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The Four Core Statements of Nonprofit Financial Reporting

Blackbaud

In this blog, we’ll explore the four core financial statements every nonprofit needs: the Statement of Activities, Statement of Financial Position, Statement of Cash Flows, and Statement of Functional Expenses. Net Assets: Net assets represent the difference between total assets and liabilities.

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What’s Your End-of-Year Strategy for Planned Gifts of Assets?

Blackbaud

He was a donor to one of our charity clients and we had talked about the possibility of gifting assets to reduce or eliminate tax liability. He was facing a significant tax liability if he didn’t get this completed before the calendar rolled into January. Bunching offers donors the possibility of minimizing tax liability.

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4 Nonprofit Financial Statements and How to Create Them

Blackbaud

Gather Financial Data Collect all your nonprofit’s essential financial information, including: Income Expenses Assets Liabilities Details on restrictions This data should ideally already be stored and readily available in your accounting software. Your bookkeeping practices throughout the fiscal year matter.

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10 Tips for Managing Crisis Volunteers in Natural Disasters

Blackbaud

Keep appropriate waivers and liability forms ready for volunteers to sign. The post 10 Tips for Managing Crisis Volunteers in Natural Disasters first appeared on The ENGAGE Blog. Develop a screening procedure in “normal” times to make crisis screening easier.

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The downsides of starting a nonprofit organization

Candid

Nonprofits are required by the IRS to keep detailed records, and there is a lot more paperwork for nonprofits than for other organizations, such as Limited Liability Corporations (LLCs). To learn more about such filings and paperwork, read our blog 4 essentials of e-filing your nonprofit’s Form 990. Shared control.

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Share Your Green Tech Story and Win a Laptop or Tablet!

Tech Soup

All three winning stories will also be published on the TechSoup.org blog, and will be promoted in our By The Cup and New Product Alert newsletters, as well as our Twitter and Facebook channels. The winning stories will also be featured on the TechSoup_Impact blog at TechSoup.org as Featured Stories in May 2015. Winner Determination.

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Connecting the dots: Fighting for equity through a data partnership 

Candid

When the Supreme Court gutted race-conscious admissions last summer and the American Alliance for Equal Rights followed with a lawsuit against the Fearless Fund, some in the philanthropic sector feared that demographic data had become a potential liability.