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Audit Threshold legislation signed by Governor Tomblin
New legislation will help many nonprofits save thousands of dollars each year. Thanks the support and collective involvement by members of the West Virginia Nonprofit Association and Philanthropy WV, SB351 Increasing the Audit Threshold for Nonprofits passed both chambers of the WV Legislature on March 6. Governor Earl Ray Tomblin signed the legislation into law […]
Transforming West Virginia Nonprofits
Nonprofits across the state are being invited to a series of discussions on the future of a sector that employs one out of every ten West Virginia workers and generates more than $7.9 billion in annual revenues. In April and May, the West Virginia Nonprofit Association (WVNPA) will host nine meetings throughout the state on the […]
Action Alert: WV Audit Threshold Legislation
UPDATE: As of Sunday night (February 22), SB 351 (Increasing the Audit Threshold for Nonprofits from $200K to $500K) was passed by the Senate Judiciary Committee and is now on to the full Senate for review and approval this week. The House version of the bill HB2716 is pending in the House Finance Committee. We invite you […]
Audit threshold changes proposed for West Virginia nonprofits
Bills are active in both the West Virginia House of Delegates and the West Virginia Senate focused on increasing the audit threshold for nonprofit organizations from $200,000 to $500,000 (separate from government and private foundation grants) in income. The language of the House of Delegates bill is more complete. The bills are currently in waiting, and […]
Own Your Own Costs: New OMB guidance takes effect
Through our active membership in the National Council of Nonprofits, we have helped bring about a major change in Federal law that promises to help nonprofits cover the full costs of delivering on their missions.
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