nonprofit

If you’re organizing a nonprofit board retreat, you’ll probably want board members to make the most of their time together. One of the best ways to do this is to…

Even if your not-for-profit isn’t legally required to obtain independent audits, such audits can enhance financial transparency, increase accountability, and help you build trust with your stakeholders. But how do…

With fewer federal grants available to not-for-profit organizations, the competition to qualify for funding—from all sources, including foundations—has become more intense. Now, more than ever, your nonprofit needs to submit…

Even not-for-profits that make realistic budgets and hold adequate funds in reserve to cover shortfalls can run into financial emergencies—particularly if they lose a major funding source. But if your…

Whether you’re planning an off-site retreat for board members, a luncheon for potential corporate funders, or a formal fundraiser, you likely will encounter opportunities to cut expenses. Although no one…

In the process of slashing expenses? Just be careful not to cut essential items, such as sufficient staffing to maintain strong internal controls, from your not-for-profit’s budget. Internal controls are…

Operating reserves — unrestricted assets you can readily access — are often called “rainy day funds.” However, stable reserves are critical for more pressing reasons than for occasional financial setbacks.…

More than ever, many nonprofits are counting on social media to boost fundraising and build awareness. These tools have proven increasingly effective in recent years, but you need to remember…

In today’s competitive labor market, your nonprofit organization may seek innovative ways to stretch limited budgets while advancing its mission. One often overlooked opportunity is the federal Work Opportunity Tax…