When you’re just getting started, there’s a LOT to do, from building your Board to setting up an office to raising money. And if you are the founder, you are probably doing most of the work yourself. That’s when a…
Scholarships are an excellent opportunity to make a positive impact and support the objectives and mission of your nonprofit. This is particularly true if your organization’s mission is primarily educational in nature. But the benefits aren’t exclusive to educational nonprofits…
Risk management should be among the top strategic initiatives of every nonprofit board of directors. Establishing effective policies and procedures will help, as will requiring separation of duties and limiting conflict of interest. But, what if your nonprofit owns real…
Many nonprofits tend to focus primarily on their federal compliance filings, such as IRS Form 990, and for good reason. All tax-exempt nonprofits must file a version of Form 990 each year. But for organizations based in other states, particularly…
In part two of our reporting series, we want to address how to categorize some of the other types of revenue a nonprofit organization frequently encounters. Donations aren’t the only type of funding with specific reporting requirements. Non-gift revenue sources…
With the New Year comes new responsibilities. Similar to how we all anxiously await for our employers to issue us our W-2s at the beginning of the year to get our taxes and out of the way (and hopefully not…
The CARES Act legislation that was approved in the early days of the COVID-19 pandemic (spring of 2020) helped many nonprofits with its Paycheck Protection Program. Thousands of charitable organizations nationwide were able to secure forgiveable loans from the Small…
Now, more than ever, the nation needs nonprofit organizations. The need is great and still growing.
Your organization has made it to the end of 2020. Now what? After this year, deciding to keep moving forward is possibly the hardest the decision you can make…but it is also the most beneficial.
The year may be soon coming to a close, but now is the time to be intentional about what success looks like for your organization. By having these integral items on your year-end checklist, you’ll be off to a good…