Charity Scams: A Small Business Perspective
Many businesses help their communities by donating to local charities. Although many nonprofits merit your support, some exist expressly to facilitate fraud. How do you avoid the latter? Before you […]
Category: Nonprofit
Nonprofits: Take Another Look at Inflation Reduction Act Tax Breaks
When the Inflation Reduction Act (IRA) became law in late 2022, you might have assumed that the tax breaks it contained wouldn’t affect your tax-exempt organization. That’s not the case. […]
Making the Most of Your Nonprofit’s Social Media Accounts
When was the last time you examined your non-profit’s social media strategy? Are you using the proper platforms in the most effective way for your mission, audience, and personnel resources? […]
Making a Nonprofit Mission Drift Official
Mission drift is common in non-profit organizations, especially those that have been operating for a long time. Your local community has most likely evolved, the needs surrounding your mission may […]
Plan Now to Reimburse Staffers, Board Members and Volunteers
Even if your nonprofit rarely has to reimburse employees, board members, or volunteers, reimbursement requests will likely arise at some point. Do you know how to reimburse stakeholders for expenses […]
Arm Your Nonprofit Against Financial Threats
Whether it’s inflation, trouble finding staffers in a tight labor market or cybersecurity, nonprofit leaders have a lot to worry about. If making financial forecasts is more difficult than usual, […]
Internal Hiring Can Help Fill Your Nonprofit’s Open Job Positions
In January 2024, the US economy created 353,000 new jobs. For the past two years, the unemployment rate has been below 4%, now at 3.7%. Although this is generally good […]
Encouraging Charitable Donors to Include You in Their Estate Plans
Even if current donations are your nonprofit’s bread and butter, you can’t afford to ignore planned, legacy, or deferred gifts. In Giving USA’s The Annual Report on Philanthropy donations from […]
3 Tips for Making the Financial Statement Audit Process Smoother
Nonprofits are not required to provide audited financial statements. However, audited statements are more likely to reassure large donors and grant makers about your financial stability, and they are typically required […]
Why Uncertainty Calls for a More Flexible Budget
Economic, social and political events in 2024 have the potential to negatively influence your not-for-profit’s budget. So if you generally prepare static budgets well in advance of each fiscal year, […]
When Are Sponsorship and Advertising Payments Subject to Tax?
Sponsorship and advertising dollars can significantly increase the income of your nonprofit. However, if sponsors or advertisers are provided a “substantial benefit”, or if providing perks is not a related business activity, you […]
Employing the Personal Touch for Last-Minute Fundraising
As 2024 quickly approaches, your nonprofit is most likely immersed in last-minute fundraising. After all, studies have shown approximately 25 % of all giving occurs in December and taxpayers who […]
