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Building Trust and Accountability: A Guide to Nonprofit Internal Controls Policy

Blackbaud

A well-implemented internal control policy. An internal control policy is the backbone of an organizations internal controls a set of rules and processes designed to protect its resources, ensure accurate reporting, and promote operational efficiency. Do All Nonprofit Organizations Need an Internal Control Policy? Absolutely.

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Pre- and Post-Award is like PB&J

RBW Strategy

What is your policy related to conflicts of interest? The best way to reduce organizational risk and to ensure that your organization incorporates the requirements of 2 CFR 200 is to develop robust policies and procedures. Start with the highest priority policies and then go from there. If its not written down, does it exist?

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Preparing for the Inevitable: How Grantmakers Can Thrive Amid Climate Events

Blackbaud

Employee Roles and Responsibilities Define clear policies regarding employee roles, especially for those who might help with on-the-ground cleanup efforts versus those who will keep the organization running. Define clear policies on when and how this fund can be used, particularly in the event of a climate disaster.

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How to Improve Your Internal Controls to Minimize Audit Findings

Blackbaud

Your control activities are the specific policies and procedures you implement to mitigate risks and achieve organizational objectives, such as spending limits on your purchase cards. Develop Policies and Procedures: Create written policies and procedures that address identified risks and outline control activities.

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What do nonprofits need from funders at this moment?

Candid

One survey respondent noted, As government policies and economic conditions shift, having the ability to allocate resources where they are needed mostwhether for direct client assistance, operational support, or emergency responseensures we can continue to serve our community effectively.

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What Every Nonprofit Needs to Know About Financial Audits

Blackbaud

Compliance audits, which ensure your nonprofits adherence to federal, state, and local government regulations, as well as your organizations bylaws and other policies across all aspects of your work. The post What Every Nonprofit Needs to Know About Financial Audits first appeared on The ENGAGE Blog by Blackbaud.

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Understanding Endowments: Purpose, Protection, and Stewardship

Blackbaud

In this blog post, you’ll get a breakdown of what endowments are and why it’s important for your financial team to understand those obligations to your donors and to your organization’s long-term financial stability. The Role of Spending Policies Organizations establish spending policies to ensure that endowment funds are used wisely.