For most charitable gifts, the ability to qualify for a tax deduction hasn’t changed with the passage of the Tax Cuts and Jobs Act. However, there are some changes to the recordkeeping requirements. Understanding these changes, and being able to help those donors who itemize deductions navigate … Read More
For many nonprofits, their annual report is a multi-team project that takes a good deal of time, effort, and coordination - and for good reason. The annual report is not only an opportunity to check the pulse of the organization, but also to display to its many stakeholders the hard work the … Read More
Do you know how to evaluate the use of your nonprofit’s funds and the target ranges for these metrics? Though sound financial management may not be front and center in your nonprofit’s mission, it is essential for ensuring the integrity of its programs and services. One of the benefits of nonprofit … Read More
As any provider of nonprofit audit services will tell you, it is ideal to have a diversity of funding sources. When your nonprofit can rely on multiple types of funding, your more likely to avoid budget shortfalls and better positioned to expand your services as you need. Cause marketing is an … Read More
Many well-intentioned donors may wish to give “restricted” gifts, or gifts that are conditional or tagged for specific purposes, such as for the the development of a specific program or initiative. Unrestricted giving, however, can offer a flexibility that often better serves the organization the … Read More
For many non-profit organizations, grant money is fundamental to their funding model and securing those grants can be an anxiety-inducing task. Not only are the stakes high, but also there is often stiff competition for the same money. For these reasons, it is important to prioritize a consistent … Read More
An important part of every non-profit’s financial safety net is its operating reserve, which is an unrestricted and relatively liquid part of its net assets. Care should be taken to ensure this reserve is maintained, as it is a primary remedy in the event of an emergency or budget shortfall, and the … Read More
Unemployment costs can be a significant line item for nonprofits, however, it may be costing you more than it needs to. There are two strategies that your non-profit can use to be sure you are only contributing the amount of unemployment insurance that is necessary. And though the process may seem … Read More
The motivations behind American giving have been as varied as they are opaque. From various financial motivations to individual, social, or community level motivations, understanding what motivates donors and how these vary across demographic groups can help your non-profit more effectively reach … Read More
Mistakes happen - managing a non-profit is too complex for there not to be. Some errors are harder to fix than others, and it’s important to focus on minimizing potential mistakes that would cause your non-profit to lose precious financial resources. This includes accurately managing … Read More