January 6, 2021 Valuing Noncash Donations: A Cheat Sheet Many not-for-profits experience a flood of last-minute donations at the end of the year. Although cash is easy to value, … Read More
December 30, 2020 Nonprofit Endowments Require Knowledge and Resources If the events of 2020 have taught not-for-profits anything, it’s that financial reserves are essential to long-term survival. An endowment … Read More
December 22, 2020 Congress Passes Consolidated Appropriations Act of 2021 Learn about the key tax provisions for individuals and businesses included in the Consolidated Appropriations Act of 2021. Read More
December 16, 2020 Put Your Company’s Financial Statements to Work For You It’s almost time for calendar-year businesses to prepare their year-end financial statements. If used correctly, these reports can be a … Read More
December 16, 2020 Nonprofit Boards Must Remain Vigilant as Long as the Crisis Continues It’s been a tough year for not-for-profits. Many have experienced an increased demand for services just as revenues have plummeted. … Read More
November 30, 2020 Principles To Guide Your Nonprofit’s Relationship With Donors In 1993, a consortium of philanthropic organizations came up with the Donor Bill of Rights to guide not-for-profits in their … Read More
November 20, 2020 Annual Plan Audit: An Auditor’s Perspective Does your plan require an annual audit? If your eligible participant count (including terminated employees who maintain an account balance) … Read More
November 19, 2020 Smart Nonprofit Leaders Know How To Delegate Delegation ideally gives not-for-profit executives time to focus on mission critical tasks and provides growth opportunities to staffers. However, you … Read More
November 12, 2020 How Much Insurance Does Your Nonprofit Need to Mitigate Risk? A warning if your not-for-profit organization is looking for expenses to cut: Don’t skimp on insurance. Should your nonprofit experience … Read More
November 6, 2020 Nonprofits: Internal Audits Still Matter Fraud doesn’t simply take a vacation during crises, such as the COVID-19 pandemic. If your not-for-profit’s internal controls aren’t effective, … Read More
October 26, 2020 Best Practices When Forecasting Cash Flow Cash flow is a top concern for most businesses today. Cash flow forecasts can help you predict potential shortfalls and … Read More
October 21, 2020 Why Your Nonprofit Must Make Time for Accountability “Accountability” may seem like one of those popular management concepts you know would be nice to implement if your not-for-profit … Read More
