In the News

Copyright 2018
So you think investment policies are only for not-for-profits with millions to invest? Not true. If your organization holds funds in reserve -- for example, to cover emergencies or meet long-term goals -- it's prudent to have investment policies. Such policies will help ensure that you manage reserve funds responsibly according to their purpose and take steps to minimize investment risk.
Copyright 2018
With salaries on a plateau or rising only slightly at most not-for-profit organizations, employers should be alert to other ways to give their employees a financial break. Having an accountable plan for business expense reimbursement is one way to save your employees some money.
Copyright 2018
A not-for-proft organization needs insurance to protect its directors and officers from personal liability in the event of a lawsuit.
Copyright 2017
Let's say an established not-for-profit organization provides medical services to low-income families. The organization is approached by a group that wants to serve the same population with periodic reduced-cost dental clinics, and it has already lined up several large donations. The fledgling group, however, doesn't have 501(c)(3) status and wants the established organization to act as its fiscal sponsor.
Copyright 2017
Tax law provisions and IRS regulations may have a significant impact on improper transactions between top officials and a tax-exempt organization.
Copyright 2017

The IRS has publicly stated it is cracking down on organizations that improperly classify workers as independent contractors instead of employees. Are you confident that your employee classifications would stand up to IRS scrutiny?

Copyright 2017

Every year, millions of dollars are donated to not-for-profit organizations. In these cases, the money that's supposed to go to an organization's causes can be diverted to thieves. Not-for-profits aren't immune to the threat of fraud from their own employees.

Copyright 2017
Attracting funding organizations and large individual contributors to donate money to your not-for-profit organization is a little like finding a spouse.
Copyrignt 2017

Thinking about starting a vehicle donation program for your not-for-profit organization, but don't know where to begin? Or wondering if it's still worth it? The American Jobs Creation Act, which passed in 2004, makes vehicle donation programs more difficult for not-for profit organizations to operate.

Copyright 2017

Many organizations spend a lot of time and money creating mission statements, to highlight their work and align employees around a common vision. But the fact is that many mission statements fail, becoming nothing more than a wall ornament or a bunch of words tucked into a seldom-read company handbook.

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