If your nonprofit hopes to land a large gift, it needs to go to the source: high-net-worth donors. Easier said than done, right? Learn more about wealthy philanthropists and how to get their attention.
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Good PR can mean many things. But for a public charity, it means frequently, rather than occasionally, using the media to communicate with prospective supporters about successes, challenges and opportunities.
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Who needs benchmarking? You, your nonprofit’s employees and board of directors do! We explain how best to measure performance to reach mission-critical goals.
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Accounting inefficiencies and errors can cost your nonprofit time and money. Here’s how to root out and repair less-than-perfect processes.
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Whether your nonprofit uses cash basis or accrual basis accounting can affect the likelihood that your financial statements will need to be adjusted at year end.
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Audits are critical to reassuring financial supporters of your nonprofit’s fiscal responsibility. But the work doesn’t end when the auditor leaves. You need to review the audit report and possibly take action.
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Drawing a line between employees and contractors requires nonprofits to use their judgment. Getting it wrong can result in penalties and other costs, so take steps to get it right.
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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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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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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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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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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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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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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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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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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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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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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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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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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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