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When someone wins the lottery, the first thing people ask them is “what are you going to do with all the money?!” If they’re smart? They’ll probably start by hiring a lawyer and an accountant. Nonprofits have the same delightful...
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Would you drive to a destination you’ve never been to before without directions? Probably not. Would you spend your organization's money without knowing where it was coming from or going to? Definitely not. A budget is a vital tool that...
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Your tax-exempt status is a huge part of what sets your nonprofit apart from its for-profit counterparts. But there are certain activities that can threaten that status — and engaging in these no-no’s can be a costly mistake. Be aware...
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Have you ever looked through an old family photo album? You definitely know some people, but others you only vaguely recognize. Nonprofit financial statements can feel like looking at a somewhat familiar for-profit relative. They definitely share the same gene...
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New Year’s resolutions can feel like a bust — and statistically, they often are. If only you had a dollar for every abandoned gym membership...you’d never have cash flow problems again! But setting firm, trackable, achievable goals — financial goals...
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