Put Your Non-Profit’s Ethics In Writing
Even if you’re confident that your organization operates with integrity, adopting a code of ethics can provide several benefits: It can help prevent fraud, guide the decision-making of staffers, and
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Tag: Non-Profit
Leveraging Shared Space Could Mean Reduced Costs & Other Additional Benefits
If your non-profit is looking for significant ways to reduce costs, one of the best ideas to consider is to target your workspace. Sharing an office or other facility can
The Role Of Board Independence Goes Beyond Conflicts Of Interest
Are the members of your non-profit’s board independent? Your immediate response is probably, “Of course!” However, contrary to what many non-profit leaders and staffers might think, board independence goes beyond
Preventing Staffer Abuse With Work-Issued Credit Cards
Let’s say one of your non-profit’s employees makes significant personal purchases on a credit card you’ve provided for work-related expenses. The outcome seems relatively straightforward: The individual is fired and
Spread The Word About IRA Qualified Charitable Distributions To Donors
The SECURE 2.0 Act made some enhancements to IRA qualified charitable distributions (QCDs) that may benefit your non-profit organization — so long as donors know about them. You can encourage your
Increasing Focus & Productivity During Non-Profit Board Meetings
According to non-profit BoardSource, non-profit boards that meet monthly should be able to cover all matters in one to two hours. If your board meetings last longer, they may be
Non-Profits: Understanding Taxation On Debt-Financed Income
If your non-profit has investment income, dividends, interest, rents, and annuities, they’re generally excluded when calculating unrelated business income tax (UBIT). However, income from debt-financed property typically is taxable. To
Welcoming & Properly Accounting For Charitable Pledges
There is a relatively simple difference between financial pledges and donations: Pledges are promises to donate sometime in the future, and donations provide immediate support for your non-profit organization. What’s
Key Distinctions Between Non-Profit & For-Profit Accounting
You may know the difference between non-profit and for-profit accounting systems, but do your newest employees and board members? Non-profits and businesses share certain similarities. For example, both must carefully
No Strings Attached: Navigating Restricted Gifts & Donations
Brad, the development director of an international environmental charity, was thrilled to learn that one of the charity’s past supporters was promising to make a new, six-figure donation. The catch,