Blog

Jack McHatton | Aug. 14, 2024

Update On a Possible Universal Charitable Deduction

During the COVID-19 pandemic, Congress temporarily enabled individual charitable donors who didn’t itemize federal income tax deductions to deduct up…

Boyum Barenscheer | Jul. 15, 2024

Important Update for Nonprofit Clients Regarding Charitable Registration

Recently, the Charities Division has made a significant change to the banking information requirements for registration and annual report forms.…

Anna Lovegren | Jul. 10, 2024

How Your Board Should Evolve Over Your Nonprofit’s Life

One thing every new not-for-profit organization can count on is change. Ideally, the changes you experience will be for the…

Boyum Barenscheer | Jul. 10, 2024

Maximizing Impact with In-Kind Services: A Guide for Nonprofits

As a nonprofit organization in Minnesota, leveraging in-kind services can be a game-changer for your operations. These contributions, which come…

Jasmin McKenzie | Jun. 20, 2024

Cross-Training Initiatives Can Get Your Whole Organization in Shape

Cross-training staffers to do one another’s jobs isn’t a new idea. But it can be a simple and effective way…

Jack McHatton | Jun. 12, 2024

Why Private Foundations Need to Avoid Self-Dealing

The IRS strictly prohibits self-dealing between private foundations and “disqualified persons.” But how are these terms defined? Among people who…

Jack McHatton | Jun. 9, 2024

Thinking Ahead to Your Next Form 990

The deadline for calendar-year not-for-profits to file Form 990 with the IRS has come and gone. But it’s never too…

Jasmin McKenzie | May. 23, 2024

Nonprofits: Act Thoroughly on Audit Findings

External audits can help assure your not-for-profit’s stakeholders that your financial statements are fairly presented according to U.S. Generally Accepted…

Anna Lovegren | May. 8, 2024

Weighing Potential Risks and Returns of Alternative Investments

Alternative investments may appeal to your not-for-profit because they often offer higher long-term performance than traditional securities do. But these…

Anna Lovegren | May. 6, 2024

Are Your Volunteers Risking Legal and Tax Liability?

Comprehensive risk management is one of the primary responsibilities of not-for-profit leaders. You probably regularly consider and act to mitigate…

Ashley Sparks | Apr. 17, 2024

Nonprofits Don’t Lose as Much to Fraud, but Risk Requires Action

According to the Association of Certified Fraud Examiners’ (ACFE’s) Occupational Fraud 2024: A Report to the Nations, not-for-profits suffer roughly…

Greg Carlson | Feb. 2, 2024

Encouraging Charitable Donors to Include You in Their Estate Plans

Even if current donations are your not-for-profit’s bread and butter, you can’t afford to neglect planned, legacy or deferred gifts.…