Nonprofits: 4 Ratios Worth Watching
To control your not-for-profit’s expenses and improve operating efficiency, you need to keep an eye on the numbers. This should come as no surprise. But which measures are important? Which […]
Category: Nonprofit
Make a Fraud Recovery Plan Now, Before Your Nonprofit Is Defrauded
According to the Association of Certified Fraud Examiners (ACFE), not-for-profit organizations make up 9% of all defrauded organizations. Such attacks — and losses — can be enough to destroy a […]
Make Your Nonprofit’s Auction a Success by Following IRS Rules
Whether your not-for-profit is holding an in-person or online auction to raise funds, you need to be careful to adhere to tax requirements. For example, you should provide written acknowledgments […]
Data Analytics Is More Accessible Than You Might Think
Data analytics is the science of collecting and analyzing sets of data to develop useful insights, connections and patterns that can lead to better informed decision making. It can be […]
Are Your Accounting and Development Departments Like Oil and Water?
When Accounting and Development teams don’t work well together, the situation can lead to more than employee hostility and conflict. It can affect the not-for-profit’s financial statements and lead to […]
Publicly Supported? Passing the Test
Unless 501(c)(3) organizations prove they’re publicly supported, the IRS assumes they’re private foundations. The distinction is important, because publicly supported charities enjoy higher tax-deductible donation limits and generally are exempt […]
Why You Should Connect with Giving Circles
Giving circles — generally small groups of people who make a charitable impact by pooling their money — are growing in popularity. If your not-for-profit isn’t already actively appealing to […]
Give Your Organization’s Members a Reason to Renew
When inflation is high, it’s common for people to cut expenses by deciding not to renew subscriptions and memberships. For charities and associations that depend on membership fees, this trend […]
A Refresher on Nonprofit Endowment Management
If your not-for-profit has an endowment, you probably know it’s a major responsibility. Endowment investments generally need to be managed by a financial expert, and your organization must adhere to certain […]
Valuing Tangible Property Donations Isn’t as Simple as You May Think
A new refugee resettlement charity had only just begun operating when its director realized something: She wasn’t sure how to value the many donations of clothing and household goods community […]
Even Perfectionists Can Learn to Love Delegation
Not-for-profit executives can be perfectionists — they often know exactly how they want something done and believe they’re the only ones capable of doing it right. Unfortunately, this attitude can […]
COVID Widened Cracks Already Present in Nonprofits
HW&Co.’s Helen Weeber, CPA, was featured in the following article by Cecilia Yontz in this week’s CPA Takeaways, from the Ohio Society of Certified Public Accountants. Nonprofit organizations with […]
