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Effective Budgeting for Nonprofits

Effective Budgeting for Nonprofits

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…

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…

Nonprofit Board Member Writing Thank-You Letters

Get Your Board’s Help with Year-End Fundraising

The end of the year is THE BEST time of year for fundraising. And it’s a great time to get your Board involved in helping you raise money. But if you’re like most, your Board doesn’t do a whole lot…

5 Reasons Why Nonprofits Fail

Top 5 Reasons Why Nonprofits Fail

Here’s a factoid you’ve probably heard before:  The majority of small business startups fail within the first 5 years.  Sadly, the same is true for nonprofits.  There are a multitude of factors that come into play that help to determine…

Nonprofit Unrelated Business Income Explained

Nonprofit Unrelated Business Income Explained

There are few topics that generate more confusion to nonprofit managers than unrelated business income (UBI).  It is also one of the areas than can cause the most problems for your organization.  It can cost you money in the form…

Toy plane and passport

Charitable Activities in a Foreign Country

The issue of a nonprofit operating in a foreign country is rather complex. It can involve multiple government agencies and be fraught with pitfalls that can only be avoided if you understand the rules. If you are like many of…

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