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…
The following is a guest post from Snowball. Volunteers can play a significant role in keeping fundraising events running smoothly, especially when given the tools they need to be successful in their efforts.
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 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…
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…
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…
The following is a guest post from DNL OmniMedia. Starting a nonprofit requires establishing your mission, determining your organization’s structure, ensuring you have the necessary resources to operate, and filing important legal compliances. You will also need to determine what…
Maintaining timely and accurate financial records is one of the most important responsibilities facing every nonprofit organization. But doing it right is time-consuming, and the rules are complicated.
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…
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…