Conflict-of-interest policies are too important to neglect

Jan 27, 2020 | Nonprofits

Does your not-for-profit organization have a conflict-of-interest policy in place? Do your board members, trustees and key employees understand how the policy affects them? If you answer “no” to either (or both) of these questions, you have some work to do. A duty...

Protecting youth sports leagues from fraud

Nov 4, 2019 | Nonprofits

Who would defraud a kids’ organization? The answer, unfortunately, is that trusted adults sometimes steal from not-for-profits benefiting children. Youth sports leagues and teams are ripe for fraud. Cash transactions are common, and coaches and board members usually...

Avoid excess benefit transactions and keep your exempt status

Oct 7, 2019 | Nonprofits

One of the worst things that can happen to a not-for-profit organization is to have its tax-exempt status revoked. Among other consequences, the nonprofit may lose credibility with supporters and the public, and donors will no longer be able to make tax-exempt...

How to convince donors to remove “restricted” from their gifts

Sep 9, 2019 | Nonprofits

Restricted gifts — or donations with conditions attached — can be difficult for not-for-profits to manage. Unlike unrestricted gifts, these donations can’t be poured into your general operating fund and be used where they’re most needed. Instead, restricted gifts...

Should you revise your nonprofit organization’s bylaws?

Aug 5, 2019 | Nonprofits

Your not-for-profit has likely grown and evolved since it was founded. Have your bylaws kept pace? Bylaws are the rules and principles that define your organization — and, if you haven’t revisited them recently, they may not be as effective as they could be. Rules and...