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…
When you want to make a lasting impact through charitable giving, two of the most common vehicles are private foundations and donor advised funds (DAFs). Each offers unique advantages, but they are not the same. Understanding the differences can help…
This article was provided by Learn Grant Writing. Staffing shortages are pervasive across the nonprofit sector, and compensation is at the heart of the crisis. As a result, nonprofits often face a catch-22: They need more funding to hire staff,…
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…
What happens when a good idea for revenue starts pulling you away from your mission? You’ve poured your heart into building a nonprofit that’s making a real difference. The mission drives you, and the impact keeps you going. But as…
With a recent decline in church attendance, there is a growing need to expand your ministry’s outreach. If you’re looking for ways to engage churchgoers and successfully spread your faith, church planting is a great solution. Whether you’re already a…
What are your goals as a church leader? Are you passionate about ministering to others? Perhaps you want to offer hope to an entire community. Like any organization, churches need a clear vision of their purpose and the tools to…
After incorporating in your state and setting up your nonprofit’s 501(c)(3) status with the IRS, the biggest regulatory concern that you’ll have is maintaining ongoing compliance with the law. The regulatory filings required for both state and federal entities are…
Some days, there are pieces of mail you really wish you didn’t receive. Bills, late notices, warranty expirations, or recalls on your car are all examples of items we’d rather not get. But one piece of mail you really don’t…
Wouldn’t it be nice if every time we start to do something stupid, someone would be there to intervene before we did it? But what if I told you that, right now, you are possibly doing five things to undermine…