nonprofit
Does your nonprofit devote significant time and resources to attracting new donors? Although donor acquisition is essential, long-term financial sustainability often depends just as much on keeping existing supporters engaged.…
Your nonprofit’s financial statements tell an important story, but they don’t always make trends or emerging risks easy to spot. That’s why many organizations supplement traditional financial reporting with key…
Donor restrictions can limit how contributions may be used (such as to fund a program) or when they may be used. Those terms can help connect donor priorities with your…
Many nonprofits rely on independent contractors for specialized services, project-based work and temporary staffing. But classifying workers correctly remains one of the most challenging compliance issues organizations face. The…
Nonprofits have many reasons to conduct financial audits, from deterring fraud to improving fiscal management to meeting regulatory requirements. And proper preparation can go a long way toward streamlining the…
A successful fundraising campaign can generate commitments that stretch well beyond the current year. Those pledges can help your nonprofit plan ahead. But when should they appear in your financial…
Board minutes are more than an administrative formality. They provide the official record of how your nonprofit’s governing body exercised its authority — and may become important during an audit,…
Nonprofit leaders frequently make consequential decisions about money, people and programs. But even well-informed and well-intentioned decisions can lead to allegations of wrongdoing. Directors and officers (D&O) liability insurance can…
A conflict of interest doesn’t necessarily indicate wrongdoing. But when nonprofit leaders fail to disclose and properly manage personal financial interests, even a well-intentioned decision can expose the organization to…
Restructuring can help certain nonprofits reduce costs, combine resources, change their legal forms or move to another state. IRS guidance generally allows domestic organizations recognized as tax-exempt under Section 501(c)…
Adding employees can help your nonprofit improve programs and reduce the burden on an overstretched team. But hiring is a significant and potentially long-term commitment. Before recruiting, take a close…
A capital campaign can help your not-for-profit turn an ambitious vision into reality, but the size of the undertaking may cause hesitation. Fortunately, these campaigns aren’t only for large organizations…
Annual campaigns and grassroots fundraising remain essential for nonprofits. But cultivating relationships with affluent philanthropists can open the door to opportunities that aren’t possible through smaller gifts alone. The key…
Waiting until year end to plan your not-for-profit’s annual report can lead to rushed content and overlooked accomplishments. By gathering personal impact stories and financial highlights throughout the year, you…
Businesses in economically distressed communities often have difficulty obtaining capital for expansion, equipment, facilities and other investments. The New Markets Tax Credit (NMTC) encourages private investment in these underserved areas…