Running a highly effective nonprofit organization is no small feat. The mission-driven focus of nonprofits places a high demand on resources, time, and energy. However, in the process of making a difference, many nonprofits find themselves grappling with compliance issues…
When it comes to staying compliant with state regulations governing fundraising, it’s pretty safe to say you want to do things the right way. And, if you are fundraising in multiple states, you will want to comply with the registration…
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…
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…
Risk is relative. For some people, jumping out of an airplane is a typical weekend adventure. For others, driving 5 miles per hour over the speed limit makes your pulse quicken and beads of sweat break out on your forehead. …
Healthy things grow. That goes for both people and organizations. All but the smallest of businesses grow and evolve over time. Often it is a necessity to keep up with changes in the business environment, regulatory change, or simply changes…
Most nonprofits begin with a mission, not a financial system. A group of people identifies a need in their community. Volunteers gather around the cause. Early programs begin to take shape. Donations start arriving from supporters who believe in the…
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…
If the latest federal government shutdown taught us anything, it is that preparation matters. Even short disruptions can ripple through the nonprofit sector, delaying grant payments, stalling reimbursements, and increasing community demand. Whether your organization relies directly on federal funds…
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…