by Mary Doherty | Mar 9, 2023 | Nonprofit
Unless 501(c)(3) organizations prove they’re publicly supported, the IRS assumes they’re private foundations. The distinction is important, because publicly supported charities enjoy higher tax-deductible donation limits and generally are exempt from excise taxes and...
by Mary Doherty | Mar 2, 2023 | Nonprofit
When Accounting and Development teams don’t work well together, the situation can lead to more than employee hostility and conflict. It can affect the nonprofit’s financial statements and lead to the forfeiture of grant funds. To ensure the staffers in your Accounting...
by Mary Doherty | Feb 23, 2023 | Nonprofit
Giving circles — generally small groups of people who make a charitable impact by pooling their money — are growing in popularity. If your nonprofit isn’t already actively appealing to them, you need to get up to speed because they’re capable of providing substantial...
by Mary Doherty | Feb 15, 2023 | Nonprofit
When inflation is high, it’s common for people to cut expenses by deciding not to renew subscriptions and memberships. For charities and associations that depend on membership fees, this trend can be distressing — if not catastrophic. If your nonprofit’s membership...
by Mary Doherty | Feb 9, 2023 | Nonprofit
Although failing to file a Form 990 with the IRS when required to do so is probably a more serious mistake, filing it with data errors isn’t recommended. Similarly, your nonprofit should strive to be as accurate as possible when preparing accounting and other tax...
by Mary Doherty | Feb 2, 2023 | Nonprofit
If your nonprofit has an endowment, you probably know it’s a major responsibility. Endowment investments generally need to be managed by a financial expert, and your organization must adhere to certain regulations, particularly when it comes to spending. As a...
