Financial and Risk Management

Anatomy of Nonprofit Financial Management

February 10, 2017 Read more

5 Habits to Avoid Nonprofit Legal Disasters

November 23, 2016

In the world of nonprofit law, disaster scenarios are common. For example, since 2010, approximately 550,000 organizations have had their tax-exempt status revoked for failure to file the Form 990 (or 990-EZ, or 990-n, where appropriate) for 3 consecutive years.

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6 Considerations for Non-profits Engaging in Business Activities

November 23, 2016

The past decade has been marked by the increasing commercialization of the non-profit sector. Faced with cutbacks in government funding and foundation grants, as well as dwindling private donations in the wake of the 2008 recession, non-profits have looked to other sources of revenue to make up the difference.

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Non-profit Reporting Requirements Present Traps for the Unwary

November 22, 2016

Running a non-profit organization requires managing a dizzying array of details under stressful circumstances, including overseeing staff and service providers on a limited budget, seeking donations and grants, and navigating the various personalities and preferences on the Board of Directors.

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Does Our “Donate Now” Button Require Charitable Registration?

November 22, 2016

Charities and other organizations that solicit charitable donations nationwide are required in most states to register with state charity offices pursuant to Charitable Solicitations Acts, unless they meet one of many state-specific exemptions or exceptions.

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Characteristics of Financially Healthy Nonprofits

November 22, 2016

Every director and board member of a nonprofit would like to have a large endowment, reserve cash in the bank, and a surplus at the end of every year. Unfortunately, most of us know that this might be a dream instead of reality. Without these tangible signs of financial strength, how can you know if your organization is financially healthy?

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