Guidance 205 - Nonprofit Grantees and Circular A-133

In 1976, OMB issued Circular A-110, Uniform Administrative Requirements for Grants and Agreements With Institutions of Higher Education, Hospitals and Other Nonprofit Organizations, which provided standardized guidance to nonprofit recipients for administering federal grants. While Circular A-110 was modeled after Circular A-102, it contained certain differences because nonprofits successfully argued that their operations differed from those of state and local governments. One of the important differences dealt with audits. While neither circular included an expansive policy concerning audits, Circular A-102’s audit requirement for state and local governments was based on the… Read More