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The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Because your organization cant turn a profit by definition, the goal of tracking your finances is to demonstrate to donors, funders, the government, and the community that youre using your funding responsibly to further your mission. Accountability is at the heart of nonprofit accounting.

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Reflections from the Legal World: A Summer in Personal Injury Law

HSF House

Every day is a web of emails, calls, and negotiations with insurance companies, hospitals, and other firms. It’s definitely sedentary work, but it’s also intense in a way I didn’t expect. That was one of the first surprises. This personal injury law office is buzzing with communication.

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Reflexivity Compass Points

HSF House

By Samuel Salib Over the summer, I’ve learned a lot about healthcare access, and my perspective has definitely shifted since the beginning.

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Decoding Intestate Succession: Who Inherits Your Estate?

Planned Giving

Understanding the legal definitions of family relationships is crucial, especially in blended families. Understanding these nuances helps in determining who may receive these assets. Common Order of Intestate Succession The order of succession dictates who inherits the estate based on their relationship to the deceased.

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Boy Scouts Of America Rebrands To Scouting America

The NonProfit Times

billion, although that figure did not include additional potential contributions from the BSA’s insurers that had not settled at the time. Furthermore, 31% said the changes definitely resulted in increased retention and 36% said it was too soon to tell. In some cases, rebranding also yielded organization cultural benefits.

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The downsides of starting a nonprofit organization

Candid

However, there are definite costs associated with operating at the state level, filing with the IRS, and registering for charitable solicitation. You may also have legal fees and operational costs, such as office space, salaries, and insurance.

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How to Plan a Fundraiser for Your Small Nonprofit

Get Fully Funded

6 Steps to Plan a Fundraiser Holding a fundraiser is definitely not a “build it and they will come” activity. Is special insurance needed? If you’re holding your event at a public venue, many times the venue will require you to carry an insurance rider to protect them if anyone should get injured. Do you need volunteers?