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A Beginner’s Guide to Filing a Form 990 for Your Nonprofit Organization
For nonprofit organizations, filing a Form 990 can be overwhelming and confusing, especially if it’s your first time. In this article, we will discuss everything you need to know about filing a Form 990, including six steps to take before, during, and after transmitting your form to the IRS.
How Nonprofits Can Benefit from Embracing ESG Practices
By expanding ESG efforts and communicating them effectively, nonprofits can engage new audiences and achieve greater impact. This article discusses how nonprofits can document and communicate their ESG impact and provides five steps to get started.
You Got the Grant! Now What?
Nonprofits that do not deliver on the terms of a grant contract are at risk of having to return the funding. Make sure you have a plan.
5 Best Practices for Building a Nonprofit Annual Operating Budget (with Template!)
There are as many forms of nonprofit budgets as there are forms of organizations. Unlike financial statements, which have some rules and guidelines according to accounting standards, the same level of industry-imposed standardization for budget documen …
Practical Tips for Nonprofit Budgeting
Being the financial type, I am fond of saying that “the numbers tell a story.” And the story of what your organization plans to do in the coming fiscal year is called the budget. Every year, organizations like yours go through the process of creating a …
Can’t Raise Cash Through No VAULT of Your Own?
Do you lead a nonprofit that needs money? Do you look with envy on some other executive directors who haul dollars into their vaults in sacks or bitcoins? Maybe you’re like me—an outsider director. Outsider directors don’t know rich people who are tryi …
What a Finance Committee Can Do for Your Board of Directors
Implementing a finance committee of the board of directors was one of the best things our organization ever did—here’s why. Baby Bear Hugs’ mission is enhancing family strengths for happy and healthy children, families, and communities. The program pro …
Functional Expenses Decreased During Covid-19? How to Prepare for Conversations with Funders
The topic of functional expenses has garnered attention at nonprofit board meetings over the past year. Many nonprofits feel pressure from foundation and government funding sources to maintain a certain level of program expenses as a percentage …
Alleviate Accounting Systems and Staff Training Chokepoints to Power Nonprofit Missions: A Case on How One Oregon Nonprofit Did It
Part 2: Personal to Personnel In 2019, I came to Lost Valley Education and Event Center (LVEC), first as a student, then as LVEC’s bookkeeper, with no prior training in the craft other than management of my own finances and my stint as an Air Force Int …
The Employee Retention Credit: What Nonprofits Need to Know
Originally enacted as part of the CARES Act in March 2020, and subsequently voted into law last December, the Employee Retention Credit (ERC) may now be claimed by eligible employers — and that includes tax-exempt nonprofit organizations — that previou …
