Nonprofit

5 Steps to Prepare for Your Nonprofit Audit

February 27, 2020

Does your nonprofit need to undergo an independent audit? Conducting independent financial audits may seem like a big endeavor to nonprofits working to control costs and focus on their mission, but with proper planning, it doesn’t have to be stressful. An independent audit allows your nonprofit to identify risks and act quickly to prevent problems,…

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Giving Tuesday: Why You Should Give Non-Cash Charitable Donations and Maximize Your Tax Benefits

December 2, 2019

Giving Tuesday is a great time to make a difference in your community and support your favorite causes by making charitable donations. Donating cash is a simple way to support charities, but there are other ways you can give. Did you know you can donate appreciated assets directly to charities? It can increase the impact…

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Tax Reform 2018 – Impact on Non-Profits

February 1, 2018

What you need to know: 6 Key Areas for Non-Profits Standard Deduction Standard vs. itemized deductions – Taxpayers have generally selected whichever method reduces their taxable income by the greatest amount. Under the new Act, the standard deduction has been increased from $6,350 to $12,000 for individuals and from $12,700 to $24,000 for couples. As…

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Is Compensating Board Members a Good Idea?

December 4, 2017

A common sentence overheard in the office of a nonprofit organization is “It’s so hard to find good board members. It’s going to be really difficult to fill these board openings.” If your organization struggles each time it needs to fill a board vacancy, and doesn’t always come up with the candidates it desires, it…

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How to Counter Your Vulnerabilities

April 7, 2017

Every organization is at risk of falling victim to costly acts of fraud. It makes no difference if the organization operates for profit or as a nonprofit. Nonprofits, though, have some common characteristics that can make them particularly susceptible to such schemes. Fortunately, you can help combat the risks to your nonprofit by implementing some simple controls.

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Mature Nonprofits Face Changing Priorities

February 15, 2017

There is a typical, standard life cycle that successful nonprofits follow. An early stage precedes a growth period that lasts several years, and is then followed by maturity. The maturity (or governance) stage usually begins when an organization reached its eighth year of existence. By that time, the nonprofit has established its core programs and earned a solid reputation in the community.

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