Nonprofits

feedback

5 Ways to Gather More Feedback from the People You Serve

According to the Center for Effective Philanthropy, practically all nonprofits in the United States (an astonishing 99% of surveyed organizations) say they solicit feedback from their clients when designing programs and services. However, resource constraints — lack of adequate staffing, funding and sophisticated technology — may mean that they don’t collect data as often as…

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The treasurer may be your board’s most valuable asset

The Treasurer May be Your Board’s Most Valuable Asset

In many organizations, the treasurer is the board of directors’ hardest working member. Depending on the duties outlined in your organization’s bylaws, this individual might manage cash flow, act as a liaison to outside auditors and craft investment policies. A role this critical to your nonprofit’s financial health should be filled by a highly qualified…

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fraud prevention

No Excuses! Fraud Prevention is Easier Than You May Think

Most research has found that nonprofit organizations are no more likely to fall victim to occupational fraud than their for-profit peers. On the other hand, there’s reason to believe that nonprofits underreport fraud incidents and are reluctant to prosecute thieving employees to protect their reputation with donors and the public. The fact is, according to…

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DAF Donor Advised Fund

How to Attract Donor-Advised Gift Funds

Donor-advised funds (DAFs) have been around since the 1930s, but they’ve exploded in popularity in the past decade. Between 2007 and 2016, DAF assets grew from $32 billion to $85 billion, according to the National Philanthropic Trust. Assets are expected to continue to grow exponentially thanks, at least in part, to the Tax Cuts and Jobs Act.…

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audit committee

Building an Effective Audit Committee

Nonprofit boards aren’t required to form audit committees, but having one can promote better financial reporting, fewer fraud incidents and a smoother audit process. This article explains that committee members can’t be employed by the nonprofit or its auditing firm. It also outlines some of the committee’s responsibilities.

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nonprofit accounting

Nonprofit Accounting is Different: Here’s How

Nonprofit board members who come from the business sector may not grasp the differences between nonprofit and for-profit financial reporting. This article provides a cheat sheet on how financial approaches and statements, particularly for assets and liabilities, differ.

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nonprofit revenue recognition grants contributions

New Revenue Guidance Provides Direction to Nonprofits

This article summarizes ASU 2018-08, which the Financial Accounting Standards Board recently issued to resolve for nonprofits’ revenue recognition issues. It covers the 2014 standard that gave rise to questions, explaining when grants should be characterized as reciprocal exchanges vs. contributions and defining conditional contributions.

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santa claus holding donations cup

After the TCJA: How to Keep the Giving Going this Holiday Season

The new tax law’s increase of the standard deduction means that fewer taxpayers will now itemize, and thus be motivated to make deductible gifts to charity. This article urges nonprofits to rethink their approach to holiday fundraising. For example, they should promote the idea of “bunching” donations, take part in deadline-oriented fundraisers such as Giving Tuesday and encourage supporters to make charitable donations in lieu of giving physical gifts.

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Employee Retention: Keep Them if You’ve Got Them

Today’s tight labor market can make it hard for nonprofits to recruit and retain good people. This short article gives readers several low-cost tools for holding on to the staffers they have, including career development paths.

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Nonprofits: You Too Could Fall Victim to a Celebrity Scandal

Celebrity spokespeople can help raise awareness of a charity’s mission, attract new audiences, generate donations and change public opinion on a subject. But as fallout of the #MeToo movement has shown, nonprofits can also be hurt by association with a disgraced celebrity. This article talks about how to handle celebrity-related PR disasters — and prevent them from happening in the first place.

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