Nonprofit finance committee best practices start with understanding the committee’s role in maintaining financial stability and accountability. More than just reviewing financial statements, the finance committee helps shape strategy, supports
Accurate timekeeping practices are essential for non-profits. Most organizations are often juggling multiple programs, funding sources, and staffing structures simultaneously. Certain records are required to be kept under federal and
”Accountability” isn’t just the latest management buzzword. When put to good use and properly embraced, accountability can actually help transform an organization. Fostering a proactive mindset that anticipates challenges and
For most non-profit organizations, love of financial management is not at the core of the organization. However, financial oversight easily becomes increasingly complex and critical as an organization grows. If
For your non-profit organization, tension between accounting and developmental teams can have real financial consequences. Compliance, financial reporting, and even grant funding can all be affected by misaligned processes and
Most non-profit leaders often assume that enterprise risk management (ERM) is only for large organizations, as they often need it and can better afford it. However, ERM doesn’t have to
Clothing, household goods, artwork, and equipment are just a few examples of tangible property donations non-profits often receive. Valuing tangible donations, however, is not always straightforward. Challenges for accurate financial
This year, your non-profit board will likely face many difficult questions. Among economic uncertainty, how do you secure donor confidence? Is artificial intelligence technology to be trusted? If yes, how
External economic pressures are currently at the forefront of focus for many non-profit leaders as interest rates, federal funding cuts, and the cost of living all continue to be a
There are many benefits to data analytics if they’re used thoughtfully. For an organization, choosing the right non-profit data analytics to track and measure can help streamline operations, strengthen impact,
