Annual, pre-scheduled financial statement audits is essential to demonstrating your organization’s commitment to financial fitness to donors and other stakeholders. In addition, they may be mandated by state governments and
While conflict-of-interest policies are essential for all non-profit organizations, it’s imperative for private foundations to exercise heightened caution in their adherence. Foundations are subject to more stringent regulations in general.
Outsourcing HR is increasingly more common among employers. According to ZipDo, a software company, approximately one-third of U.S. employers now choose to outsource at least one HR function. Certain HR
Volunteers are an invaluable asset to most non-profits because, without their dedication and commitment, your organization might not have accomplished as many successes! However, like your paid staffers, volunteers represent
When organizing a special fundraising event, tax reporting might not be your top priority. However, it’s crucial for your non-profit to diligently monitor revenues, expenses, and keep relevant documentation to
In the early days of cryptocurrency, when it was still a relatively new and unfamiliar concept, many non-profits chose not to accept donations in this digital form. However, as time
Many non-profits naturally develop a distinct culture as they evolve, which ultimately shapes their identity. However, even if your organization boasts a track record of success and a reputable standing,
Despite your non-profit’s possibly lackluster recent fundraising efforts, just one high-net-worth donor can transform your year and make it a fundraising success. Therefore, the question is: How do you reach
Public charities, or 501(c)(3) organizations, depend on support from multiple public sources, including individuals in their communities. Therefore, if your non-profit isn’t frequently communicating (and via the right channels) to
If your non-profit sets performance objectives, which is recommended for most organizations, it’s essential to have benchmarks in place to assess your progress. Initially, your staff members and board may
