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.
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.
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.
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.
