Your nonprofit needs a conflict-of-interest policy. Good governance demands it, your stakeholders expect it and even the IRS wants to know how you prevent conflicts.
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Is your nonprofit’s current strategic plan uninspiring? Does it prevent you from leveraging current opportunities? Real-time strategic planning enables organizations to capitalize on their competitive advantages.
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Most nonprofits aren’t required to undergo audits. But you may want to engage an auditor anyway. Here’s how to make the process go smoothly and reduce time and costs.
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What do budgets with unexplained variances, delayed financial statements and overreaching executive directors have in common? Your nonprofit’s board should know the answer to this question.
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Enterprise risk management usually is associated with for-profit businesses. But nonprofits can also benefit from this program that compares risks and strategically deploys resources.
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It’s no secret that this is a job applicant’s market. So if your nonprofit is trying to find staffers, you may need to put extra effort into recruiting. We offer some tips.
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Is now a good time for your nonprofit to launch a capital campaign? For starters, you’ll need supportive stakeholders and strong leadership. Here are some other essentials for a successful campaign.
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Smaller nonprofit boards generally communicate more effectively and are more cohesive. Larger boards tend to have broader expertise. So how big (or small) should your organization’s board be?
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Most nonprofits prefer unrestricted gifts, but you probably don’t want to say “no” to donations that come with a few strings. Just make sure you handle restricted gifts with care. Here’s how.
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Charitable giving is picking up and there are other signs that suggest 2022 will be less challenging for nonprofits. But to help ensure your nonprofit can overcome obstacles, consider taking these three financial steps.
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It’s easy to see why small charitable projects seek fiscal sponsorships, but your established nonprofit may also benefit from sponsoring a group. Learn more about fiscal sponsorships.
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Manager involvement is essential to helping prevent credit card abuse. If you allow staffers to use your nonprofit’s card, make sure they understand how they’re authorized to use it. To craft a card use policy, read on.
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To prevent excess benefit transactions (such as certain purchases from insiders) from occurring in your nonprofit, educate stakeholders. Here’s how to communicate the concept.
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How prepared are your nonprofit and its staffers for an unexpected outpouring of support? Sudden interest could take down your website, or worse. We discuss how to be ready.
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There are many reasons besides emergencies for nonprofits to consider taking out loans. We discuss them as well as where to look for funding and how to get approved.
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Many mature nonprofits may emerge from the pandemic relatively unscathed. But getting back to “normal” probably means recognizing new challenges. These include the need to identify growth opportunities.
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What do nonprofit board members need to make decisions? The right information. To ensure your board has what it requires, funnel the following financial and strategic material through your executive director.
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Instead of waiting to see if donors will ask for their money back, take steps to prevent such requests. Learn when your nonprofit should return a donation and what your refund policy should say.
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Having trouble fundraising in today’s fraught environment? Make sure your nonprofit’s stakeholders, particularly its board members, are making personal appeals.
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In the past, nonprofits that wanted to merge with another entity or enter into a joint venture faced a difficult process. Now, restructuring can be as easy as completing an annual Form 990. Learn more.
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