As you may have read in our previous article, there was a FASB update last year that directly impacted nfp accounting standards. Although there were treasure troves of small wave impacts and minutia to mind, a few changes stand out among the rest. We’ve already...
Overview Assembling Your Team Fortify Your Financial Schematics Bolstering the Blueprints of Business Before You Go An Ocean’s Eleven Approach to Nonprofit Team Composition Imagine for a moment that you’re planning a heist. Actually, let’s reframe this. Imagine...
Don’t Forget Your CompassIn business, most everything can be traced to one, quantitative goal: profit. The canonical bottom line exists as a sort of North Star for any profit-seeking business. In the not-for-profit world, things aren’t so cut and dry. For a nonprofit,...
Should You Publish Your Nonprofit Annual Report?YES! Don’t be shy. Publishing your Nonprofit Annual Report will put you in the spotlight – in a good way! It’s a great approach to spread the word about what your organization accomplished over the last...
How are you running your nonprofit? Your donors want to know, your competitors want to know, and the IRS needs to know. It all boils down to nonprofit transparency measures. Four Out of Five Dentists Recommend: Transparency There are two components to what makes for...
As you may remember from the last post, before learning how to properly run net assets on your lemonade stand, there was brief mention of the Nonprofit Financial Statement of Activities. As you were surely made insomniac by the mystery, fret no longer. It’s time...
