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CPA Dennis Walsh of North Carolina explains why and how to include volunteer time in your nonprofit’s budgets and financials.
We are considering changing some of our employees into independent contractors as a cost-saving measure. What is the potential downside?
Embezzlement — fraud committed by employees and volunteers — is especially painful in community nonprofits. Here are the most common types of nonprofit embezzlement and how to deal with them.
Be sure that your nonprofit is getting the most value out of your relationship with your broker, and with your insurance companies.
Many nonprofit board members don’t think about the organization’s insurance until something adverse happens. Here’s the low-down on liability.
Considering how insurance costs typically constitute a sizable chunk of a nonprofit budget, this significant cost is remarkably un-examined. A key part to getting the lowest costs, the best coverage, and the best service is getting the right insurance broker. But what exactly is an insurance broker and what do they do? What should we look for in a broker? How do we find a good one?
Because a nonprofit board’s success depends upon its gestalt as much as the traits of its individual members, boards should think a bit about the contributions an attorney might make.