Nonprofits: How to Acknowledge Donor Gifts By: Helen Weeber Holiday-inspired generosity and the desire to reduce tax liability makes the end of the year a busy time for charitable giving. According to Network for Good and other sources, approximately […]
Your Nonprofit Board Must Remain Vigilant as Long as the Crisis Continues By: Helen Weeber It’s been a tough year for not-for-profits. Many have experienced an increased demand for services just as revenues have plummeted. Until the COVID-19 pandemic is over, your organization’s board of […]
Why Your Nonprofit Must Make Time for Accountability By: Helen Weeber “Accountability” may seem like one of those popular management concepts you know would be nice to implement if your not-for-profit had the time and budget. But not only is accountability […]
Candid Communication Can Help Ease Nonprofit Staffers’ Anxiety By: Helen Weeber It would be an understatement to say 2020 has been challenging. Leaders of not-for-profits still standing are justified in worrying about strained budgets and their ability to deliver on their […]
Should your nonprofit accept that new grant? By: Helen Weeber Current financial pressures mean that your not-for-profit probably can’t afford to pass up offers of support. Yet you need to be careful about blindly accepting grants. Smaller nonprofits that don’t […]
Financial reporting for nonprofits that have teamed up By: Helen Weeber Not-for-profits sometimes team up with other entities to boost efficiency, save money and better serve both organizations’ constituencies. This can be a smart move — as long as your accounting […]
Appealing to the next generation of supporters By: Helen Weeber Factors such as wealth level, education and even whether people volunteer, probably will tell you more about potential donors than their generation. But some broad generalizations about age can help […]
The latest news on nonprofit fraud is here By: Tony LaNasa Every two years, the Association of Certified Fraud Examiners (ACFE) publishes what has become the definitive guide for preventing and detecting workplace fraud. The recently released Report to the Nations: […]
To survive the current crisis, your nonprofit needs multiple revenue sources By: Helen Weeber One of the strongest predictors of a not-for-profit’s long-term survival is multiple revenue streams. Many organizations with only one or two found that out that the hard way when they […]
When nonprofit contributions are quid pro quo By: Helen Weeber Charitable contributions aren’t always eligible for tax deductions — even when the not-for-profit recipient is tax exempt and the donor itemizes. Take “quid pro quo” donations. These transactions occur when […]
Nonprofits get guidance on audit requirements By: Helen Weeber For nonprofit organizations, federal funds can be subject to single audit requirements under the OMB Uniform Grant Guidance. The SBA recently provided the following guidance for nonprofits receiving SBA funds […]
Here’s how to handle gifts in kind and donated services By: Helen Weeber As unemployment and financial insecurity become widespread during the novel coronavirus (COVID-19) crisis, many not-for-profit donors find themselves unable to provide monetary support to favorite charities. Instead, your organization may […]