In the process of slashing expenses? Just be careful not to cut essential items, such as sufficient staffing to maintain strong internal controls, from your non-profit’s budget. Internal controls are
To save money, it may be tempting to perform your non-profit’s accounting tasks internally. However, if your staff is inexperienced and not properly trained, mistakes are likely to occur —
Reliable income streams are invaluable—especially during times of economic uncertainty, when members and donors may hesitate to renew or continue monthly contributions. If you’ve seen a decline in memberships or
After reaching age 73, individuals with traditional IRAs generally are mandated to start taking required minimum distributions (RMDs). However, they have the option of making qualified charitable distributions (QCDs) to
If your non-profit’s board meetings often feel unproductive — or worse, lead to disengaged or departing members — it may be time for a reset. Long, unfocused meetings or ones
Without a predictable revenue stream, you’ll have a hard time budgeting, funding priorities, and planning for the future. Right now, many organizations are grappling with sudden federal grant cuts. If
A fictional non-profit lost its executive director (ED) when she died unexpectedly. The charity had a basic contingency plan, but the document didn’t name an actual successor for the ED
Of the reported cases to the FBI’s Crime Complaint Center over the past couple of years, investment fraud has been the costliest type of scam. The FBI generally defines investment
Under the Internal Revenue Code, “qualified sponsorship payments” to non-profits aren’t subject to unrelated business income tax (UBIT). Qualified payments refer to money, property transfers, or the performance of services
Does your non-profit use crowdfunding platforms — such as Kickstarter, GoFundMe, and Indiegogo — to raise money? Many non-profits have found they’re a great way to engage potential supporters, particularly
