Introducing Compass Charitable Partners
Foundation Group is proud to announce the opening of Compass Charitable Partners, a new fiscal sponsorship 501(c)(3) solution for those needing this unique structure.
How to Start A Ministry: Everything You Need to Know
Whether you’re already a church leader, or you’re starting an initiative from scratch, you know that the calling to start a ministry can’t be ignored. However, you may not know how to start a ministry, especially since the process can…
Bookkeeping for Churches: How to Balance Faith and Finances
While your church’s main focus is its ministry, orderly finances are necessary for any organization to operate effectively. The best way to set your church up for success is by wisely allocating your resources, communicating financial transparency, and meeting legal…
The Critical Intersection of Nonprofit Websites and Compliance
It’s been a few years since we last published an article about your nonprofit website, but we field questions from clients about this subject on a weekly basis. And, in the time since that 2009 post, our wired world has…
The Best Guide to Bookkeeping for Nonprofits: How to Succeed
Your nonprofit has important work to do, but limited resources to do it with. To fulfill your mission and impact the communities you serve, you have to raise and allocate funds wisely—That’s why bookkeeping for nonprofits is an essential part…
How to Protect Your Nonprofit’s Board Members
Your board of directors is one of the most important assets your nonprofit has. Assuming they understand their role and are there for the right reasons, your board members provide invaluable insight, direction, and oversight. They volunteer their time and…
6 Operating Policies Your Nonprofit Must Have
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…
Bookkeeping For Nonprofits: How Is It Different Than For Small Business?
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…
Top 5 Risks of Fundraising Registration Non-Compliance
40 states, plus Washington DC, require 501(c)(3) nonprofits to register prior to soliciting donations. And, since most states now consider all forms of revenue generation by your nonprofit to be a solicitation, you simply must be aware of what is…
The Dangers of Nonprofit Inurement and Private Benefit
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…