Principles to Guide Your Nonprofit’s Relationship with Donors

In 1993, a consortium of philanthropic organizations came up with the Donor Bill of Rights to guide nonprofits in their interactions with financial supporters. For the most part, the basic principles remain valid. But over the past quarter century, some in the nonprofit and donor communities have suggested amendments and additional “rights.” If you aren’t […]

Your Nonprofit Must Make Time for Accountability

“Accountability” may seem like one of those popular management concepts you know would be nice to implement if your nonprofit had the time and budget. But not only is accountability essential to your nonprofit’s health and efficacy — affecting everything from donations to grants, hiring to volunteering, board fiduciary duty to employee morale — it’s […]

Nonprofit Boards Must Remain Vigilant

It’s been a tough year for nonprofits. Many have experienced an increased demand for services just as revenues have plummeted. Until the COVID-19 pandemic is over, your organization’s board of directors will likely play a special role in ensuring that it remains on track financially. In particular, the board should focus on two issues: 1. […]

Using Footnotes to Disclose your Nonprofit’s Financial Information

Does anyone actually read footnotes? If they’re financial statement footnotes, the answer is usually “yes.” Footnotes can provide donors, governmental supporters and other stakeholders with critical information about your nonprofit. So it’s important to work with your CPA to make sure your footnotes are accurate and thorough. Operations and Accounting Policy Snapshot One important set […]