A federal criminal case involving the Southern Poverty Law Center is raising important questions about donor transparency, confidential programs, financial controls, and nonprofit governance. As the case continues, nonprofit leaders can draw valuable lessons about documenting sensitive activities, communicating with donors, and maintaining strong financial oversight.
A recent Tax Court case shows how one missing statement can jeopardize a multimillion-dollar charitable deduction. Learn what Wells v. Commissioner teaches donors and nonprofits about contemporaneous written acknowledgments, noncash gifts, Form 8283, and other charitable contribution substantiation requirements.
The GAO has released new FAQs to help audit organizations establish and maintain effective systems of quality management under the 2024 Yellow Book. The guidance addresses risk assessment, monitoring and remediation, engagement quality reviews, and important upcoming evaluation requirements.
An effective nonprofit budget is more than a financial forecast. It is a management and governance tool that helps organizations align resources with their mission, plan for revenue and expenses, monitor performance, and prepare for changing financial conditions. This guide explores when to budget, how to build one, and why regular reforecasting matters.
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