Does your not-for-profit start its budget process from scratch each year or do you mostly make simple adjustments to the previous year’s budget? Either way, if your organization operates on…
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If you’re organizing a not-for-profit board retreat, you’ll probably want board members to make the most of their time together. One of the best ways to do this is to…
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Funding cuts, donation dips and general economic uncertainty may have you struggling to keep your not-for-profit afloat. The last thing you need is rumormongering among your staff. Employees might understandably…
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Even if your not-for-profit isn’t legally required to obtain independent audits, such audits can enhance financial transparency, increase accountability and help you build trust with your stakeholders. But how do…
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With fewer federal grants available to not-for-profit organizations, the competition to qualify for funding — from all sources, including foundations — has become more intense. Now, more than ever, your…
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In general, not-for-profits can’t use restricted assets for purposes other than those specified by the original donor. Board-designated assets (or board-designated funds) are another matter. These are unrestricted funds that…
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