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multiple revenue streams

Mixing Business and Charity

SUSTAINABILITY. That's been the buzzword around the nonprofit space for over a decade. Organizations everywhere are looking for ways to build-in revenue streams to supplement, or even replace, traditional donations. The reality is, no matter how appealing the idea is,…

Fiscal Sponsor Payment by Check

What Is a Fiscal Sponsor?

Sometimes, those operating a charitable activity do not wish to fully formalize what they're doing into an actual 501(c)(3) nonprofit entity. The reasons for this vary, but often the services of a fiscal sponsor is needed. Properly setup, fiscal sponsorships…

Calculating business expenses

How to Allocate Nonprofit Expenses

There are some universal truths when it comes to nonprofits that are not dependent on the size of the organization. This is especially true about money. While yes, the amount of revenue determine which Form 990 the nonprofit is required…

Jar of money cash Donations Appreciated sign message board, contributions, tips, collection

How to Ask for Money for Your Nonprofit

You know who your donors should be. You know where you should be able to find your donors. You know the type of person that should be interested in what your nonprofit organization does and should care about its purpose…

509a1 vs 509a2

What Is the Difference Between a 509(a)(1) vs 509(a)(2) Nonprofit?

A nonprofit's source of revenue can greatly affect its potential IRS classification of 501(c)(3) status. Often, an organization's purpose determines any sub-classification. In this article, we're going to take a look at what happens when it is revenue that determines…

Mature Woman Accounting

How to Categorize Operations Revenue

In part two of our reporting series, we want to address how to categorize some of the other types of revenue a nonprofit organization frequently encounters. Donations aren't the only type of funding with specific reporting requirements. Non-gift revenue sources…

fundraising

6 Ways New Nonprofits Should NOT Raise Funds

So you want to start a new nonprofit. Great! Now how do you pay for it? Starting and operating a new organization is not easy... or cheap. And, how do you convince people to give to an organization that doesn't…

nonprofit policies and procedures

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…

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