Nonprofit

K-12 Schools Experienced a Significant Rise in Cyber Breaches in 2018

Data & Statistics reported/outlined by The K-12 Cybersecurity Resource Center 2018 revealed that school districts are not immune to the same types of data breaches and cybersecurity incidents plaguing the most technologically advanced and well-resourced corporations and government agencies. During 2018, the misuse and abuse of school technology and IT systems resulted in 122 publicly-disclosed…

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Considering a Penetration Test? Know Your Options & Which is Right for You

Before you arrange or commit to a penetration test, understand that the results are driven by the information the researcher is provided. Leadership and management need to agree on the scope-of-work, objectives and rules of engagement for the organization performing the testing. This process has been neatly packaged into a color-coded system: Black, White or…

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Enterprise Risk – Are You Properly Managing It?

When I ask my clients if they have a formal risk management process and plan, the discussion often goes to insurance.  I get a “Yes, our buildings and other fixed assets are insured; we have liability coverage; our technology firewalls are up-to-date,” and so on.  I also often hear that the executive committee of the…

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Are You Ready… For The New Nonprofit ASUs?

In our August 2018 newsletter, we highlighted the four new accounting standards updates (ASU) that will impact nonprofits in the next few years. ASU 2016-14, Presentation of Financial Statements of Not-for-Profit (NFP) Entities, will be effective for years ending December 31, 2018 and June 30, 2019. So now the question is, are you ready? There…

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The Impact of the Opioid Crisis on Treatment Providers

Opioid use and addiction have reached epidemic proportions in this country.  According to the U.S. Centers for Disease Control and Prevention, in 2016, an average of 115 Americans per day died from an opioid overdose,1  leading President Trump to declare a Public Health National Emergency in October 2017 and set goals to address the issue. The…

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Mercadien Announces Managing Director and Other Promotions

The Mercadien Group is pleased to announce several executive promotions within the firm.  Mr. Digesh Patel, CPA, MBA, RMA, CGMA, PSA, a director in the firm’s Government Services Group, has been promoted to managing director of The Mercadien Group and principal in Mercadien, P.C., CPAs.  A resident of Bordentown Township, NJ, Mr. Patel has been…

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Mercadien Sponsors Session at 2018 NJBIA Women Business Leaders Forum

The New Jersey Business & Industry Association (NJBIA) Annual Women Business Leaders Forum was held Friday, September 14, 2018, at the Newark Liberty Airport Marriott.  Under the theme, Empowering Together, 400+ attendees heard from featured speakers, including make-up magnate Bobbi Brown as keynote, and panelists at five different educational breakout sessions.  Mercadien sponsored the session,…

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NJ’s New Paid Sick Leave Act – A Summary

The New Jersey State Legislature passed a new Paid Sick Leave Act, that takes effect on Monday, October 29, 2018. Below we’ve summarized the highlights for you to ensure your business is in compliance with the new law. Who is affected? Anyone who employs another individual  When does the Act go into effect? Monday, October…

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Focusing on 4 New Nonprofit Accounting Standards Updates

Happy New Year!  Saying this might make you think of Christmas in July but at Mercadien, July 1st starts our new fiscal year.  Our tradition in the Nonprofit and Human Services Group is to attend the AICPA (American Institute of CPAs) Not-for-Profit (NFP) conference and gather all the information we can to update our staff…

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AICPA Asks the IRS to Change Form 990

Most not-for-profit organizations are required to file Form 990, Return of Organization Exempt from Income Tax. Form 990 is the IRS’ primary tool for gathering information about tax exempt organizations, educating organizations about tax law requirements and promoting compliance. Organizations use Form 990 to share information with the public about their programs while states rely…

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