NEWS

Nonprofit Organization Updates

Uniform Financial Report Deadline Extended
October 20, 2021

The Commonwealth of Massachusetts,  Operational Service Division, has granted a 30-day extension to the Uniform Financial Report (UFR) FY2021 filing deadline. Please note UFR filers are not required to file a request for this extension. Contact us for more information.

Do you know the new accounting rules for gifts in kind?
July 7, 2021

If your not-for-profit organization accepts contributions of nonfinancial assets, such as land, services and supplies, you should know about Financial Accounting Standards Board (FASB) rules approved last year. Accounting Standards Update (ASU), Not-for-Profit Entities (Topic 958): Presentation and Disclosures by Not-for-Profit Entities for Contributed Nonfinancial Assets is intended to increase transparency around gifts in kind. READ MORE >

Nonprofit Organization Deadlines

Don’t miss these important deadlines for your NFP organization
  • COVID-19 Extension Summary:
    • Data Collection Form** – three months beyond the normal due date

**Recipients and subrecipients that received COVID-19 funding with original due dates from October 1, 2020 through June 30, 2021.

  • December 31 year end
    • Form 990 and PC
      • Due May 15
    • Massachusetts Uniform Financial Report (UFR)
      • Due May 15
    • Data Collection Form
      • Due the earlier of 30 days after your auditors’ report is issued or 9 months after your fiscal year end
  • June 30 fiscal year end
    • Form 990 and PC
      • Due November 15
    • Massachusetts Uniform Financial Report (UFR)
      • Due November 15
    • Data Collection Form
      • Due the earlier of 30 days after your auditors’ report is issued or 9 months after your fiscal year end
  • September 30 fiscal year end
    • Form 990 and PC
      • Due February 15
    • Massachusetts Uniform Financial Report (UFR)
      • Due February 15
    • Data Collection Form
      • Due the earlier of 30 days after your auditors’ report is issued or 9 months after your fiscal year end