NPO 3

How the Employee Retention Credit Can Benefit Nonprofit Organizations

Retrieved on: 
Thursday, June 15, 2023

However, as a result of this record-giving year, many nonprofit organizations ("NPOs") had no revenue decline during 2020 and/or 2021.

Key Points: 
  • However, as a result of this record-giving year, many nonprofit organizations ("NPOs") had no revenue decline during 2020 and/or 2021.
  • We find all too often that because of this fact, many NPOs may still be under the incorrect assumption that they do not qualify for the Employee Retention Credit (ERC).
  • The ERC was designed to encourage the retention of employees in both profitable and non-profitable businesses.
  • Employee Retention Credit is unrestricted and can be used to bolster any programs or objectives within your organization.

THE RONA FOUNDATION CELEBRATES ITS 25TH ANNIVERSARY BY REDEFINING ITS MISSION AND LAUNCHING A NEW COMMUNITY INITIATIVE

Retrieved on: 
Thursday, May 11, 2023

BOUCHERVILLE, QC, May 11, 2023 /CNW/ - On May 12, the RONA Foundation will celebrate its 25th anniversary.

Key Points: 
  • BOUCHERVILLE, QC, May 11, 2023 /CNW/ - On May 12, the RONA Foundation will celebrate its 25th anniversary.
  • The organization oversees all the philanthropic activities of RONA inc., one of Canada's leading home improvement retailers which operates the Lowe's, RONA, and Réno-Dépôt banners.
  • To mark the occasion, the foundation has chosen to redefine its mission, giving a whole new meaning to its activities.
  • The RONA Foundation's new mission is to improve the quality of life of Canadians in need by revitalizing their living environments or making it easier to access housing.

Bright Data 2023 Impact Report Highlights the Use of Public Web Data for Public Good

Retrieved on: 
Thursday, May 11, 2023

Bright Data , the industry-leading web data platform, today released its latest impact report in which it highlights the critical use of public information for public good.

Key Points: 
  • Bright Data , the industry-leading web data platform, today released its latest impact report in which it highlights the critical use of public information for public good.
  • The Bright Initiative by Bright Data, a pro bono program focused on using public web data to drive global change, expanded in 2023 and includes partnerships with over 700 organizations around the world.
  • NCRI uses The Bright Initiative by Bright Data’s tools to monitor publicly available web content across social media platforms.
  • To discover more about the positive impact The Bright Initiative is having on the world, visit: https://brightinitiative.com/ .

THE RONA FOUNDATION CELEBRATES ITS 25TH ANNIVERSARY BY REDEFINING ITS MISSION AND LAUNCHING A NEW COMMUNITY INITIATIVE

Retrieved on: 
Thursday, May 11, 2023

BOUCHERVILLE, QC, May 11, 2023 /CNW/ - On May 12, the RONA Foundation will celebrate its 25th anniversary.

Key Points: 
  • BOUCHERVILLE, QC, May 11, 2023 /CNW/ - On May 12, the RONA Foundation will celebrate its 25th anniversary.
  • The organization oversees all the philanthropic activities of RONA inc., one of Canada's leading home improvement retailers which operates the Lowe's, RONA, and Réno-Dépôt banners.
  • To mark the occasion, the foundation has chosen to redefine its mission, giving a whole new meaning to its activities.
  • The RONA Foundation's new mission is to improve the quality of life of Canadians in need by revitalizing their living environments or making it easier to access housing.

How Nonprofits Should Account for the Employee Retention Credit

Retrieved on: 
Friday, February 10, 2023

FORT LAUDERDALE, Fla., Feb. 9, 2023 /PRNewswire/ -- Since the Employee Retention Credit (ERC) was enacted in March 2020, the guidance available for taxpayers has been limited, and for nonprofits, even more so. 

Key Points: 
  • A nonprofit organization ("NPO") may recognize Employee Retention Credit (ERC) in the year the NPO claims the ERC, provided the barriers of entitlement tests (discussed below) are met.
  • FORT LAUDERDALE, Fla., Feb. 9, 2023 /PRNewswire/ -- Since the Employee Retention Credit (ERC) was enacted in March 2020, the guidance available for taxpayers has been limited, and for nonprofits, even more so.
  • Maxwell Burns, CPA, Managing Director at EZ-ERC, outlines how nonprofits should account for the ERC to avoid audit risk.
  • Although ERC-specific guidance for nonprofits is lacking, ASC Topic 958-605 dates back to 2018 and provides general guidance on how nonprofits should account for contributions (i.e., grants, credits, etc.)

EBA consults on new Guidelines to tackle de-risking

Retrieved on: 
Friday, December 16, 2022

Through these Guidelines, the EBA aims to ensure that customers, especially the most vulnerable ones, are not denied access to financial services without valid reason.

