Not-for-profit entities must allocate joint costs from combined educational campaigns and fundraising solicitations between program costs and fundraising costs, according to the Financial Accounting Standards Board.Read More
Nonprofit organizations are not any safer from fraudulent activity than for-profit companies – as two recent cases at respected charities illustrate.Read More
One of the most significant costs for many nonprofits is people. Volunteers can only do so much, and to grow your organization and maintain consistent services, people need to be paid. Whether it’s an administrative position, a program manager, a driver or an instructor, that person trades commitment of time and skill for compensation.Read More
The IRS has provided employers with additional time to obtain the certification necessary to claim the Work Opportunity Tax Credit (WOTC), which was retroactively extended by the Tax Increase Prevention Act of 2014 to December 31, 2014.Read More
Your mission is the reason your organization exists. Staff, resources and community support are dedicated to addressing an important social issue. The key question is: Are you meeting your mission effectively?Read More
A nonprofit’s financial management system involves much more than tracking money in and out.Read More
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