Warning! 4 signs your nonprofit is in financial danger

Warning! 4 signs your nonprofit is in financial danger

Signs of financial distress in a not-for-profit can be subtle. But board members have a responsibility to recognize them and do everything in their power to avert potential disaster. Pay particular attention to: Budget bellwethers. Confirm that proposed budgets are in...
Financial best practices for religious congregations

Financial best practices for religious congregations

Churches, synagogues, and other religious congregations aren’t required to file tax returns, so they might not regularly hire independent accountants. But regardless of size, religious organizations often are subject to other requirements, such as paying unrelated...
Donate appreciated stock for twice the tax benefits

Donate appreciated stock for twice the tax benefits

A tried-and-true year-end tax strategy is to make charitable donations. As long as you itemize and your gift qualifies, you can claim a charitable deduction. But did you know that you can enjoy an additional tax benefit if you donate long-term appreciated stock...
Has your nonprofit shifted from overhead to impact?

Has your nonprofit shifted from overhead to impact?

In the not-so-distant past, charity watchdog groups such as GuideStar, Charity Navigator and the Better Business Bureau’s Wise Giving Alliance were notorious for giving overhead ratios significant weightings in their rankings of not-for-profits. While such a practice...
Using insurance to manage your nonprofit’s risk

Using insurance to manage your nonprofit’s risk

Insurance is the cornerstone of any not-for-profit’s comprehensive risk management plan. It can’t protect your organization from every contingency, but it’s critical to protecting the people, property, funds, and support you depend on. Must-have insurance policies...