Welcome to our new site. We are working to complete all the elements of our site but feel free to visit our blog or contact us.
Please Subscribe so you won’t miss Important Updates. Thanks
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
FINANCIAL MANAGEMENT GUIDELINES Part 3
FINANCIAL MANAGEMENT GUIDELINES FOR NON-PROFIT AGENCIES Part 3 of 3 Separation of Duties In parts 1 and 2 we looked at practical information on what is expected from organizations that have or anticipate receiving grants from federal funding either directly or as a sub-recipient regarding fiscal accountability. We also looked at Fiscal Policies that should
FINANCIAL MANAGEMENT GUIDELINES Part 2
FINANCIAL MANAGEMENT GUIDELINES FOR NON-PROFIT AGENCIES Part 2 501 (c) (3) Fiscal Policies: Click here for a downloadable link to example Fiscal Policies (PDF) adapted for non-profit sub-section 501 (C) (3) organizations. This is presented as a guide to help you develop your fiscal policies. Some items and/or positions shown may not apply to you
Preventing Fraud
A CHECK SIGNER’S RESPONSIBILITIES Most businesses know that segregation of duties is an essential internal control within the accounting function. So, normally, the person with check signing authority is someone different from the person generating the checks within the accounting program. But this example of segregation of duties only works well if the check signer
FINANCIAL MANAGEMENT GUIDELINES Part 1
FINANCIAL MANAGEMENT GUIDELINES FOR NON-PROFIT AGENCIES Part 1 Everyone in your organization who is responsible for grant management should be familiar with the processes and procedures concerning accountability and responsibilities. This includes those who prepare grant proposals and those who record and report on grant project activities. These guidelines regarding fiscal accountability are only intended
Section 501(c)(4) New Requirement
New requirement for organizations intending to operate under Section 501(c)(4): Submit Form 8976 ________________________________________ New legislation enacted at the end of 2015 added section 506 to the Internal Revenue Code. Section 506 requires an organization to notify the IRS of its intent to operate as a section 501(c)(4) organization. The IRS has developed a new
User fee decreased for Form 1023-EZ
Yea, Great News for those who want to start a Non-Profit Organization! Would you believe the IRS actually drastically reduced the processing fee? User fee decreased for Form 1023-EZ On July 1 the user fee to process the Form 1023-EZ, Streamlined Application for Recognition of Exemption Under Section 501(c)(3) of the Internal Revenue Code, was