Nonprofit Form 990 red flags impact donor trust and reveal lack of due diligence. The 990 is a snapshot of how well an organization has complied with government regulations and what activities it has carried out to ensure it is upholding its mission.[Read more…] about What Form 990 Red Flags Reveal About Your Nonprofit
Nonprofit Fund Accounting
Nonprofit restricted assets refers to the management of net assets: net assets with donor restrictions and net assets without donor restrictions. In order to avoid unintentionally misappropriate funds, it is important to understand the practical management of restricted funding.[Read more…] about Nonprofit Restricted Assets: Best Advice for Managing Funds
Nonprofit stewardship means cultivating an ongoing relationship with a donor. Accountability is demonstrating to funding sources that funds were used for its donor designated purpose.[Read more…] about What Is Nonprofit Stewardship and Donor Designation?
What is a nonprofit statement of financial position report and how can it determine if a nonprofit is healthy financially?[Read more…] about Guide to the Nonprofit Statement of Financial Position Report
The Statement of Financial Position of net assets presents current revenue, assets, and liabilities for nonprofits. This is the key difference between for profit vs nonprofit accounting.[Read more…] about Nonprofit Net Assets and Statement of Financial Position Explained