The Four Steps Of A Nonprofit Executive Search Plan

Posted by admin on Oct 30, 2017 11:30:00 AM

It seems inevitable that your nonprofit will need to replace a top executive within your organization at some point, and having the right executives in place is imperative to your organization’s success. Why not prepare your staff and Board now? Discuss these four basic steps of the executive search process today so you’re ready when it’s time to find a new person to lead your nonprofit organization. 

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Should You Consider Removing A Board Member At Your Organization?

Posted by admin on Oct 17, 2017 9:00:00 AM

Your not-for-profit has probably spent a lot of time and effort attracting board members who have the knowledge, enthusiasm and commitment to make a difference to your organization.

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Avoiding Investment Fraud in Nonprofit Organizations

Posted by admin on Oct 10, 2017 9:00:00 AM

Investment fraud in nonprofit organizations, such as Ponzi schemes, is common. A 2013 analysis by The Washington Post found that more than 1,000 nonprofits had discovered fraud at their organizations between 2008 and 2012. Fraud cases can cause significant financial loss for not-for-profits, but the biggest consequence is often the loss of donors and the marring of the organization’s public reputation. Donor loss can, of course, have long-term financial implications beyond the initial post-fraud loss.

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The Accounting and Financial Reporting Complexities of Nonprofit Collaboration

Posted by admin on Aug 22, 2017 3:30:00 PM

As funding sources diminish, an increasing number of nonprofit organizations are collaborating, merging or being acquired by other organizations. Pooling resources cuts costs and often increases efficiency, but it also means complicated accounting work and uncharted reporting obligations. Here, we'll explore different ways nonprofits are collaborating and what it means from an accounting and financial reporting perspective. 

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Four Fundraising Strategies For Nonprofits That Use Personal Appeal

Posted by admin on Aug 15, 2017 1:46:03 PM

It is difficult to develop new and successful fundraising ideas for nonprofits. Instead of starting from scratch, why not amplify your current fundraising methods by personalizing them?

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Do Nonprofit Organizations Pay Taxes? Understanding Unrelated Business Income Tax on Investment Income

Posted by admin on Aug 8, 2017 4:00:00 PM

It is often assumed that all nonprofit organizations are completely tax exempt, but do nonprofit organizations pay taxes? While most nonprofits do have exempt status, they can still be subject to tax if they have unrelated business taxable income (UBTI). UBTI is subject to unrelated business income tax (UBIT). 

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Effective Audit Committees and Their Role in Good Governance

Posted by admin on Nov 18, 2016 2:10:54 PM

Unlike public companies, nonprofit boards aren’t required to have audit committees. So it’s not surprising that 42% of nonprofits don’t, according to Stanford Graduate School of Business’s 2015 Survey on Board of Directors of Nonprofit Organizations.

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IRS Releases 2016 Work Plan for Tax Exempt and Governmental Entities Division

Posted by Merideth McDowell on Mar 23, 2016 4:30:00 PM

The Tax Exempt and Governmental Entities (TE/GE) division of the IRS consists of three subdivisions, as follows:

  1. Exempt Organizations subdivision (EO)
  2. Employee Plans subdivision (EP)
  3. Federal State and Local Governments subdivision (FSLG)

The 2016 tax year brings specific compliance issues into focus for each of these three subdivisions.

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A Warning on Soliciting Funds Out of State and Form 990 Disclosure

Posted by admin on Jan 27, 2016 12:30:00 PM

Form 990 disclosure pumps up the urgency of state registration

For years Anytown, USA, Charity has asked for donations from out-of-state residents. This started on a small scale — a handful of the charity’s donors retired in other states or lived there part of the year.

Now the charity has begun to reach out to hundreds of potential contributors in multiple states. The Internet makes it easy and inexpensive for the not-for-profit to solicit funds outside of its backyard. But along with this expansion comes the need for registration in additional states.

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6 Tips for Finding The Perfect Board Members

Posted by admin on Jan 25, 2016 11:30:00 AM

For many nonprofits, it’s a never-ending challenge: finding board members who are qualified, passionate about the organization’s mission and committed to good governance. This article provides tips for a more successful search — including targeting individuals with specific skills, not overlooking volunteers and treating the board position as an actual job.

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