Fund accounting tracks revenue and expenses, demonstrating accountability to funding sources. Understanding nonprofit fund accounting ensures proper stewardship of funds. Let’s take a deep dive into what is fund accounting.
[Read more…] about What is Fund Accounting: Guide to Proper Stewardship of FundsNonprofit Accountability
Restricted 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 NonprofitBuilding a High-Impact Nonprofit Board: 4 Tips for Nonprofits
Your nonprofit board is made up of passionate individuals who want the best for your organization and will do everything in their power to get you there. Having an effective decision-making board can strengthen a nonprofit in many ways.
[Read more…] about Building a High-Impact Nonprofit Board: 4 Tips for NonprofitsNonprofit Accountability: How Charity Watchdogs Impact Donations
How do charity watchdogs influence donations? Without proper controls and accountability, your nonprofit may be forced to shut down.
[Read more…] about Nonprofit Accountability: How Charity Watchdogs Impact Donations