Nonprofits need to incorporate tax planning into their special event preparations. Whether you’re hosting a formal dinner, 5K run or multi-speaker conference, tracking revenue and expenses is critical.
Read More
Your nonprofit doesn’t have to be on a fast track. But it should foster new ideas and innovation that will make it easier to achieve, and even expand, your mission. Here’s what to do if you’re languishing.
Read More
Most nonprofits benefit when they accept donations from supporters in whatever form they want. So if you don’t yet accept cryptocurrency, what are you waiting for?
Read More
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.
Read More
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.
Read More
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.
Read More
Accounting inefficiencies and errors can cost your nonprofit time and money. Here’s how to root out and repair less-than-perfect processes.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More
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.
Read More