Key Takeaways from the ERM in Nonprofit Organizations Workshop
Navigating the World of Uncertainties Impacting Nonprofit Organizations On February 20, 2025, GRF and NC State University’s Enterprise Risk Management Initiative held their 6th annual ERM in Nonprofit Organizations Workshop, Navigating the World of Uncertainties Impacting Nonprofit Organizations. Nearly 100 nonprofit executives and board members attended to discuss strategies for enterprise risk management. Here are…
2024 Update on Retirement Plans: Recent Changes to Form 5500
Navigating the complexities of retirement plan reporting just got easier with the latest updates to Form 5500. These transformative changes promise to streamline processes, enhance data accuracy, and significantly reduce administrative burdens for plan administrators and sponsors. GRF hosted the 2024 Update on Retirement Plans webinar on May 16th, 2024, which delved into significant changes…
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. Save the date! GRF’s ESG Summit…
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…
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…
How to Become a Tax-Exempt Organization
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 begins with forming a nonprofit organization. A 501(c)(3) organization must apply…
ESG for Non-Profit Risk Managers
Bottom Line: Non-profit risk managers should be prepared to answer questions about how their organization is managing ESG risks. ESG Basics for Non-Profits ESG refers to environmental, social, and governance factors in an organization’s operations. There is no universal definition that quantifies every element of ESG, which gives each organization the flexibility to focus on…
Risk Management is on the Rise at Not-For-Profit Organizations
2023 State of Risk Oversight Survey Results By Amy Wares, CPA, MBA, Enterprise Risk Management Specialist Managing risk is more challenging than ever. New research reveals that not-for-profit organizations are responding by expanding their risk management practices. On July 11, 2023, the Enterprise Risk Management (ERM) Initiative at NC State University published the 14th edition…
SECURE 2.0 Act Requires 401(k) Plan Administration Changes for Employers
The 401(k) plan is the most popular employer-sponsored retirement plan in the United States. As of September 30, 2022, more than $6.3 trillion in assets were held in 401(k) accounts by more than 60 million active participants, as well as millions of former employees and retirees. So 401(k) plans are a key payroll responsibility for most businesses….
Workshop Highlights: Navigating the World of Uncertainties Impacting Non-Profit Organizations
The 4th Annual GRF /NC State ERM Workshop for Nonprofits was held on February 23 and 24, 2023. Nonprofit executives and board members from across the U.S. came together to share their experiences and discuss strategies and tactics for strengthening enterprise risk management at tax-exempt organizations. Melissa Musser, Partner and Director of GRF’s Risk Advisory…