According to recent data from McKinsey and Company, 78% of organizations use artificial intelligence in at least one business function. There is little doubt that this emerging technology has caught fire and is spreading quickly through both the business and nonprofit worlds. If you’ve wondered … Read More
If your nonprofit has primarily relied on baby boomers for its fundraising, it’s time to broaden your approach. While Boomers remain the largest donor demographic, younger generations are gaining ground fast. Generation (Gen) X, millennials, and Gen Z are already making an impact through their … Read More
According to a recent economic forecast, the likelihood that a recession will occur in the next 12 months has been steadily declining. However, a potential recession is not the only economic crisis that nonprofits need to be leery of in the current climate. A recent trend of major federal budget … Read More
As a long-time dedicated board member of her city’s most recognized social-services charity, Emily violated an IRS rule that prohibits excess benefit transactions. The social-services charity wanted to purchase land from Emily at a price that was valued higher than nearby properties. Although Emily … Read More
After conducting a California nonprofit audit, you learn your organization is in a strong financial position to consider broadening its reach internationally. Charitable organizations help nations improve society, from housing the homeless to finding new ways to use sustainable products. Although … Read More
Artificial Intelligence isn’t only about computers performing complex tasks without human input. The AI umbrella covers multiple technologies, including machine learning, natural language processing, and robotic process automation. These tools—and others like them—help all sorts of organizations, … Read More
Providers of California nonprofit audit and tax services recommend you reimburse employees and staffers for work-related expenses. Accountable plans are one such tool you can use to reimburse expenses free of federal income and employment taxes. Maximize your financial strategy with accountable plan … Read More
Increasingly, nonprofit organizations are adapting a new financial tool from the nonprofit world. Experts call these “financial dashboards,” and they are intended to track your company’s progress towards achieving its goals. Dashboards can also be used to take stock of your nonprofit’s current … Read More
Recently, the Federal Reserve announced a major change to the Main Street Lending Program, which is worth $600 Billion. Before the COVID-19 pandemic, only for-profit businesses with more than 100 employees could benefit from this government capital program. However, the Fed is now accepting … Read More
When times are tough, nonprofits rely on their board of directors for leadership more than ever. Unfortunately, not every nonprofit board is equipped to lead well in a crisis. They might not have enough people, or lack the knowledge and experience that is needed to meet the latest challenge. If your … Read More