Financial News

    A warning if your not-for-profit organization is looking for expenses to cut: Don’t skimp on insurance. Should your nonprofit experience a fire, major theft or other calamity, [...]

    Most not-for-profit organizations collect vast volumes of data. But according to a study conducted by Every action and Nonprofit Hub, only 40% of nonprofits regularly use that data [...]

    Many not-for-profits have been too busy trying to stay afloat to put a lot of resources and energy into public relations. But as the new year begins, you might start thinking about [...]

    If the events of 2020 have taught not-for-profits anything, it’s that financial reserves are essential to long-term survival. An endowment is different from operating reserves and [...]

    In 1993, a consortium of philanthropic organizations came up with the Donor Bill of Rights to guide not-for-profits in their interactions with financial supporters. For the most [...]

    Small business owners are well aware of the increasing cost of employee health care benefits. As a result, your business may be interested in providing some of these benefits [...]

    There’s a new IRS form for business taxpayers that pay or receive certain types of nonemployee compensation and it must be furnished to most recipients by February 1, 2021. After [...]

    Your accounting and development departments are central to the continued financial health of your not-for-profit. What happens when communication between these two functions break [...]

    Fraud doesn’t simply take a vacation during crises, such as the COVID-19 pandemic. If you are not-for-profit’s internal controls aren’t effective, crooked individuals can find ways [...]

    Delegation ideally gives not-for-profit executives time to focus on mission critical tasks and provides growth opportunities to staffers. However, you need to approach delegation [...]