Blog

Becky Gibbs | Feb. 10, 2021

It May Be Time to Tune Up your Nonprofit’s Accounting Function

Many organizations get stuck in procedural ruts because it’s easier in the short term to continue doing things the way…

Ashley Sparks | Jan. 26, 2021

Put Employees to Work Fighting Fraud

You may have the best internal controls in the business world, but if your employees don’t follow them, your company…

Becky Gibbs | Jan. 3, 2021

How Well do your Nonprofit’s Development and Accounting Departments Communicate?

Your accounting and development departments are central to the continued financial health of your not-for-profit. So what happens when communication…

Chris Wittich | Dec. 31, 2020

Changes to 2020 Individual Tax Credits

The big COVID 19 relief bill that just passed December 27th had a lot of big-ticket items in there, mostly…

Anna Lovegren | Dec. 23, 2020

How to Keep your Nonprofit’s Members in the Fold

If your charity or association depends financially on membership fees, you know that nonprofit member renewals are important. Non-renewals are…

Becky Gibbs | Dec. 17, 2020

Nonprofit Endowments Require Knowledge and Resources

If the events of 2020 have taught not-for-profits anything, it’s that financial reserves are essential to long-term survival. An endowment…

Anna Lovegren | Dec. 9, 2020

Nonprofits: How to Acknowledge Donor Gifts

Holiday-inspired generosity and the desire to reduce tax liability makes the end of the year a busy time for charitable…

Becky Gibbs | Dec. 2, 2020

Nonprofit Boards Must Remain Vigilant as Long as the Crisis Continues

It’s been a tough year for not-for-profits. Many have experienced an increased demand for services just as revenues have plummeted.…

Becky Gibbs | Nov. 18, 2020

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…

Becky Gibbs | Nov. 11, 2020

Smart Nonprofit Leaders Know How To Delegate

Delegation ideally gives not-for-profit executives time to focus on mission critical tasks and provides growth opportunities to staffers. However, you…

Becky Gibbs | Nov. 4, 2020

How Much Insurance Does Your Nonprofit Need To Mitigate Risk?

A warning if your not-for-profit organization is looking for expenses to cut: Nonprofits should not skimp on insurance! Should your…

Drew Wolf | Oct. 22, 2020

Minnesota Now Conformed to Federal Section 179 Deduction

Minnesota has conformed to the Federal Section 179 deduction. This deduction allows taxpayers to deduct the entire cost of certain…