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Posts (787) January 30, 2020 Executing Your Nonprofit’s Capital Campaign Nonprofit capital campaigns aim to raise a specific — usually, a significant — amount of money over a limited time period. Your not-for-profit may undertake a capital campaign to acquire land, buy a new facility, expand an existing facility, purchase major equipment or seed an endowment. Whatever your goal, a capital campaign can be grueling,… Read More February 4, 2020 Benchmarking Financial Performance You already may have reviewed a preliminary draft of your company’s year-end financial statements. But without a frame of reference, they don’t mean much. That’s why it’s important to compare your company’s performance over time and against competitors. Conduct a well-rounded evaluation A comprehensive benchmarking study requires calculating ratios that gauge the following five elements:… Read More February 5, 2020 Conflict-Of-Interest Policies Are Too Important For Nonprofits To Neglect Does your not-for-profit organization have a conflict-of-interest policy in place? Do your board members, trustees and key employees understand how the policy affects them? If you answer “no” to either (or both) of these questions, you have some work to do. A duty Nonprofit board officers, directors, trustees and key employees all must avoid conflicts… Read More February 6, 2020 What Are The Responsibilities Of An Audit Committee? Before you jump headfirst into the year-end financial reporting process, review the role independent audit committees play in providing investors and markets with high-quality, reliable financial information. Recent SEC statement Under Securities and Exchange Commission (SEC) regulations, all public companies must have an independent audit committee or have the full board of directors act as… Read More February 6, 2020 How To Gather More Feedback From The People You Serve According to the Center for Effective Philanthropy, practically all not-for-profits in the United States 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 they’d like or use it as well as… Read More February 6, 2020 Accounting For Indirect Job Costs The Right Way Construction contractors, professional service firms, specialty manufacturers and other companies that work on large projects often struggle with job costing. Full cost allocations are essential to gauging whether you’re making money on each job. But some companies simply lump indirect job costs into overhead or fail to use meaningful cost drivers, thereby skewing their profit… Read More February 6, 2020 Financial Wellness and Productivity: How are your Employees Affected? Employees worried about their personal finances are less productive, more distracted and are easier targets for poachers. While none of that is a revelation, a recent nationwide survey showed just how pervasive financial insecurity is in the workforce and how large the losses and potential risks are for employers at every level. When asked what… Read More February 6, 2020 Why CFOs Should Consider A Plan Administrator Many companies are outsourcing more and more activities, like plan administration, because outsourcing can provide cost savings and increase productivity. Outsourcing allows companies to focus more on their core businesses, rather than spending time on areas outside their expertise. For retirement plan sponsors, outsourcing services makes sense for these reasons as well as others. Reduced… Read More February 7, 2020 Retirement Plan Improvement By Having Employees Join Many organizations face the problem of increasing employee participation in their retirement plans. Participation is crucial to the success of the plan, and it improves employee retention and overall job satisfaction - but how can plan sponsors improve participation rates? Design: Your plan needs to meet the needs of your employees and your company. Employee… Read More April 24, 2023 Nonprofits: 4 Signs That Something May Be Awry Have you noticed dramatic spending variances from your nonprofit’s budget? What about declining donations? Don’t ignore these warning signs. Find out what’s causing them and tackle the underlying issues. Read More May 15, 2024 Businesses Must Face The Reality Of Cyberattacks Business owners: It’s likely only a matter of time before your company suffers some sort of cyberattack or cyber-related incident. But don’t give up hope, you can still protect yourself. Read More August 19, 2024 The Future of Philanthropy: An Update on Universal Charitable Deduction In an era where the landscape of philanthropy is rapidly evolving, one proposed change stands out for its potential to reshape giving in the United States—the universal charitable deduction. This concept, which has garnered significant attention from nonprofit leaders, philanthropists, and tax professionals alike, could democratize charitable giving and elevate the impact of donations across… Read More Load more Page 21 of 82« First«...10...1920212223...304050...»Last »
