For nonprofits, fall signals more than just events, donor campaigns, and program reports. It’s also the beginning of audit seasonal time when financial accountability is under the microscope. Grantors, auditors, and donors want to see not just accurate numbers, but also strong internal controls that demonstrate responsible stewardship of funds. The challenge? Many nonprofits, especially […]
As the year comes to a close, nonprofits face more than just wrapping up programs and planning future initiatives. Closing the year with strong compliance practices not only safeguards funding but also empowers your organization to step into the new year with confidence. Think of it like running a marathon: the final stretch determines whether […]
Let’s be honest — no one gets into nonprofit work because they love audits. You care about impact. About feeding people, helping kids, lifting your community. But then one day, the funding that makes all that work possible gets delayed. Or cut. Or stuck in a paperwork loop. And suddenly, your grant reports don’t line […]
When Rose’s Breakfast Van Never Arrived Last Thursday, 82-year-old Rose Martinez sat with a spoon in hand—waiting for her hot breakfast. She didn’t know the Meals on Wheels van had been canceled. By noon, she was still waiting—hungry, confused, and alone. Since late January, federal grant payments have been frozen, leaving local nonprofits without the […]
As the year draws to a close, many nonprofit organizations experience a significant surge in donations. With year-end giving on the rise, nonprofit leaders can tap into this generosity by strategically planning campaigns and engaging with donors in a meaningful way. Whether you’re running an online campaign, hosting offline events, or leveraging social media, there […]
Efficient payroll management is crucial for every nonprofit organization, it ensures employees are paid on time, maintains compliance with regulations, and conserves precious resources. Unlike for-profits, nonprofits often juggle a blend of paid staff, dedicated volunteers, tight budgets, and complex funding sources. This combination makes managing payroll not just an administrative task, but a crucial […]
In the nonprofit world, unexpected challenges can come up at any time. These challenges can put an organization’s mission, reputation, and even its survival at risk ranging from financial instability and reputational damage to unexpected natural disasters or public relations issues. Nonprofits are often working hard to support their communities, and any sudden issue can […]
On December 13, 2023, the Financial Accounting Standards Board (FASB) rolled out a groundbreaking update with Accounting Standards Update (ASU) 2023-08—Intangibles—Goodwill and Other—Crypto Assets (Subtopic 350-60). This long-awaited update addresses the accounting and disclosure requirements for crypto assets, an area gaining prominence as cryptocurrencies and other digital assets become more significant in business and investment […]
In the world of nonprofit organizations, grants and donations are the lifeblood that sustains their mission-driven activities. Managing funds can be a complex and daunting task, especially when it comes to ensuring compliance with donor restrictions and maintaining financial transparency. This is where fund accounting proves invaluable. By providing a specialized method for tracking income […]
In the nonprofit industry, securing grants is a critical achievement that represents a significant milestone in an organization’s journey. However, obtaining grant funding is only part of the process. The real challenge lies in the effective and transparent management of these funds. Grant reporting involves more than just documenting expenditures; it is about showcasing how […]