Key Points: 
  • Through these Guidelines, the EBA aims to ensure that customers, especially the most vulnerable ones, are not denied access to financial services without valid reason.
  • To address this, the EBA is launching for public consultation on two new sets of Guidelines.
  • The first set is adding a new section to the EBAs ML/TF risk factors Guidelines, which set out what financial institutions should do to identify and tackle ML/TF risk.
  • These Guidelines have been developed in response to the European Commissions request following the publication of the EBAs Opinion on de-risking.

NPO-Academy USA to Launch Courses and Seminars in Non-Profit Management in 2023

Retrieved on: 
Tuesday, September 20, 2022

"We want to offer our target group the best possible training and further education on the market. To meet this high standard, our team of lecturers and trainers is made up of independent and qualified experts from science and practice. The learning success of the individual, the realizable benefits for the individual as well as the organization and satisfaction of our participants are at the center of our activities." -- NPO-Academy CEO Dr. Helmut Huetter

Key Points: 
  • In addition, the competition within the non-profit sector increases as each organization scrambles to secure the funding they need.
  • The courses and seminars cover the following topics: Controlling/Accounting, Fundraising, Culture, Management/Leadership, Marketing, Organization, Public Relations, Human Resources, Law, and Corporate Governance.
  • Those who subscribe to the NPO-Academy Newsletter by June 30, 2023 will also receive a 5% discount voucher on any course of seminar completed during 2023.
  • Over the next decade NPO-Academy expanded to Germany and Switzerland and since 2017, NPO-Academy has been holding courses in English for an international audience.

Bright Data 2022 Impact Report Highlights Progress Across ESG Initiatives and Growth of The Bright Initiative

Retrieved on: 
Tuesday, July 19, 2022

Bright Data , the industry-leading web data platform, has today released its latest impact report in which it highlights the growth of its social responsibility, environmental, educational and compliance initiatives so far in 2022.

Key Points: 
  • Bright Data , the industry-leading web data platform, has today released its latest impact report in which it highlights the growth of its social responsibility, environmental, educational and compliance initiatives so far in 2022.
  • The Bright Initiative by Bright Data, a pro bono program focused on using public web data to drive global change, has expanded in 2022 and includes partnerships with over 600 organizations around the world.
  • Women in Data the UK's largest women's data professional network the Initiative co-hosted a summit exploring how data can be used to make society safer for women.
  • The full 2022 impact report reviews Bright Datas progress and highlights the steps it is continuing to make to create a better environment for its employees, customers, ESG initiatives and to support global "for good" campaigns through data.

BairesDev Gathered 125 Tech Companies to Contribute With 25 STEM-Focused NPOs

Retrieved on: 
Monday, January 31, 2022

Through B-Grants, BairesDev teams up with client-partners to make donations on their behalf to a curated list of non-profit organizations (NPOs).

Key Points: 
  • Through B-Grants, BairesDev teams up with client-partners to make donations on their behalf to a curated list of non-profit organizations (NPOs).
  • BairesDev believes that with the right resources, confidence, and flexibility, talented young people with limited access to educational resources can thrive in STEM-related professions.
  • We're passionate about talent and about building the necessary bridges to provide meaningful opportunities for everyone to achieve their true potential."
  • We are thrilled to announce that 125 tech companies joined BairesDev's B-Grants Program and supported 25 NPOs, an all-time high of suggested organizations, to spark interest, increase proficiency, and contribute to equitable involvement in STEM.

Vena Releases FP&A and CPM Solution To Transform Not for Profit Grant Planning and Funding Allocation

Retrieved on: 
Tuesday, January 18, 2022

TORONTO, Jan. 18, 2022 /PRNewswire/ -- Vena, the Complete Planning platform loved by finance and trusted by business, today announced the release of Vena for Not for Profit, a game-changing corporate performance management (CPM) solution for NPOs.

Key Points: 
  • Comprising tailor-made templates, data models, connectors and business logic, Vena for Not for Profit automates and streamlines key planning processes, such as grant planning, funding allocation and grantor reporting, so NPOs can spend more time revolutionizing how they operate and manage resources in service of their mission.
  • "Planning systems are too often built to serve as a one-size-fits-all solution without considering the unique planning, reporting and analysis needs of a specific industry," said Rishi Grover, Co-founder and Chief Solutions Architect at Vena.
  • "Vena for Not for Profit is tailored specifically to the needs of not for profit organizations and ensures they're able to use their time in the most effective manner possible."
  • To ensure that not-for-profits have the opportunity to transform the way they plan, Vena will be offering special pricing for all eligible organizations.