Please pardon our mess. We are in process of updating content to ensure you have the most up to date information available. For the next few months you may find fewer articles than usual.
Not surprisingly, many nonprofit board members do not fully understand financial statements—despite the fact that understanding those statements is key to good governance.
One question I frequently ask nonprofit organizations I speak to is, “What processes are in place for identifying, responding to, and monitoring fraud risks?” Most times, the response describe
An organization's financial plans should include budgets for operations and for capital. Together these comprise what I refer to as an Organizational Budget.
While some organizations view office space as a place to house employees, forward-thinking nonprofits understand office space is a tangible extension of their missions, and a critical tool for mark
Throughout the year, nonprofit organizations review their processes for improvement, cost savings, and areas where they can create greater operational efficiencies.
Reserves have been a topic long debated amongst management and boards alike. What are reserves? What’s so important about reserves? How much is enough? These are hard questions to answer.
In a previous article, we described the importance of including multiple internal stakeholders when selecting and implementing an Association Management System (AMS).
Internal Controls for Medium and Large Non-Profits-Part II, which is presented by Shawn Miller of Calibre CPAs, continues the discussion relating to controls that can be implemented to mitigate the
A familiar scenario has played out month after month for many nonprofit organizations during this prolonged period of financial uncertainty, remote work, and virtual programs and meetings.
If you’re like most nonprofit leaders, you may have considered or even taken steps towards evaluating financing alternatives for your nonprofit organization.
The term “outsourcing” can have negative connotations, but for many nonprofit organizations it can be an effective tool to help move the organization forward.