GRF Financial Foresight

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Accounting Technology | Nonprofits and Associations

Illustrating Your Nonprofit’s Story with Dynamic Dashboards

Dynamic dashboards are essential for nonprofits, turning complex data into compelling visual narratives. They simplify the presentation of financial and operational metrics, aiding in decision-making and enhancing communication with stakeholders. On Wednesday, April 4, 2024, GRF hosted an informative webinar, “Illustrating Your Nonprofit Story with Dynamic Dashboards,” featuring Ahkeeia Ward, CPA & EA, and Elinor…

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Tax Planning and Preparation | General Business

Brush Up on Campaign Contributions Rules

With campaign season gearing up, many individuals and businesses will be reaching into their wallets or otherwise making campaign contributions to candidates, political committees and parties. Before doing so, it’s critical to understand the rules for making contributions for federal and state elections. Violations could lead to steep financial penalties, as well as reputational damage….

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Compliance, Cybersecurity | Government Contractors, International NGOs, Nonprofit, Nonprofits and Associations

Understanding Reasonable Cybersecurity Measures under New Federal Guidelines for Uniform Guidance

Cybersecurity has skyrocketed to the number one slot on many surveys and experts’ risk rankings as noted in GRF’s Top Risk for Nonprofits and Associations report. In response to the evolving landscape of cybersecurity threats, the Office of Management and Budget (OMB) has introduced language in the recently updated Guidance for Federal Financial Assistance aimed…

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Enterprise Risk Management, ESG | Diversity, General Business, Government Contractors, International NGOs, Nonprofits and Associations, Professional Services

Key takeaways from GRF’s 2024 ESG Summit

On Wednesday, April 24, 2024, GRF brought together a panel of leading industry experts to provide a comprehensive overview of ESG, including current trends and regulations for measuring, monitoring, and reporting on Environmental, Social and Governance (ESG) initiatives. The half-day summit was jam packed with actionable information and advice. Bookmark this page! In upcoming posts,…

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Enterprise Risk Management | International NGOs, Nonprofits and Associations

Enterprise Risk Management in Nonprofit Organizations – 2024 Workshop Takeaways

On February 22-23, 2024, GRF and NC State University’s Enterprise Risk Management Initiative convened over 100 nonprofit executives and board members to discuss enterprise risk management strategies and tactics. This 5th annual workshop, “Navigating the World of Uncertainties Impacting Nonprofit Organizations,” aims to fill a gap in the resources available to tax-exempt organizations seeking to…

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Environmental, ESG

Greenhouse Gas Emissions: Defining Scopes 1, 2, and 3

Many organizations are actively working to diminish their greenhouse gas emissions. When tracking and reporting progress, the terms ‘Scopes 1, 2, and 3 emissions’ are frequently used. But what do these designations truly signify? On the journey to achieving net zero emissions, organizations measure and assess their greenhouse gas emissions through three distinct ‘scopes.’ The…

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Key Takeaways from GRF’s Cyber Symposium for Nonprofits & Associations

GRF’s first annual Virtual Cyber Symposium for Nonprofits & Associations brought together experts in cybersecurity, privacy, and insurance to share the strategies tax-exempt organizations can implement to identify risks and reduce their exposure. The event was held on December 3, 2023. Join us for this year’s event on December 10 from 12noon – 3pm! Topics…

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Cybersecurity | Businesses and Individuals, Government Contractors, Nonprofits and Associations, Professional Services

Cybersecurity Checklist: Is your organization secure?

Cybersecurity threats are always changing and hackers are busy finding ways to exploit your assets. Download a PDF copy of our checklist to share with your colleagues, or, take our interactive quiz below to help identify areas where you might be vulnerable. GRF Can Help Effective cybersecurity is a journey, and whether you have a…

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Cybersecurity, Enterprise Risk Management, Internal Audit | International NGOs, Nonprofits and Associations

Fraud Awareness Tips and Resources

International Fraud Awareness Week takes place November 12 – 18, 2023 Fraud Awareness Week highlights how crucial it is for organizations to pause and reflect on the evolving landscape of fraud risks. In an era where the convergence of technology and human ingenuity continues to shape our world, the need for proactive risk management is…

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Nonprofit Tax | Nonprofit

How to Become a Tax-Exempt Organization

By Richard J. Locastro, CPA, JD and Katelyn Miller, CPA, MST The terms “nonprofit” and “tax-exempt organization” are often used interchangeably. And while there may be considerable overlap in their definitions, there is a distinction, especially for a 501(c)(3) public charity or private foundation. As explained further below, the process to become a tax-exempt organization…

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