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.
In a few weeks, your nonprofit is having its next board meeting. It just happens to be the annual meeting in which officers and directors are elected. You're the founder and have been President and a board member since the…
Mixing business and charity seems like it's all the rage. Done well, it can be an effective way to both further the mission and raise financial support. In this post, we're going to explore examples of each.
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,…
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…
Over the course of our many years in business, we have found the public support test to be among the least understood topics by nonprofits, especially smaller organizations. But, it is absolutely critical to understand how it works, lest your nonprofit…
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…
A couple of weeks ago we looked at some key points regarding nonprofit executive compensation. This week, we want to take a closer look at best practices for paying everyone else your organization employs.
The IRS has all sorts of rules about what your nonprofit can and can't do and still maintain 501(c)(3), tax-exempt status. In this article, we're focusing on the rules concerning the who. Specifically, who can and can't fulfill certain roles…
Nonprofit executive compensation tops the current list of IRS hot button issues. In recent years, the IRS has been ramping up its oversight and enforcement of nonprofit executive compensation. With all the rancor surrounding executive perks and bonuses on Wall…