nonprofit

Have you reviewed your nonprofit organization’s financial statements recently? They’re key to assessing your organization’s financial condition. Here’s what you need to know. Why ratios matter Although financial statements play…

The U.S. Office of Management and Budget (OMB) recently released its final guidance based on previously proposed revisions of the Uniform Guidance (UG). The changes — to be adopted by…

According to nonprofit BoardSource, not-for-profit boards that meet monthly should be able to cover all business in one to two hours. If your meetings last longer, they may lack planning…

The difference between financial pledges and donations is relatively simple: Pledges are promises to donate sometime in the future, and donations provide immediate support for your not-for-profit organization. What’s not…

You may know the difference between nonprofit and for-profit accounting systems, but do your newest employees and board members? Not-for-profits and businesses share certain similarities. For example, both must carefully…

During the COVID-19 pandemic, Congress temporarily enabled individual charitable donors who didn’t itemize federal income tax deductions to deduct up to $300 in contributions in both 2020 and 2021. This…

Perhaps you think a board retreat would be nice to have — but, given your not-for-profit’s tight budget, it isn’t really necessary. Yet consider the benefits. A retreat allows members…

It’s understandable if your not-for-profit has been putting off launching a capital campaign — despite having grand plans to build a new facility, make major purchases or expand a key…

There are many ways to evaluate the success of a not-for-profit event. But for most nonprofit leaders, financial success — how much did we raise? — is the metric that ultimately matters.…