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7 Emerging Trends for 2025: Is Your Nonprofit Prepared?

GrantNews

By expanding liability protection for food donors (many of them businesses) vital In-Kind Support has been provided to critical programs to improve the quality of live to local citizens since January 5, 2023. Grant-seekers can then add grants of interest to their Grants Calendar to ensure deadlines are not missed.

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Community Boost

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Basics of Nonprofit Accounting: 4 Documents to Know

The Fundraising Coach

Liabilities (account numbers beginning with 2000): Everything your nonprofit owes, including debt, deferred revenue, and accounts payable. Net Assets (account numbers beginning with 3000): What your nonprofit is worth, calculated by subtracting your total liabilities from your total assets. Statement of financial position.

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Statement of Activities (SOA): A Nonprofit’s Income Statement Equivalent

Blackbaud

Additionally, many grant applications and reports require audited financial statements, including the SOA. Financial Statement Purpose Statement of Financial Position A snapshot of a nonprofit’s assets, liabilities, and net assets at a given point in time, showing its overall financial health.

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Why Celebrity iCloud Hacking Should Matter to Your Nonprofit

Tech Soup

No doubt that's a simplistic view of a complicated process, but what really concerns me is the perpetrators were able to access text messages, calendars, address books, phone call logs, real-time GPS of where people were at any given time, and any other data that was saved or backed up to the cloud.

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Nonprofit Accounting Basics: 5 Fundamentals to Know

Get Fully Funded

However, this information is only useful if you summarize and organize it in a way that allows you to glean applicable insights into your organization’s financial situation. Also called a balance sheet, this statement breaks down your nonprofit’s assets and liabilities to provide a snapshot of your organization’s financial health.

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Treasurers of All-Volunteer Organizations: Eight Key Responsibilities

Blue Avocado

Manage the Filings Keep a calendar of filing requirements and assign responsibility. File Form 1099-MISC to report payments totaling more than $600 per calendar year to such persons. Late fees and penalties can be very costly and diminish stakeholder confidence. Forms and related instructions are available at the IRS website.

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