Nonprofits often turn to outside fundraising professionals to help with activities such as direct mail campaigns, grant writing, or donor outreach. While this support can be vital, large payments to fundraisers may raise concerns with the IRS, watchdog groups, and even potential donors—especially when fees seem disproportionate to the funds raised. To stay compliant and …
Launching a Not-for-profit (NFP) organization comes with many moving parts, but perhaps none are more critical—and more overlooked—than forming your first Board of Directors. Many founders fall into a common trap: filling board seats with family members, close friends, or well-meaning but unqualified individuals. This often results in a board that lacks the objectivity, governance …
Choosing the Right Board: Avoiding the “Family, Friends, and Fools” Trap Read More »
Nonprofits and private companies have long faced challenges when estimating credit losses for short-term assets, especially accounts receivable and contract assets. These challenges stem from requirements under FASB ASC 326, which demands consideration of past events, current conditions, and future forecasts—including complex macroeconomic data. To address these concerns, the FASB issued ASU 2025-05 in July …
Credit Losses Accounting Simplified for Short-term Assets, Including Accounts Receivable Read More »
In today’s fast-paced nonprofit landscape, having access to the right tools and data can make all the difference. From managing donors and volunteers to accessing reliable sector-wide insights, nonprofits need platforms that streamline operations and support strategic decision-making. Two websites, Bonterra for Nonprofits and Candid, stand out as invaluable resources for organizations seeking to maximize …
Top Websites Every Nonprofit Should Know: Tools and Resources to Boost Impact Read More »
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