Financial statements provide a clear picture of a not-for-profit organization’s financial health. Read more to find out what's included in a complete set of financial statements for a not-for-profit organization.
There are several things organizations can do to ensure their non-profit is audit ready. Organizations should have tight internal controls, organized financial processes, and timely month-end closing and review of financial statements. Read the full article to learn more.
Nonprofit organizations must emphasize financial transparency and responsibility to maintain trust among stakeholders, donors, and the general public, thereby advancing their mission to positively influence the community. Learn more by reading the full article.
Nonprofit boards are legally and financially responsible for the operation of the organization for which they serve. The use of committees can be an effective and efficient way for a nonprofit board to perform its work and help an organization be the best it can be. Learn more about the guidelines surrounding board committees.
Charitable solicitation licenses (“CSLs”) are a necessity for any organization that solicits the public for contributions or donations to support a charitable purpose, unless specifically exempt by law. Read more for a list of exemptions if required to file or renew in North Carolina.
Non-profit organizations often rely on in-kind donations of various types to carry out their mission. Should these in-kind donations be recorded in your accounting records? Find out more.
There are many risk management strategies to safeguard sustainability of a nonprofit organization, one of which is succession planning. Succession planning is a duty of the board of directors and management of a nonprofit. Read more.
Making sure to keep up with pledges and grant receivables will allow management and the board of directors to clearly see the financial status of the Organization. Find out more by reading the full article.
Nonprofit Bylaws are an important component to helping a nonprofit organization run smoothly, as they provide a guide for both employees and the Board of Directors. Learn more.
Board Members are responsible for maintaining the integrity of an organization and finding the right board members is vital for the organization to effectively serve its purpose. Learn more.
