For nonprofit organizations that depend on membership fees providing them with a reason to renew for revenue, drumming up support for memberships and subscriptions in 2023 has emerged as one of the most difficult challenges for managers. With inflation remaining the wrench thrown into the economy, … Read More

Nonprofit organizations operate on razor-thin budgets. They have to raise enough money to afford funding outreach programs, as well as sponsor special events that raise awareness of their worthy causes. Protecting your nonprofit could be considered the smartest agenda to budget for. Budgeting for … Read More

As one of the managers responsible for your nonprofit’s tax and accounting reports, you understand the implications of making errors on a wide variety of statements. Just a few Tax errors with a tax form, one mistake on a balance sheet, or one oversight for a reconciliation statement, and your … Read More

The COVID-19 pandemic created an economic firestorm that many nonprofit organizations have discovered to be difficult to put out. High inflation has taken a bite out of the budgets of nonprofit organizations and many nonprofits must fill a record number of job openings caused by an acute labor … Read More

Accountability is a term used by nonprofit organizations, but what does the term mean? It means taking responsibility for actions and outcomes. Operating with a keen sense of accountability into practice helps nonprofit managers discover solutions to difficult problems, instead of avoiding them. … Read More

Achieving tax-exempt status for your nonprofit organization is a vital element of meeting your goals. Without tax-exempt status, your cash flow takes a hit because of the payments your nonprofit must make to the IRS. Maybe you forgot to file Form 990. 990-EZ, or 990-N with the IRS before the … Read More

When you glance at your car’s financial dashboard, you see plenty of useful information that helps you operate the motor vehicle, such as how fast you are traveling, how far you have traveled, and how much fuel you have before you need to stop at a fuel station. A dashboard resembles a car dashboard … Read More

Working at promoting your nonprofit organization is a highly energetic experience. Organizing fundraisers, recruiting volunteers, and interacting with donors make the commitment to a cause worthwhile. However, there is one obligation that can be viewed as an unpleasant task. We are talking about … Read More

Donors with charitable hearts do not donate to their favorite causes just to take advantage of charitable givers and tax breaks. It is the financial health of the charity that matters, as well as the mission the charity wants to accomplish. However, charitable donors should understand the tax … Read More