The Cornerstone of Financial Stability: Accounting System Setup and Data Health for Nonprofits
For nonprofits, every dollar is mission-critical, and every decision impacts lives. The finance team shoulders immense responsibility to make sure [...]
How ASC 958-205 and UPMIFA Enhance Endowment Transparency
Endowments are incredible tools for financial sustainability. But some of the reasons endowments are so valuable also create reporting and [...]
Financial Reviews vs. Financial Audits: Making the Right Choice for Your Nonprofit
Most nonprofit organizations work with a firm to do their annual financial audit. But some organizations might benefit from a [...]
How Nonprofits Can Manage Cash Flow During Financial Challenges
When times are good, knowing your cash flow can help you find opportunities for investment. But when your organization faces [...]
Build Trust by Integrating Your Fundraising and Finance Systems
Integration is a hot term these days. As we see more of our processes move from paper files and folders [...]
What Every Nonprofit Needs to Know About Financial Audits
The term “audit” tends to strike fear into the hearts of organizational leaders and individual taxpayers alike. Most likely, the [...]
Don’t Make These Common Mistakes When Filing Your Form 990
Your tax-exempt status may keep you from having to file traditional tax returns, but maintaining the designation comes with its [...]
How to Evaluate a New Revenue Stream
You see the writing on the wall. Your revenue is overly dependent on a handful of major donors or a [...]
How to Develop Your Nonprofit Operating Reserves
There is no single correct solution – one size simply does not fit all when it comes to setting the amount for operating reserves.
Return on Mission: A Framework to Measure Success at Philanthropic Organizations
As a nonprofit organization, which factor do you believe best showcases the success of your mission? As with many multiple-choice [...]
