Don’t let disaster fraud victimize your nonprofit
If your nonprofit operates in or serves clients in a disaster zone, you know how difficult the recovery process can be. Unfortunately, fraud perpetrators attempting to profit off the misery of others can make rebuilding difficult. Construction fraud is particularly common. If you have damage, be sure to work with your insurance company, carefully vet potential contractors, ask for proof of insurance, put everything in writing and don’t pay for work until it’s completely finished. Also watch out for fake relief workers. Real FEMA officials will never ask for payment. Contact us with questions.
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What makes charitable donors give?
It’s not easy to get at the root of charitable donor motivation. We look at some of the financial, social and emotional reasons people give and how your nonprofit might want to act on them.
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How your nonprofit can break bad budget habits
Your nonprofit may not have always approached its budget efficiently and productively or received the results it wanted. But it’s never too late to try some new budgeting ideas.
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What revenue numbers can reveal about your nonprofit’s financial health
You don’t have to wait for the next scheduled audit to assess your nonprofit’s financial health. Instead, think like an auditor and review revenue numbers for negative trends. Here’s how.
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Dangerous donations: Should your nonprofit risk bad publicity?
Don’t wait until a questionable donor offers your nonprofit a gift. Create a gift acceptance policy so you’ll know how to respond to donors who could potentially damage your organization’s reputation
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Is your nonprofit paying enough attention to Generation Z?
The youngest generation of adults, Generation Z, is your nonprofit’s future in terms of donations, volunteering and leadership. So it’s important to gain the attention and support of these digital natives.
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Reviewing — and possibly revising — your nonprofit’s spending policy
Even if your nonprofit has a long-established spending policy, financial challenges may warrant a review. We look at five common types of policies, as well as their pros and cons.
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How to cut costs instead of your nonprofit’s staff
No nonprofit wants to have to lay off employees due to budget restrictions. Before you cut your staff, read our suggestions for reducing other expenses across your organization.
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Oversight and controls are key to limiting fraud in nonprofits
Although your nonprofit can’t control the thoughts of criminally minded employees, you can make occupational fraud difficult to commit. The latest ACFE fraud report provides insights and tips.
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Find your nonprofit’s next leader with a team and a plan
Even if your nonprofit’s executive director isn’t leaving immediately, it makes sense to have an executive search plan ready. Here’s how to build your plan.
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For nonprofits, quid pro quo isn’t a simple exchange
Donors may automatically assume they can deduct the full amount of any charitable contribution. But what if your nonprofit provides goods or services in exchange for donations?
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Nonprofits: Tips for getting the grant
How effective are your nonprofit’s grant proposals? If you aren’t meeting with much success, you may need to change tack. Here’s how to research the grant, support your proposal and avoid pitfalls.
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Support your nonprofit’s financial plans with board designations
Should your nonprofit board designate unrestricted assets? Board-designated assets can provide a foundation and help ensure that funds are available when you need them. However, there are responsibilities involved.
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Matching gifts make donations twice as sweet
When your nonprofit receives a donation, a matching gift makes it all the sweeter. Encourage donors to take advantage of company matching gifts or create your own matching pool. Here’s how.
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CFO, yes or no? Here’s how to decide
If your nonprofit’s budget is growing and your executives are struggling to juggle financial responsibilities, it may be time to hire a CFO. Learn about what these executives do and what to look for in a candidate.
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What charitable givers need to know about taxes
Due to pandemic relief legislation, the tax treatment of charitable donations has changed (and changed back) in the past couple of years. Do your donors know the current rules? You can help inform them.
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Need extra hands? Try local companies
A corporate volunteer program can be a solution to your nonprofit’s volunteer shortage. But before you arrange a partnership, make sure you’ve thought hard about what you need and the best way to get it.
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Time to spring clean your programming lineup
It’s not unusual for nonprofits to allow programs to run past their sell-by dates. If some of your offerings have become ineffective, use the excuse of spring cleaning to clear out the old and replace with the new.
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Classify your nonprofit’s workers correctly — or risk repercussions
Does your nonprofit rely on contractors to get the work done? Make sure these workers are classified accurately or you may face federal scrutiny and financial penalties.
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Is your nonprofit on track? Ask your clients
Each encounter with a client is an opportunity to solicit feedback that can help you make better funding decisions. We have several suggestions for reaching out to recipients of your nonprofit’s services.
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