Will Your Nonprofit Face a First-Time Single Audit?

by CL Davidson | Jul 20, 2022 | Behind the Q

Will Your Nonprofit Face a First-Time Single Audit? Pandemic Funding: Nonprofits Facing First-Time Single Audits Did your nonprofit receive any type of stimulus funding from the federal government during the pandemic? If so, your organization may be subject to an...

Nonprofit Fraud: 6 Ways to Protect Your Organization

by CL Davidson | Jun 27, 2022 | Behind the Q

Nonprofit Fraud: 6 Ways to Protect Your Organization Most nonprofits base their culture on honesty, trust, and a solid commitment to goodwill. But sadly, an organization’s honorable mission and public image are not always resistant to fraud. According to the...

Nonprofit Compensation Systems Part II: Executive Pay and Credit Card Use

by CL Davidson | May 18, 2022 | Behind the Q

Nonprofit Compensation Systems Part II: Executive Pay and Credit Card Use In our first installment of this two-part series, we shared the basics for building an ethical nonprofit compensation system. Here, in part two, we’ll dive into another critical component...

Nonprofit Compensation Systems Part 1: An Ethical Roadmap to Success

by CL Davidson | May 4, 2022 | Behind the Q

Nonprofit Compensation Systems Part 1: An Ethical Roadmap to Success Creating a nonprofit compensation system is not as daunting as it may seem. Implementing an ethical program is simplified with the right strategies, structures, communication, and management. But to...

How to Start a Nonprofit

by CL Davidson | Apr 20, 2022 | Behind the Q

How to Start a Nonprofit If you’re wondering how to start a nonprofit, kudos to you. It means that you want to make a positive difference and are willing to go above and beyond to ensure your mission is a success. Yes, it takes work, but what you put into it is...

Nonprofit Financials: What to Share With the Board and How Often

by CL Davidson | Mar 29, 2022 | Behind the Q

Nonprofit Financials: What to Share With the Board and How Often When it comes to nonprofit financials, it’s wise to know what to share with the Board of Directors and how often to do so. A well-informed Board has all the financial information necessary to best...

Nonprofit Cash Reserves: Three Smart Ways to Handle too Much Cash

by CL Davidson | Mar 22, 2022 | Behind the Q

Nonprofit Cash Reserves: Three Smart Ways to Handle too Much Cash While it may seem rare, we’ve been seeing more instances of nonprofits receiving windfalls of cash. And as wonderful as ‘too much cash’ may seem, it’s also daunting. Large cash...

Nonprofit Audits: 5 Reasons to Do One, Even if Not Required

by CL Davidson | Feb 22, 2022 | Behind the Q

Nonprofit Audits: 5 Reasons to Do One, Even if Not Required Wondering if you have to perform an audit for your nonprofit? While the IRS doesn’t require nonprofits to obtain audits, some other state and government agencies do. Much of it depends on the size of your...

Nonprofit Event Revenue Reporting: Form 990 vs. GAAP

by CL Davidson | Feb 10, 2022 | Behind the Q

Nonprofit Event Revenue Reporting: Form 990 vs. GAAP If you’re a nonprofit that hosts events, do you know how to report the revenue accurately? Whether an auction, marathon, ball, golf event or gala, accounting for each is tricky. That’s especially true...

Multiple Streams of Revenue: 11 Ideas for Nonprofit Success

by CL Davidson | Jan 24, 2022 | Behind the Q

Multiple Streams of Revenue: 11 Ideas for Nonprofit Success Are you interested in multiple streams of revenue for your nonprofit? If so, you’re not alone. Part of a nonprofit’s mission is to generate sustainable funding for its cause. Creating a broad mix of funding...