Financial Management
An independent audit is an expensive monitoring tool.
Ideally, just by reading a nonprofit’s publicly-posted IRS Form 990, donors, members of the public, and government officials will see an accountable, transparent, and trustworthy organization that...
Boards of directors have a fiduciary duty to ensure that the assets of a charitable nonprofit are used in support of the charitable mission, and in accordance with donors’ intent.
Creating an endowment can be an important strategy to set aside funds for the future, and may be a hallmark of financial sustainability.
Dissolving an organization can be a difficult and emotional process, but there are steps you can take to ensure that the process of winding down your nonprofit is as smooth as possible.
Tax-exempt organizations generally operate for charitable or other beneficial purposes and therefore most income that they receive is exempt from tax under the Internal Revenue Code.
