In working with thousands of nonprofit startups over the years, one of the most frequent challenges we face when working with clients is conflict-of-interest concerns. New 501(c)(3) organizations are particularly vulnerable to this for a number of reasons, chief among…
Bookkeeping is an essential component of any ongoing enterprise. It is the meticulous process of recording and organizing financial transactions, and represents the backbone of the financial system for both small businesses and nonprofit organizations. And while the fundamental principles…
You think you’re pretty well versed in the English language, right? If you grew up in an English-speaking country, you’re pretty sure you have this thing down pat. Maybe you do, and maybe you don’t!
Your nonprofit is having its next board meeting soon. It just happens to be the annual meeting in which officers and directors are elected. You’re the founder and have been President and a board member since the organization was founded…
This is a conversation our staff members have with clients at least 4 or 5 times per week: The issue of a nonprofit hiring and paying an independent contractor. What is fascinating is the degree of resistance we often get…
A common mistake made by both businesses and nonprofits alike is the failure to budget income and expenses. Far too often, it’s a see-what-comes-in mentality that rules the day, with no attempt to plan, manage, or adapt to changing financial…
Mixing business and charity seems like it’s all the rage. Done well, it can be an effective way to both further the mission and raise financial support. In this post, we’re going to explore examples of each.
In a significant development for churches and nonprofit organizations, the IRS has recently clarified its enforcement stance on the Johnson Amendment as it applies to political speech by churches. This update reinforces important constitutional protections and offers a more measured…
So, you started a private foundation. But now that the IRS has approved your nonprofit as a foundation, you’re questioning whether or not that was the right idea. You’re thinking maybe you should have chosen public charity. Surely you can…
We talk a lot around here about conflict of interest and the negative outcomes associated with insiders having financial entanglements with the organization. It gets a lot more dicey when the nonprofit is a private foundation. So how can a…