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Nonprofits are Important to our Community
Nonprofit organizations are essential to our quality of life not only because of the valuable programs they provide local citizens, but also because of the positive economic impact within our local communities.
Nonprofit organizations play a growing role in the social and economic well-being of the United States. They provide services, goods and resources to meet community needs. They are businesses, most often charitable, that assist other businesses in the community to drive economic development, the arts, cultural awareness, education, health, and spirituality — virtually every sector of society. As government agencies and the private sector have scaled back their charitable giving in recent years, nonprofits have become indispensible.
It is very important that your organization remains in compliance with non-profit rules and regulations so you cn continue to be an integral contributor to the health and welfare of our society and be able to give others the means to help those who are not as fortunate as others by giving them reliable resources to help.
Grant Management Non-profit Fund Accounting is a requirement for non-profit organizations that we cannot get around and expect to keep or increase funding for our projects. This site is designed to introduce an invaluable resource to new start-ups, existing organizations, board of directors and others on how to setup and maintain compliance systems for funding sources and donors.
Why is this information Important? Non-profits have very specific compliance and governance regulations. This book will assist in ensuring organizations have the resources and information required to track grant expenditures, create meaningful reporting and maintain records for agency decision making.
Funders require detailed reporting of how grant funds are spent. In addition to deliverables funders review financial statements and budgets to determine if an organization is fiscally sound and spending grant funds according to the agencies stated purpose.
Start-up organizations as well as established charities will benefit from plain and simple illustrations and instruction on how to set up fiscal and document systems, helping to ensure compliance with federal, state, local and private grant makers.
We have made this book affordable to give you the basic information you will need and included in the book are links to free forms for your use. You will gain great insight into the reporting requirements, accounting requirements and you will be able to provide periodic status report on the agency’s health
Recent Posts
Considerations for your Non-profit Payroll
Payroll is an essential function of every organization, but it is easy for non-profits to make it a low priority as they strive to meet the organizations mission. Many small nonprofits struggle to meet Human Resources needs, lacking the funding for dedicated HR staff and the experience that comes with it. However, not giving enough
2017 Mileage Tax Deductions
2017 Standard Mileage Rates for Business, Medical and Moving Announced IR-2016-169, Dec.13, 2016 WASHINGTON — The Internal Revenue Service today issued the 2017 optional standard mileage rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes. Beginning on Jan. 1, 2017, the standard mileage rates for the
Fiscal Compliance – 2016 FASB Updates
Everyone in your organization who is responsible for grant management should take the time to review this book to get a basic understanding of what is required to manage your grant and ensure the organization is in compliance with the grantor’s requirements. This includes those who prepare grant proposals and those who record and report
Avoid Discrepancies when Recording Contributions
This can actually happen to you. Your finance committee or board meets. The members are presented with a packet of information that includes financial reports prepared by your accounting department and reports prepared by your development department. As the members review these reports, they notice the contributions from your accounting department do not agree with
New Due Dates for Tax Returns Due in 2017
As you may be aware, there have been several changes in due dates for federal tax returns. These changes are generally effective for tax years starting after December 31, 2015 – that is, for 2016 tax returns prepared during the 2017 filing season. These modifications relate mostly to flow-through entities, including partnerships and S corporations
Non-Profit Trends Reporting
It is not surprising that many nonprofit board members do not fully understand financial statements—despite the fact that understanding those statements is very important to good governance. In my consulting career with non-profits I have found that so many executives and board member have no clue about financial statements and not being able to read