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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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Finance: AMA Pushes For Charity Care Accountability

The NonProfit Times

Image from [link] Members of the American Medical Association (AMA) voted to support greater oversight of nonprofit hospitals and standardization of charity care policies so financial assistance reaches patients in need. AMA policy-makers also discussed increased enforcement on nonprofit hospitals that provide little or no community benefit.

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Don’t Take a Vacation from Your Donor Communication

Ann Green's Nonprofit

Maybe this sounds impossible, especially if you’re a small organization and worried about your finances, but you can do this! Will certain policies or funding cuts affect your organization? Continuing to stay in touch with your donors will help you when you launch your fall fundraising campaign. Most likely, the answer is yes.

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Community Boost

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Financial Sustainability for Nonprofits: 4 Considerations

Ann Green's Nonprofit

Before you can grow, you should have a strong accounting infrastructure that consists of: Fiscal policies and procedures. Create a shared fiscal policies and procedures handbook for easy reference across departments. According to Jitasa , most nonprofits start out using the cash accounting method to track their finances—i.e.,

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How to Improve Your Internal Controls to Minimize Audit Findings

Blackbaud

Financial Accountability: Donors, grantors, and the public trust nonprofits to manage their finances responsibly. 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.

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8 Tips for Supporting Your Grantees After a Significant Award

Blackbaud

Encourage Your Grantees to Establish an Investment Committee Your grantees likely have finance committees as part of their Boards, but with a sizeable gift that wont all be allocated immediately, they need to create an Investment Committee as well.