External audits can reassure your non-profit’s stakeholders that your financial statements are accurate according to U.S. Generally Accepted Accounting Principles (GAAP). They can also help prevent occupational fraud. Audit reports
In 2023, Indiana University’s Lilly Family School of Philanthropy released a public opinion survey that provided both good and bad news for non-profits. Although the respondents said they trust philanthropic
Alternative investments may appeal to your non-profit because they often bring in higher dollar volume in the long-term than a traditional securities would. However, these investments can come with tax
As a non-profit leader, it’s critical to manage risks well. You likely have to consider and act to mitigate risk to your facilities and assets, but also your clients and
The United States is entering the most natural-disaster-prone time of the year. With tornadoes and hurricanes more likely to happen, non-profit organizations are getting ready to provide aid to disaster
In a report by the Association of Certified Fraud Examiners’ (ACFE’s) Occupational Fraud 2024: A Report to the Nations, it was found that non-profits organizations suffer roughly half the median
For many non-profit organizations, keeping a full and engaged board of directors is challenging. If your board holds frequent meetings, has high attendance expectations, and requires members to do a
When a Category 5 hurricane hit a coastal community, the main charity for health and human services was prepared to act with rescue plans, supplies, emergency shelters, and well-trained staffers. But
There are many reasons why a tax-exempt organization, like a 501(c) might consider restructuring. For example, if a non-profit is struggling financially, it might decide to team up with another
When the Inflation Reduction Act (IRA) became law in late 2022, you might have thought that the tax breaks it offered wouldn’t affect your tax-exempt organization. However, that’s not the
