As the end of the year approaches, it is a good time to think of planning moves that will help lower your tax bill for this year and possibly the next. Year-end planning for 2018 takes place against the backdrop of new laws that make major changes in the tax rules for individuals and businesses. For … Read More
Local and national watchdog groups have played an important role in helping donors identify questionable non-profits for decades. However, the measurement standards have evolved since groups such as GuideStar, Charity Navigator, and the Better Business Bureau’s Wise Giving Alliance began issuing … Read More
Your non-profit’s mission is the core of your organization, and it is imperative that not only does your organization make an impact, but that it does so effectively and that the broader community understands this impact. Accountability allows for the work your non-profit does day in and day out to … Read More
Your organization likely develops financial statements internally throughout the years for your Board of Directors. This might include reports every month, quarter, or another cycle that your board prefers. Then, at year end, your auditors always propose adjustments. Why the consistent … Read More
It can be difficult for non-profit organizations to value non-cash and in-kind donations. There are several purposes for valuing donations including record-keeping or providing a value for charitable tax deduction. Either way, your non-profit’s tax needs will likely include valuing donations at … Read More
Risk management is important for every organization to integrate into their operating strategy. Insurance is the cornerstone of any risk management plan, including your non-profit organization’s financial plan. While insurance cannot protect your organization from every adverse situation, it is … Read More
Infographic: For 2018, the threshold for itemizing medical expenses is only 7.5% of AGI. … Read More
While it may be easy to attract motivated volunteers to your organization, it is much more difficult to transform that energy into a dedicated, long-term group of volunteers. And that evolution is worth it - Independent Sector, a non-profit advocacy organization, puts the value of the average … Read More
Non-profits use special events to raise large amounts in a short period of time. Most often, the donor receives a direct benefit from the event — such as dinner or participation in a gaming activity. But special events don’t always meet their fundraising goals. In fact, organizations can lose money … Read More
Non-profit board members are legally able to be compensated, and sometimes it might even be necessary. But is it right for your organization? Pro and cons to board compensation Board member compensation comes with several pros and cons to consider. One of the considerations for compensation … Read More