Functional expense allocations and the program expense ratio are crucial aspects of financial transparency for nonprofits. Learn why properly allocating expenses into categories like program services, management, and fundraising not only provides a clear financial picture but also significantly impacts the organization’s public image, fundraising potential, and IRS compliance.
In the nonprofit world, governance and leadership are the cornerstones of organizational success. Learn about some common governance and leadership risks that nonprofits must address to ensure long-term sustainability.
Financial risks are an unavoidable reality for nonprofit organizations, but with strategic planning and a proactive approach, these risks can be managed effectively. Learn how your organization can address these risks head-on to achieve long-term sustainability and make an even greater impact.
The IRS has issued a key memorandum concluding that most NIL collectives do not qualify for tax-exempt status. Learn more about the implications for universities, collectives, and the future of NIL programs.
Nonprofits need to cultivate a new type of workforce by adopting a more operational mindset and investing in technology, which will attract top talent
Discover how a company reduced its manual invoicing process from 5 days to 30 minutes, improving efficiency and gaining valuable data insights without a costly system overhaul.
Starting a nonprofit isn’t the only way to make an impact. Four effective alternatives include partnering with an existing organization, using fiscal sponsorship, creating a donor-advised fund (DAF), and establishing a social enterprise. Each option offers unique benefits and provides greater flexibility in achieving philanthropic goals.
Nonprofits that learn how to navigate digital transformation are better positioned to thrive. But the unique constraints on nonprofits necessitate a different approach to digital transformation.
In the intricate world of 401(k) plan management, understanding the distinction between fidelity bonds and fidelity insurance is crucial. Explore how to strategically leveraging both fidelity bonds and fidelity insurance, to safeguard your plan’s assets and uphold your fiduciary responsibilities with confidence.
Learn why TTA is so essential and how you can avoid common pitfalls while ensuring compliance.
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