In all of my experience setting up bookkeeping and accounting systems for private business and non-profit entities, the most common mistakes I encounter occur most often due to a misunderstanding of the financial needs of the organization and how these read more…
Boards and Governance Category
Bookkeeping Fundamentals for Non-Profits Part One: Lining Up Your Bookkeeping Team
Tuesday, January 27th, 2009Deductions for Donations from Tax-Deferred IRAs
Tuesday, January 20th, 2009One potential source of contributions sometimes overlooked in charities’ fundraising campaigns is donations of assets from individual retirement accounts. Under the Pension Protection Act of 2006, eligible donors can get a tax break on these contributions if all the IRS read more…
5 Ways to Protect Yourself and Your Young Nonprofit From Legal Liability
Friday, January 16th, 2009In a perfect world, social entrepreneurs would be immune from lawsuits and left free to pursue their worthy goals. Unfortunately, this is not the case. Nonprofits are subject to most of the same laws that apply to regular companies. Nonprofits read more…
501(c)(3)–The right path for your organization?
Wednesday, January 14th, 2009As a forward thinker with a vision to better society, there’s no time to be bogged down by an administrative process. Sometimes the road to obtaining 501(c)(3) status is long and expensive. It’s important to know whether or not read more…
Alternatives to Downsizing
Monday, January 12th, 2009Alternatives to save your non-profit money and help avoid giving out pink slips.
The first and foremost reason why layoffs occur is to save money. In the non-profit world, funding is often dependent on a contract, a grant, donations, or read more…
