Blog

Anna Lovegren | Oct. 21, 2022

Keep Your Religious Congregation on the Financial Straight and Narrow

Religious congregations usually enjoy greater protection from federal government oversight than other not-for-profit organizations. For example, the IRS can’t conduct…

Anna Lovegren | Oct. 3, 2022

Lost Your Tax-Exempt Status? Here’s How to Regain It

So you forgot to file your not-for-profit’s Form 990, 990-EZ or 990-N with the IRS. It can happen — particularly…

Anna Lovegren | Aug. 25, 2022

For a Stronger Nonprofit, Increase the Number of Income Streams

Not-for-profits that rely on a single income source, or only a few, are vulnerable to economic shocks. The COVID-19 pandemic…

Becky Gibbs | Aug. 3, 2022

What Revenue Numbers Can Reveal About Your Nonprofit’s Financial Health

When professional auditors review a not-for-profit’s books, they usually spend significant time on revenue. Inadequate revenue — or revenue trending…

Becky Gibbs | Jul. 7, 2022

Reviewing — and Possibly Revising — Your Nonprofit’s Spending Policy

A spending policy is the formula used to determine how much of the value of investments a nonprofit organization will…

Ashley Sparks | Jun. 16, 2022

Oversight and Controls Are Key to Limiting Fraud in Nonprofits

Recently, the Association of Certified Fraud Examiners (ACFE) published its biannual Report to the Nations: 2022 Global Study on Occupational…

Anna Lovegren | Jun. 2, 2022

For Nonprofits, Quid Pro Quo Isn’t a Simple Exchange

Quid pro quo donations occur when a not-for-profit receives a payment that includes a contribution and the organization provides the…

Becky Gibbs | May. 20, 2022

Support Your Nonprofit’s Financial Plans with Board Designations

The pandemic, ongoing economic insecurity and uncertainty about the future have prompted some not-for-profits to make board designations of unrestricted…

Becky Gibbs | May. 10, 2022

CFO, Yes or No? Here’s How to Decide

Whether your not-for-profit organization needs a chief financial officer (CFO) depends on many factors, such as the size of your…

Anna Lovegren | Apr. 27, 2022

What Charitable Givers Need to Know About Taxes

Although most charitable donors aren’t primarily motivated by potential tax breaks, they still need to know how donations affect their…

Barb Sawdy | Mar. 30, 2022

Classify Your Nonprofit’s Workers Correctly — or Risk Repercussions

Many not-for-profits are understaffed in 2022, thanks to a labor shortage and pandemic-related budget shortfalls. Some organizations are filling the…

Anna Lovegren | Mar. 22, 2022

Conflict-of-Interest Policies: It’s About Trust

According to a 2021 Independent Sector survey, 57% of Americans trust not-for-profits to “do what is right.” Although that’s a…