Distinctions between taxable advertising and nontaxable sponsorships can be nuanced. Before seeking new income sources, figure out if they’re potentially subject to unrelated business income tax.
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Accepting cryptocurrency donations may seem risky. Price volatility is indeed a risk. But there are also ways for nonprofits to manage it. This article discusses them as well as reporting responsibilities.
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Your nonprofit doesn’t have to tackle big, complicated social challenges alone. Collective impact initiatives bring charities, businesses and communities together. Here’s how.
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From financial oversight to risk management to avoiding conflicts of interest, there’s a lot that nonprofit board members need to know. Here’s a quick summary.
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To help ensure the safety of their people and limit property damage, all organizations need to prepare for possible disasters. But some organizations need to plan more extensively. Is yours one of them?
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There are worthwhile reasons for nonprofits to merge. But it’s also important to remember that mergers can fail. Read on for the pros and cons.
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Nonprofit board retreats enable members to move past the mundane topics of regular meetings and get creative. Here’s how to plan a safe and successful in-person retreat.
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New rules for nonprofits to report gifts in kind (such as land or services) take effect for annual periods starting after June 15. So if you haven’t already familiarized yourself with the rules, now’s the time.
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Why don’t your nonprofit’s interim and year-end financial statements match? It may come down to cash basis vs. accrual accounting. Here’s how to minimize the need to make adjustments.
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Many nonprofits are wary of adding expensive insurance coverage. But a directors and officers (D&O) policy can protect board members from financial liability and ultimately save money.
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After this past year, you and your nonprofit’s board may think they can overcome any financial challenge. But don’t get too comfortable. These financial warning signs merit immediate attention.
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Without a whistleblower policy, your nonprofit could learn about illegal or unethical internal activities only after media, law enforcement or regulators do. Adopting a policy is relatively easy. Here’s how.
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Everyone knows about the $1,400 checks earmarked for qualified individuals. But what does the American Rescue Plan Act propose for struggling nonprofit organizations? We review the highlights.
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Benchmarking provides critical information when developing and executing strategic plans. So if your nonprofit doesn’t use financial metrics, you may be flying blind. Here’s how to get started with benchmarks
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Three months, six months, 12 months? When rebuilding your nonprofit’s operating reserves, how much in expenses should you try to put aside? It may determine how well you survive the next crisis.
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A good social media influencer can increase awareness of your nonprofit and generate donations. The wrong one can irreparably hurt your reputation. Here’s how to build a lasting influencer relationship
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Nonprofit accounting systems can become inefficient and less effective over time if they aren’t monitored. You should regularly review your accounting function for these potential upgrades.
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The commerciality doctrine was created to address concerns over nonprofits competing at an unfair tax advantage with for-profit businesses. It could trip up your organization if you’re not careful. Read on.
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It’s not enough to maintain your current supporter base. You also need to grow it. Here are five tips for attracting positive attention with your news releases and other communications.
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Whether your nonprofit has only a handful, or hundreds, of staffers, communication can easily break down. Here’s how to keep the critical lines between your development and accounting departments open.
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