In this guest post by a CPA who works for charitable nonprofits, we learn about end-of-the-month financial reports and some questions board members might want to ask.
While it may seem like good short-term marketing, advertising an unrealistic share of funds going to program expenses undermines the long-term effectiveness of your organization and of all nonprofits.
Nonprofits must understand and comply with all federal Fair Labor Standards Act regulations (as well as state wage and hour laws) governing overtime compensation.
Despite what we’d like to think, things aren’t getting much better for the nonprofit sector. That’s what the findings from the 2014 Nonprofit Finance Fund State of the Sector Survey revealed.
Budget and spending decisions by governments affect all inhabitants and decisions can have immediate and serious consequences for the people nonprofits serve and the communities in which they operate.
A key component of financial sustainability is the commitment of board and staff to financial management that includes budgeting and timely review of financial reports.
During an interview with staff members at the New York Council of Nonprofits, Jenny Chandler, Vice President at the National Council of Nonprofits, learned how to build a better budget.
