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How to Improve Your Internal Controls to Minimize Audit Findings

Blackbaud

Internal controls help protect these assets from fraud , theft, and misuse, ensuring that funds are used for their intended purposes. Strong internal controls promote financial transparency and accountability, demonstrating that funds are being used ethically and effectively. Update controls as needed to address emerging risks.

Policy 72
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Supporting nonprofit and mission-driven affordable housing providers 

Candid

But it has always been precarious, relying on a combination of government funding and razor-thin operating margins. This lowers property revenue, even as material, labor, and insurance costs risea combination thats making building and operating affordable housing extremely difficult, or even infeasible. How did we get here?

Finance 66
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Is There An Inequality Tipping Point for Nonprofits?

Blue Avocado

The wealthy have already begun their exit from supporting societal crises through funding the government. As smaller donations continue to decline, the philanthropic system is at risk of catastrophic failure if high-net-worth individuals, driven by natural human fears, feel a need to give less and less as insurance against a dangerous future.

Nonprofit 107
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​A nonprofit Swiss Army knife: How fiscal sponsorship works to help advance shared goals

Candid

This way, changemakers dont need to create a new nonprofit from scratchwhich requires IRS tax-exempt status, a board of directors, a bank account, accounting, charitable registration, insurance, human resources, an audit, and state and federal filings. Other fees may apply depending on the sponsor.

Goals 52
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Meeting the mental health needs of older adults through community programs 

Candid

Policy shifts, including cuts to Medicare and Medicaid and services such as Meals On Wheels, impact older adults’ access to care, especially among those relying on public insurance or fixed incomes. By integrating with health care systems or other partners, they can demonstrate cost savings and secure diversified funding.

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GAAP for Nonprofits: How to Reconcile GAAP and Non-GAAP Results

Blackbaud

So, while bequests, insurance policies and planned gifts are exciting for the organization, those donations won’t be reflected in the GAAP reporting. Kudos to your development team for getting the payout from an insurance policy of a 45-year-old. How Development and Finance Can Get Along (Really!)Does

Insurance 104
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What Are 7 Common Nonprofit Startup Costs?

GrantNews

While forming a nonprofit can be a long and stressful process, we hope this list brings some clarity to what costs you will need to set aside to adequately fund your nonprofit venture. Nonprofit Insurance Many nonprofits purchase nonprofit insurance when starting their organization. Funding offsets start-up costs.

Insurance 117