Recent News & Blog / Nonprofit
Control Expenses and Improve Efficiency by Monitoring Financial Ratios
In general, nonprofits should work with professional financial advisors to ensure they’re complying with the IRS’s rules for tax-exempt organizations and effectively managing budgets, endowments, and other financial functions.
Should Your Nonprofit Offer Staffers Dependent FSAs?
It’s no secret that robust benefits can help nonprofits attract and retain employees. One benefit you might not offer, but should consider, is a dependent care Flexible Spending Account (FSA).
How Your Nonprofit Can Promote Pay Transparency
Pay transparency is the policy of openly sharing an organization’s compensation philosophy, rules, and procedures with job candidates, current staffers, and the public.
Does Your Board Understand Fiduciary Duties?
“Fiduciary” is a term that gets thrown around a lot these days, but what does it really mean, and to whom should it apply? In general, fiduciary refers to the legal and ethical obligations of someone to act in the best interests of a beneficiary.
Employee or Independent Contractor? Why the Answer Matters for Your Nonprofit
Using independent contractors can save nonprofits money. With no long-term commitment, contractors pay self-employment tax rather than your organization having to pay the employer portion of employment taxes.
Nonprofits: Tax Rules for Holiday Gifts and Celebrations
Your staffers and volunteers have likely worked hard this year, seized opportunities, and overcame challenges in the pursuit of your nonprofit’s mission.
Fundraisers Should be Fun, but They Also Must be Profitable
If you’re planning a major fundraiser such as a dinner gala, you may be focused on the fun factors, such as the venue, menu, and entertainment.
Scrutinize That Grant Before You Accept It
Your nonprofit may invest valuable time and effort in its grant proposals, so it’s understandable that you’d be thrilled when proposals are given the green light.
A Better Way to Manage Donor Relationships
In many ways, customer relationship management (CRM) software has revolutionized how for-profit businesses interact with their customers.
Keeping Your Nonprofit Safe: New Tech Safeguards for New Tech Risks
Technology seems to change at the speed of light. Even a few years ago, many people had never heard of AI! Now, most nonprofits are exploring how AI can improve their operations and outcomes.