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The Four Core Statements of Nonprofit Financial Reporting

Blackbaud

What’s Included The Statement of Activities is divided into three primary sections: Revenue : This includes income from donations, grants, program fees, investment returns, and any other funding sources that fuel your nonprofit’s mission. Net Assets: Net assets represent the difference between total assets and liabilities.

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7 Emerging Trends for 2025: Is Your Nonprofit Prepared?

GrantNews

In effect, increasing volunteer involvement and donations. To illustrate, the Food Donation Improvement Act(FDIA) was signed into law, specifically, to improve food insecurity and reduce food waste. Above all, donors want to see the real-world impact created with each donation to a cause. The research is clear.

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How Government Grants Are Changing Grant-Making Policies

GrantNews

To illustrate, On January 5, 2023, the bipartisan supported Food Donation Improvement Act (FDIA) was signed into law. Specifically, to improve food insecurity and reduce food waste by expanding liability protection for food donors. Above all, bipartisan decision makers work together to improve our quality of life as a collective whole.

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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.

Liability 111
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Crypto fundraising: diversifying donations for GivingTuesday

Candid

Many 501(c)(3) organizations lack the resources and technical experience to directly accept cryptocurrency donations, and the vast majority are unaware of publicly available infrastructure that can be used to simplify the process. Introduce a new asset class and (tax-advantageous) method of donating .

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Nonprofit Financial Statements: An Overview + Top Insights

Pamela Grow

360MatchPro reports an increase in individual donations and corporate philanthropy in recent years—two common nonprofit revenue sources. Essentially, it shows a snapshot of your organization’s annual financial health by comparing assets and liabilities. Liabilities. Net assets.

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The Legal Process of Tax Exemption and Fundraising

DoJiggy

Donor deductions, encouraging donations by offering tax breaks for contributors. One of the most significant benefits of forming an LLC is limited liability, which helps protect personal assets. Transparency and Disclosures : Federal and state laws often require organizations to disclose how donated funds will be used.