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News from TEA: The New EDGAR
The New EDGAR
On December 26, 2014, new regulations from the Office of Management and Budget (OMB), codified as Title 2 of the Code of Federal Regulations (2 CFR) Part 200, were incorporated into general federal regulation. This change resulted in major updates to 34 CFR, also known as the Education Department General Administrative Regulations (EDGAR). The regulations previously contained in 34 CFR Parts 74 and 80 are replaced by 2 CFR 200, and the updates to 34 CFR are known as the new EDGAR.
As of 2011, when the process of developing the new EDGAR began, eight separate OMB circulars governed federal grants. Regulations were difficult for grantees to understand and follow. For state educational agencies like TEA, they were cumbersome to enforce. The new regulations are streamlined, with the intent of making them more cost effective, less burdensome, and more beneficial, with a performance rather than a compliance focus.
Refer to The New EDGAR page for details on the new regulations, including their effective/applicability date, purpose, a list of the OMB circulars they replace, and links to related TEA grantee guidance.
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Nonprofit Sector a Major Player in Job Market According to Statistics
The Chronicle of Philanthropy says that according to Pittsburgh Tribune-Review, in an article entitled, Statistics Show Nonprofit Sector a Major Player in Job Market, "Charitable organizations accounted for more than 10 percent of U.S. employment in 2012 and trailed only the retail and manufacturing industries as a private-sector provider of jobs."
This is incredibly good news, given the decline in our job market during this recession. Wojtek Sokolowski, a Johns Hopkins University researcher, who worked with the federal Bureau of Labor Statistics to compile the first-of-its-kind examination on the economic impact of 501(c)(3) groups and subsequent statistics, said: “They behave differently than for-profits" and "That’s an important message, not just to nonprofit people but to everyone who is interested in job creation and how the economy works.”
Read more: Nonprofit Sector a Major Player in Job Market According to Statistics
Donating to your favorite charity this year?
If you're thinking of donating to your favorite charity this year, CharityNavigator.org has the following Top 10 Best Practices of Savvy Donors list you might want to read first! Charity Navigator is America's premier independent charity evaluator. Click on the logo to find a charity you can trust, but keep in mind not ALL good, reputable charities are listed, so you might not find yours on the list. (If you don't, follow the suggestions below, and perhaps suggest to your charity that they add themselves to Charity Navigator.
Stimulus Check Calculator
The Stimulus Check Calculator computes how much money you are eligible to receive from the coronavirus (COVID-19) checks promised by the US government.
Click the dollar sign to go to the calculator and see if you qualify for a stimulus check.
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Nonprofit Quarterly
Non Profit News | Nonprofit Quarterly
31 January 2023
Journalism for Non-profit Organizations and Leaders
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