A nonprofit’s main focus is to carry out its mission to the best of its ability yet there’s one thing that cannot be lost in the desire to do good: A fiduciary responsibility to its funding sources and the community to use those resources efficiently and responsibly. All nonprofits have three to four, depending on […]
Financial Reports for Non-profit Compliance Read More »
How can they protect the board? Bylaws are the written rules by which an organization is governed. They set forth the structure of the board and the organization. They determine the rights of participants and they determine the procedures by which rights can be exercised. In other words, bylaws guide the board in conducting business.
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Revocation of Federal Tax Exemption at Historic African-American Theater Holds Warning for Others Source Non Profit Quarterly May 12, 2016; Plain Dealer (Cleveland, OH) In April, leadership of Karamu House, a settlement house that includes the oldest African-American theater in the United States, suddenly became aware that the IRS had revoked its tax-exempt status after
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Allocating Expenses Expenses are allocated to show the total cost of operating your program(s) that include activities, services, and projects related to a specific program. It is very important for the Executive Director, Board of Directors and other agency management to know the total costs of running the program so all can see how the
Fund Accounting Non-Profit Expenses Read More »
Learn more about Non-Profit Accounting at From churches to youth organizations to the local chambers of commerce, nonprofit organizations make our communities more livable places. Unlike for-profit businesses that exist to generate profits for their owners, nonprofit organizations exist to pursue missions that address the needs of society. Nonprofit organizations serve in a variety of
Differences between Nonprofits and For-Profits Read More »
I thought this to be a very helpful article from Non-Profit Quarterly for both start-up Non-Profits and established Non-Profit Organization. I hope you find some very useful information here that will give guidance to Executive Directors, Board of Directors and anyone in a management postion at your organization. M. Letha Daniels There is nothing like
Self-Coaching Strategies for Nonprofit Leaders Read More »