Blog

Becky Gibbs | Mar. 2, 2022
No Audit Required? Do It Anyway.
Your not-for-profit may not be required to undergo regular audits. But an audit can reassure donors and other stakeholders that…
Becky Gibbs | Feb. 23, 2022
Your Nonprofit’s Board Needs to Know These Financial Warning Signs
Is your board staring at financial red flags without knowing it? Although some warning signs — such as those experienced…
Anna Lovegren | Jan. 26, 2022
What Your Nonprofit Needs for a Successful Capital Campaign
Many nonprofits have put major purchases and other ambitious initiatives on hold during the pandemic. But if you need to…
Becky Gibbs | Jan. 19, 2022
Big, Small or In-Between: Your Nonprofit’s Board Size Is up to You
When a nonprofit is new, it may struggle to find an adequate number of board members. But as it grows,…
Becky Gibbs | Jan. 12, 2022
Handle Your Nonprofit’s Restricted Gifts with Care
Most not-for-profits encourage donors to make unrestricted contributions that will give the organization flexibility to use the money where it’s…
Becky Gibbs | Jan. 5, 2022
3 Steps to a More Financially Resilient Future
Charitable giving is picking up and there are other signs that suggest 2022 will be less challenging for nonprofits. But…
Becky Gibbs | Dec. 15, 2021
Budgeting Ideas for Uncertain Times
Budgeting, like many other things, was generally easier before COVID-19. Even though the pandemic isn’t over and much remains uncertain,…
Ashley Sparks | Dec. 8, 2021
A Credit Card Use Policy Can Help Prevent Abuse
During the busy holiday season, not-for-profit executives may rely on staffers to purchase gifts and holiday party supplies for the…
Anna Lovegren | Dec. 1, 2021
Why Excess Benefit Transactions are Out-of-Bounds
Emily was a dedicated board member of her community’s most prominent social-services charity. But her commitment to the cause and…
Becky Gibbs | Nov. 5, 2021
Your Board Can’t Do Its Job Without Information From You
If your not-for-profit’s board members don’t have the information they need to make decisions, the repercussions can be severe. Board…
Becky Gibbs | Sep. 29, 2021
Got an Endowment? You Need an Investment Advisor.
Since the beginning of the pandemic, financial markets have been riding a roller coaster. This volatility is a good reminder…
Becky Gibbs | Sep. 22, 2021
Keep Nonprofit Board Meetings Short and Sweet
Whether your not-for-profit is continuing to hold videoconference board meetings or is back to in-person gatherings, you don’t want to…

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Get in touch with Boyum & Barenscheer

We are a full-service Twin Cities CPA and advisory firm providing proactive tax, audit, and outsourced accounting services to help individuals, nonprofits and businesses achieve long-term success.

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Info@myboyum.com

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3050 Metro Drive, Suite 200
Bloomington, MN 55425

952-854-4244