Nonprofit Organization Updates
Massachusetts Operational Services Division FY2025 UFR Extension
October 16, 2025
The Operational Services Division (OSD) extended the Uniform Financial Report (UFR) deadline from November 15, 2025 to January 15, 2026 for contractors required to submit a Single Audit for FY2025. No extension request is required for those impacted. Refer to OSD’s website for specific details: https://www.mass.gov/info-details/information-and-resources-on-the-uniform-financial-reports
Changes to OMB’s Uniform Guidance
February 18, 2025
The Office of Management and Budget (OMB) revised the Uniform Guidance. The changes are effective for federal awards issues on or after October 1, 2024.
A summary of the some of the changes are as follows:
- Increasing the single audit requirement threshold from $750,000 to $1,000,000 for fiscal years beginning after October 1, 2024
- Raising the default de-minimis rate for recipients who do not have a negotiated indirect cost rate from 10% to up to 15% of Modified Total Direct Costs (MDTC)
- Increasing the exclusion for subawards from the MDTC from $25,000 to $50,000
- Increasing the capitalization threshold for equipment from $5,000 to $10,000
Nonprofit Organization Deadlines
Don’t miss these important deadlines for your NFP organization
- 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
- Form 990 and PC
- June 30 fiscal year end
- Form 990 and PC
- Due November 15
- Massachusetts Uniform Financial Report (UFR)
- Due November 15
- Note: OSD Extended the due date to January 15, 2026 for Organization’s required to submit a Single Audit
- 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
- Form 990 and PC
- 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
- Form 990 and PC