We provide considerable information on how to raise money, develop fee for service projects, and partner with funders for other than Independent Living funds. The struggle is getting it done. Everyone is already busy. Who has time to plan and
What does your IRS 990 say about you?
February 19, 2017 the Denver Post, reminded Rocky Mountain readers that “Every year, nonprofit organizations must submit their informational returns to the IRS in the form of a 990 or 990-EZ. Although these forms are sent to the IRS, they
Seven Red Flags on IRS Form 990
IRS Form 990 is a tax return for organizations that are exempt from Income Tax. Tax-exempt organizations, nonexempt charitable trusts, and section 527 political organizations file this form to provide the IRS with the information required by section 6033. The
Applying that new Indirect Cost Rate
Question: I am the fiscal person for a center. I participated in one of your webinars last year concerning indirect cost rates. Since we have previously used a Cost Allocation Plan, I just want to be sure that I am
For your DSE — how they can make more timely payments to your SILC
Recommendations for Designated State Entities for Timely Payment of Part B and other Funds to the SILC Under HHS’s Uniform Administrative Requirements 45 CFR 75 October 2016 John F Heveron Jr., CPA Heveron and Company CPAs The information below is
Nine ideas for managing cash flow if the DSE’s payments are delayed
John F Heveron Jr., CPA Heveron and Company CPAs, provided this excellent resource: Recommendations for State Independent Living Councils to Deal with Cash Flow Challenges Resulting from Delayed Payments from the DSE October 2016 For some SILCs, restrictions in advances
Still waiting to hear about your Indirect Cost Rate Proposal?
If you have submitted your Indirect Cost Rate Proposal (IRC) to the Administration for Community Living (ACL) and have not yet heard back, we have good news. Many of us were nervous because we haven’t received word on whether our
Do the new laws around overtime exceptions apply to my CIL?
Question: I am concerned about the new labor/salary regs. Do they apply to CILs? Answer: As far as the overtime regs are concerned, here is a summary: Key Provisions of the Final Rule The Final Rule focuses primarily on updating
How can I spend Program Income?
Question: At the financial management workshop you mentioned that the income generated by our programs had to be used within the time frame as the grant used to derive the income. Can you point me in the direction of the
Do the new overtime rules apply to CILs?
Many Executive Directors, and sometimes other staff in management positions, have been considered by their CIL to be exempt staff, meaning that they are not paid for overtime worked, but are paid the same salary regardless of the time they