Recent News & Blog / Nonprofit
Managing staff rumors about your nonprofit’s financial condition
Funding cuts, donation dips and general economic uncertainty may have you struggling to keep your nonprofit afloat. The last thing you need is rumormongering among your staff.
Nonprofits, the search is on: Finding an independent auditor
Even if your not-for-profit isn’t legally required to obtain independent audits, such audits can enhance financial transparency, increase accountability and help you build trust with your stakeholders. But how do you find a truly independent auditor?
Nonprofits: Grant proposals in the age of AI
With fewer federal grants available to not-for-profit organizations, the competition to qualify for funding — from all sources, including foundations — has become more intense.
Pinched nonprofits may want to free up board-designated assets
In general, nonprofits can’t use restricted assets for purposes other than those specified by the original donor. Board-designated assets (or board-designated funds) are another matter.
Using your nonprofit’s endowment to navigate financial obstacles
Even not-for-profits that make realistic budgets and hold adequate funds in reserve to cover shortfalls can run into financial emergencies — particularly if they lose a major funding source.
The OBBBA: What it means for nonprofits
New tax legislation contains both good news and bad news for nonprofits. We highlight several OBBBA provisions that may affect your organization. Contact our nonprofit advisors with questions.
How to keep cost cutting from increasing fraud risk for your nonprofit
If your nonprofit must cut costs, be careful not to slash funding for fraud prevention. Fraud losses can be devastating, and expenditures for cybersecurity and outsourced accounting are recommended. Contact our nonprofit advisors for more.
4 tips to help nonprofits prevent accounting and tax errors
If your nonprofit doesn’t engage accounting and financial professionals, mistakes are likely to happen. These are four common errors that can cause big problems for nonprofits that try to go it alone. Contact our nonprofit consultants for more assistance.
Give members reasons to continue supporting your nonprofit
Don’t just stand by if your nonprofit’s members aren’t renewing or automatic monthly donors are dropping off. Give stakeholders reasons to support you even if they’re concerned about economic uncertainty. Conduct new ways to communicate the valuable benefits of supporting your nonprofit.
Nonprofits: Get the word out about IRA qualified charitable distributions
Qualified charitable distributions (QCDs) have been beneficial for donors and nonprofits for almost 20 years. Enhancements in the SECURE 2.0 Act have made QCDs even more appealing, but you may need to educate your supporters about them. Contact the CPAs and nonprofit advisors at SEK to learn more.