Financials for nonprofits require an in-depth understanding of the sector as well as exposure to some of the challenges that make it so unique.
[Read more…] about 8 Reasons Why Financials for Nonprofits Are More Difficult than For-ProfitsNonprofit Fund Accounting
Nonprofit Financial Transparency: Best Ways to Build Donor Trust
Nonprofit financial transparency is essential, both legally and ethically, for building trust and accountability to funding sources.
[Read more…] about Nonprofit Financial Transparency: Best Ways to Build Donor TrustRestricted Donations: Real World Answers on Expenses
Nonprofits sometimes get caught up with donor restrictions imposed on donations and how to use these funds to pay expenses. What is the best way to pay expenses using donor restricted funds and remain compliant?
[Read more…] about Restricted Donations: Real World Answers on ExpensesWhat Form 990 Red Flags Reveal About Your Nonprofit
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 NonprofitNonprofit Restricted Assets: Best Advice for Managing Funds
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