Miscommunication between a nonprofit organization’s development and accounting departments often causes confusion, embarrassment, and may ultimately lead to financial problems. Therefore, nonprofits should take proactive steps to foster collaboration and cooperation between these two critical functions. Here are three tips to facilitate achieving this goal.Read More
A nonprofit’s accounting function is its financial backbone. Efficient accounting processes, along with sound controls to monitor them will position the organization on the right track for financial stability and growth.
Are you satisfied with your nonprofit’s accounting function? Does it seem less efficient than you think it could be? Here are some suggestions for improving this important piece of your operation.Read More
Having a retirement plan committee is not a legal requirement for plan sponsors. However, it’s considered a best practice. In the absence of a committee, by default the corporation itself becomes a fiduciary — an amorphous proposition. Should you consider forming a committee? Let’s take a closer look at the benefits.Read More
New York, NY— December 24, 2014 — Buchbinder Tunick & Company joined CAMBA’s Secret Santa Program this year and delivered holiday gifts to 25 children in CAMBA Gardens I, one of CAMBA’s supportive housing sites. Partners and staff at Buchbinder brainstormed ideas for gifts for boys and girls ages one to sixteen. They purchased and…Read More
New York, NY November 14, 2014 – Buchbinder Tunick was pleased to sponsor a photo booth at Rock & Rawhide’s second annual Black, White & Red Gala held on October 28, 2014. The event hosted 200 pet-lovers, including musicians and show hosts. The goal of the event was to raise money to provide a happy and…Read More
The New York State Legislature, recently passed the New York Nonprofit Revitalization Act (the “Act”). The passage of the Act represents the first major revision to New York State’s nonprofit law in more than forty years. The purpose of this document is to provide a brief overview of the changes brought about by the Act. …Read More