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.
Volunteers are an integral part of many nonprofit organizations. Each task given to a volunteer should be met with some form of training. Training will enable the volunteers to better understand and work more efficiently for the organization. Read the full article to learn more.
There are important due dates that may be applicable to nonprofit organizations with a year-end of June 30, 2024. Click above to review the full list of due dates.
Nonprofits, by definition, exist not to make money, but to fulfill one of the exempt purposes recognized by federal law: charitable, educational, scientific, or literary. The idea that a nonprofit cannot make a profit simply isn’t true. Read the full article to learn more.
Raffles are commonly used by nonprofit organizations to raise funds to fulfill the mission of their organization. Each state has legislation regarding the number of allowed raffles and the limits for the value of raffle prizes. Read the full article to learn more.
With the arrival of spring, many are taking a fresh, clean approach to their daily routines. Nonprofits should not be excluded. Read the full article to review some nonprofit spring-cleaning tips to get you started.
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.
Not-For-Profit Organizations have a number of options when it comes to generating revenue, but fundraising is generally the easiest. Making sure the organization is properly accounting for special event fundraising revenues and expenses is an important step in planning your next event! Learn more.
An active and engaged board is important in safeguarding charitable assets and furthering an organization’s mission. The treasurer and finance committee performing a monthly review of the organization’s finances is vital in keeping the board informed. Learn more by reading the full article.
