In 1993, a consortium of philanthropic organizations developed the Donor Bill of Rights to guide non-profits in their interactions with financial supporters. For the most part, the basic principles remain
It has been a tough year for non-profits. Many have experienced an increased demand for services just as revenues have plummeted. Until the COVID-19 pandemic is over, your organization’s board
Delegation ideally gives non-profit executives time to focus on mission critical tasks and provides growth opportunities to staffers. However, you need to approach delegation strategically. This means assigning the right
Does anyone actually read footnotes? If they are financial statement footnotes, the answer is usually “yes.” Footnotes can provide donors, governmental supporters, and other stakeholders with critical information about your
Fraud does not simply take a vacation during crises, such as the COVID-19 pandemic. If your non-profit’s internal controls are not effective, crooked individuals can find ways to exploit them
A warning if your non-profit organization is looking for expenses to cut: Do not skimp on insurance. Should your non-profit experience a fire, major theft, or other catastrophe, you will
‘Accountability’ may seem like one of those popular management concepts you know would be nice to implement if your non-profit had the time and budget. Not only is accountability essential
In this pandemic year, many non-profits are scrambling to find new sources of revenue to replace donor contributions and other lost income. If this sounds like your charity, you might
It would be an understatement to say 2020 has been challenging. Leaders of non-profits still standing are justified in worrying about strained budgets and their ability to deliver on their
On September 17, the Financial Accounting Standards Board (FASB) issued an accounting rule that will provide more detailed information about noncash contributions charities and other non-profit organizations receive known as
