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.
Volunteers often accrue substantial expenses, which can have a negative affect on volunteer retention and recruitment. Many non-profits promote tax deductions to entice new donors, but does your organization use volunteer-related tax deductions to recruit and retain volunteers? Find out more.
There are important nonprofit deadlines to remember for organizations with a year-end of December 31, 2023. Read more for a complete list of due dates.
An exempt organization is required to file Form 990-T when it has $1,000 or more gross income from unrelated business. An organization must pay estimated tax if it expects its tax for the year to be $500 or more. Read the full article to learn more.
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.
There are several things you can do to ensure your non-profit is audit ready. It’s important to have tight internal accounting controls, organized financial processes and timely month-end closing and review of your financial statements. Find out more.