Starting any type of business is a risky endeavor. Whether you’re starting a consulting firm, a food truck, or a nonprofit food pantry, entrepreneurs face unique risks. And given that nonprofits can’t have owners, many social entrepreneurs face an even…
There’s a lot that goes into starting a nonprofit. Here’s 11 things to consider…because 10 is never enough!
Foundation Group has joined BryteBridge to expand resources and expertise for nonprofits nationwide, while continuing its trusted formation, compliance, and bookkeeping services.
Whether you are talking about a commercial business or a nonprofit, every organization runs more smoothly when it has solid operating policies. Way too often, however, these are an afterthought, and you find yourself needing to refer to a policy…
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…