Churches, synagogues, mosques and other religious congregations aren’t required to file tax returns, so they might not regularly hire independent accountants.
You can’t serve the needs of your not-for-profit’s members unless you know what those needs are.
Communication breakdowns between a not-for-profit’s development and accounting departments can lead to confusion, embarrassment and even financial problems.
The commerciality doctrine was created along with the operational test to address concerns over not-for-profits competing at an unfair tax advantage with for-profit bu
Charities typically receive most of their donations during the holidays and at year end.
Done well, delegation allows not-for-profit executives to focus on their most important tasks, helps to build bench strength and gets staffers out of the office before midnight.
A fiscal sponsorship occurs when an established charity provides a kind of legal and financial umbrella to a charitable project that lacks 501(c)(3) status.
How efficient is your not-for-profit? Even tightly run organizations can use some improvement — particularly in the accounting area.
In the not-so-distant past, charity watchdog groups such as GuideStar, Charity Navigator and the Better Business
Do you prepare internal financial statements for your board of directors on a monthly, quarterly or other period