […]
Navigating Economic Uncertainty: Strategies for Nonprofit Resilience
In this article: Economic volatility threatens not only nonprofit organizations but also the communities they serve. Funding uncertainty may disrupt essential services, particularly for vulnerable populations who rely on healthcare, housing, and social support programs. As costs rise and providers consolidate, access to care may become more limited, leaving individuals and families with fewer options […]
Navigating Federal Funding Uncertainty: Financial Strategies for Nonprofits
Nonprofits across the country are facing an uncertain financial future as the federal funding freeze and shifting policies disrupt their budgets. Organizations that have long relied on stable government grants are now being forced to reassess their financial strategies, manage liquidity more carefully, and rethink how they maintain reserve funds. Evaluating Financial Reserves and Liquidity […]
Upcoming Increase in Single Audit or Program-Specific Audit Thresholds
For audits of fiscal years beginning on or after October 1, 2024, the Office of Management and Budget (OMB) will raise the threshold for requiring a single audit or program-specific audit from $750,000 to $1,000,000. Non-Federal entities receiving less than $1,000,000 in federal funds annually will no longer be required to undergo a single audit, […]
The Current Federal Funding Landscape: What Nonprofits Need to Know
Nonprofits nationwide that receive government funding are facing uncertainty as a federal funding freeze disrupts critical financial support. At the same time, nonprofit leaders nationwide are voicing concerns and seeking clarity on how this freeze may affect their organizations. Federal Funding at Risk The funding freeze initiated under the Trump administration has raised alarms among […]
AAFCPAs Launches Nonprofit Consulting Suite to Streamline Support
Boston, MA (February 12, 2025)—AAFCPAs, a preeminent 350+ employee CPA and consulting firm specializing in tax, assurance, accounting, wealth management, and business process and IT advisory solutions, today announced the launch of its Nonprofit Consulting Suite, a dynamic resource designed to meet the complex demands of mission-driven organizations. Accessible now at aafcpa.com/nonprofit-consulting-suite, this web-based platform […]