by CL Davidson | Sep 14, 2023 | Behind the Q
How Nonprofits Make Money: Exploring Diverse Income Sources Nonprofits are key players in serving the public good, yet their financial landscape can be intricate. Despite the “nonprofit” label, these organizations have diverse income streams. Let’s...
by CL Davidson | Aug 15, 2023 | Behind the Q
Nonprofit Financial Planning: 4 Vital Reports for Success Developing a robust financial plan is crucial for the success of your nonprofit, as it not only ensures sustainability but also drives the fulfillment of your mission. Unlike for-profit companies, nonprofits...
by CL Davidson | Jul 11, 2023 | Behind the Q
Six Financial Management Tips for Small Nonprofits It’s no secret that small nonprofits try to do more with less. But to make the most significant impact, effective financial management is critical. Unorganized finances can lead to unnecessary purchases,...
by CL Davidson | Jun 27, 2023 | Behind the Q
Nonprofit Travel Expenses: Essential Reimbursement Guidelines You Need to Know Reimbursing your nonprofit staff and volunteers for their travel expenses may seem simple, but only if you have the right plan in place. More specifically, an “accountable...
by CL Davidson | Jun 6, 2023 | Behind the Q
Five SECURE 2.0 Changes That Impact Nonprofits If your nonprofit handles employee’s retirement plans (like a 403(b)), you’ll want to know how SECURE 2.0 affects them. To give you some background, at the end of 2022, President Biden signed into law H.R....
by CL Davidson | Apr 18, 2023 | Behind the Q
How to Utilize Donor-Restricted and Unrestricted Funds Effectively Understanding your nonprofit’s net assets equates to understanding your organization’s ability to survive and thrive. Net assets are the value of what the organization owns (assets) minus...