January 30, 2020 Executing Your Nonprofit’s Capital Campaign Nonprofit capital campaigns aim to raise a specific — usually, a significant — amount of money over a limited time period. Your not-for-profit may undertake a capital campaign to acquire land, buy a new facility, expand an existing facility, purchase major equipment or seed an endowment. Whatever your goal, a capital campaign can be grueling,… Read More
February 4, 2020 Benchmarking Financial Performance You already may have reviewed a preliminary draft of your company’s year-end financial statements. But without a frame of reference, they don’t mean much. That’s why it’s important to compare your company’s performance over time and against competitors. Conduct a well-rounded evaluation A comprehensive benchmarking study requires calculating ratios that gauge the following five elements:… Read More
February 5, 2020 Conflict-Of-Interest Policies Are Too Important For Nonprofits To Neglect Does your not-for-profit organization have a conflict-of-interest policy in place? Do your board members, trustees and key employees understand how the policy affects them? If you answer “no” to either (or both) of these questions, you have some work to do. A duty Nonprofit board officers, directors, trustees and key employees all must avoid conflicts… Read More
February 6, 2020 What Are The Responsibilities Of An Audit Committee? Before you jump headfirst into the year-end financial reporting process, review the role independent audit committees play in providing investors and markets with high-quality, reliable financial information. Recent SEC statement Under Securities and Exchange Commission (SEC) regulations, all public companies must have an independent audit committee or have the full board of directors act as… Read More
February 6, 2020 How To Gather More Feedback From The People You Serve According to the Center for Effective Philanthropy, practically all not-for-profits in the United States 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 they’d like or use it as well as… Read More
February 6, 2020 Accounting For Indirect Job Costs The Right Way Construction contractors, professional service firms, specialty manufacturers and other companies that work on large projects often struggle with job costing. Full cost allocations are essential to gauging whether you’re making money on each job. But some companies simply lump indirect job costs into overhead or fail to use meaningful cost drivers, thereby skewing their profit… Read More
February 6, 2020 Financial Wellness and Productivity: How are your Employees Affected? Employees worried about their personal finances are less productive, more distracted and are easier targets for poachers. While none of that is a revelation, a recent nationwide survey showed just how pervasive financial insecurity is in the workforce and how large the losses and potential risks are for employers at every level. When asked what… Read More
February 6, 2020 Why CFOs Should Consider A Plan Administrator Many companies are outsourcing more and more activities, like plan administration, because outsourcing can provide cost savings and increase productivity. Outsourcing allows companies to focus more on their core businesses, rather than spending time on areas outside their expertise. For retirement plan sponsors, outsourcing services makes sense for these reasons as well as others. Reduced… Read More
February 7, 2020 Retirement Plan Improvement By Having Employees Join Many organizations face the problem of increasing employee participation in their retirement plans. Participation is crucial to the success of the plan, and it improves employee retention and overall job satisfaction - but how can plan sponsors improve participation rates? Design: Your plan needs to meet the needs of your employees and your company. Employee… Read More
April 24, 2023 Nonprofits: 4 Signs That Something May Be Awry Have you noticed dramatic spending variances from your nonprofit’s budget? What about declining donations? Don’t ignore these warning signs. Find out what’s causing them and tackle the underlying issues. Read More
May 15, 2024 Businesses Must Face The Reality Of Cyberattacks Business owners: It’s likely only a matter of time before your company suffers some sort of cyberattack or cyber-related incident. But don’t give up hope, you can still protect yourself. Read More
August 19, 2024 The Future of Philanthropy: An Update on Universal Charitable Deduction In an era where the landscape of philanthropy is rapidly evolving, one proposed change stands out for its potential to reshape giving in the United States—the universal charitable deduction. This concept, which has garnered significant attention from nonprofit leaders, philanthropists, and tax professionals alike, could democratize charitable giving and elevate the impact of donations across… Read More