The main difference between for-profit and nonprofit accounting is that for-profit businesses operate under the principles of profit and loss, while nonprofits operate under the principles of social welfare.
[Read more…] about Nonprofit vs For-Profit Accounting: What Is the Difference?IRS Form 990
Form 990: Guide to Filing Instructions for Nonprofits
Nonprofits are required by the IRS to file an annual financial information return called the Form 990. This guide provides form 990 filing instructions by breaking down the who, what and why.
[Read more…] about Form 990: Guide to Filing Instructions for Nonprofits5 Tips to Accomplishing Your Nonprofit Fundraising Goals
Fundraising can be a stressful process, and the idea of setting nonprofit fundraising goals for yourself may be intimidating. Charitable giving backs the majority of your nonprofits’s programs and initiatives. Therefore, it’s likely one of the top priorities for your organization.
[Read more…] about 5 Tips to Accomplishing Your Nonprofit Fundraising GoalsGuide to the Nonprofit Statement of Financial Position Report
What is a nonprofit statement of financial position report and how can it determine if a nonprofit is healthy financially?
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