In the News

Copyright 2016

Think of your not-for-profit organizationand its external auditor as dance partners performing a well-choreographed routine. To execute the dance properly, each dancer must complete specific moves and coordinate timing with his or her partner.

Copyright 2016
This is one of those Believe It or Not stories: Years ago, a charity generated solicitation letters from a computerized database. One letter addressed to a state Humane Society stated: "Dear Miss Society."
Copyright 2016

Not-for-profit organizations often struggle with valuing non-cash and in-kind donations, including the value of houses and other real estate. Whether for recordkeeping purposes or when helping donors understand proper valuation for their charitable tax deductions, the task isn't easy.

Copyright 2016

Maintaining detailed time records for staff may not be your favorite task. Unfortunately, it's not negotiable. Timekeeping -- for volunteers and individuals paid for their work -- is necessary for most not-for-profit organizations. However, there are ways to make the job less onerous.

Copyright 2016

Does your organization have a succession plan in place? And, if it does, is it well documented? Some not-for-profits delay detailed succession planning, thinking of it as a project they'll get to "someday." But that's a mistake.

Copyright 2016
If your not-for-profit organization expects its board members to play a fundraising role, you probably already know how difficult it can be to motivate them. They're busy people, and even when they have excellent connections, they're not always comfortable asking those in their network for money -- however noble the cause. Fortunately, there are ways you can help board members overcome their reservations.
Copyright 2016
During each election season, your not-for-profit organization should take a hard look at the IRS restrictions on political activities to ensure you don't do anything to jeopardize your tax-exempt status.
Copyright 2016
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 2015

The national do-not-call list is in effect, and although non-profit organizations are generally exempt from the regulations, the rules may significantly affect your operations.

Charities, religious and political organizations, as well as their paid and volunteer staff, are generally exempt from the do-not-call rule. Surveys that don't involve solicitations are also exempt.

Copyright 2015

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.

Setting Up a Plan

Pages