Overtime Regulations in New York State In Effect as of December 31, 2016

Source: Overtime Regulations in New York State In Effect as of December 31, 2016

As we reported in New York Nonprofits' October Issue, federal overtime regulations are currently on hold while the U.S. District Court in Texas moves forward with the case.

“Ethics Bill” Creates New Funding Disclosure Regime for 501(c)(3)s

Earlier this year, the NYS Governor signed into law, Bill No. A10742/S8160 (the “ethics bill”) which, in relevant part, requires that 501(c)(3)s disclose some of their donor identities if that 501(c)(3) makes in kind or monetary donations to any 501(c)(4) that engages in significant lobbying in NY.  This requirement went into effect on November 22nd.

2016 New York Community Trust Nonprofit Excellence Awards Gold, Silver, and Bronze Prize Winners Announced

2016 New York Community Trust Nonprofit Excellence Awards Gold, Silver, and Bronze Prize Winners Announced

Release Date: Friday, December 2, 2016
Press Release | NPCC

The 2016 New York Community Trust Nonprofit Excellence Awards Presentation and Best Practices Workshop was held Friday, December 2nd at the New York Academy of Medicine.  The event is one of the largest nonprofit regional gatherings and this year was no different.

The Winners of the 2016 New York Community Trust Nonprofit Excellence Awards are…

The Winners of the 2016 New York Community Trust Nonprofit Excellence Awards are…

Release Date: November 7, 2016
Press Releases | NPCC

The New York Community Trust Nonprofit Excellence Awards Program, in its 10th year, announced the nonprofit organizations in New York City and Westchester that have been chosen as winners for $60,000 in prizes and prestigious scholarships.

Disclosure Obligations by Federal Grantees (FAR v. OMB)

Disclosure Obligations by Federal Grantees (FAR v. OMB)

As a matter of best practice, nonprofits should disclose credible evidence of any violations of any federal criminal law to the Office of Inspector General of their grant-making agency in accordance with the higher standard required under the Federal Acquisition Regulation, despite only being legally required to provide actual violations under the Uniform Guidance.

DOL Final Rule on Paid Sick Leave for Employees of Federal Contractors

The DOL Final Rule on sick leave for federal contracts will NOT apply to most nonprofits because grants and cooperative agreements are not covered. However, as the Rule does apply to subcontracts, nonprofits should review their sources of federal funding to ensure that they are not covered.

Meet the 2016 Nonprofit Excellence Awards Selection Committee

On December 2nd, three nonprofits from among 11 semifinalists will find out which prize – Gold, Silver or Bronze – they’ve won in the 2016 New York Community Trust Nonprofit Excellence Awards. The program’s expert Selection Committee is responsible for making the decision and, before that, for choosing the semifinalists and finalists from this year’s pool of 58 applicant organizations.

For the First Time in 20 Years New FASB Standards Adopted

For the First Time in 20 Years New FASB Standards Adopted

On August 18, 2016, the Financial Accounting Standards Board (FASB) issued a new Update intended to simplify and improve how a nonprofit classifies its assets, investments, expenses, resources and cash flows. You may know FASB from your accountant or auditor – these are the standards that dictate accounting practices and therefore the way your organization tracks its financial position.

The Semifinalists for the 2016 New York Community Trust Nonprofit Excellence Awards are…

The Semifinalists for the 2016 New York Community Trust Nonprofit Excellence Awards are…

Release Date: August 2, 2016
Press Releases | NPCC

The New York Community Trust Nonprofit Excellence Awards Program, in its 10th year, announced the nonprofit organizations in New York City and Westchester that have been chosen as semifinalists for $60,000 in prizes and prestigious scholarships.

The 2016 New York Community Trust Nonprofit Excellence Awards are underway in partnership with The Trust and Philanthropy New York, sponsored by WNYC, and supported by The Clark Foundation and RSM US.

The Awards provide applicants with an in-depth review of their management practices in Eight Key Areas of Nonprofit Excellence that are nationally-recognized.