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How to Improve Your Internal Controls to Minimize Audit Findings

Blackbaud

Compliance with Laws and Regulations: Nonprofits must comply with various laws and regulations, including those related to tax-exempt status, fundraising, and financial reporting. Examples include backup procedures, disciplinary action, and insurance. Train Staff: Provide training to staff on internal control policies and procedures.

Policy 73
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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.

Goals 52
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Is There An Inequality Tipping Point for Nonprofits?

Blue Avocado

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. But we need to prepare now. At the same time, philanthropy can pursue the same end.

Nonprofit 107
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10 Tips for Managing Crisis Volunteers in Natural Disasters

Blackbaud

Mitigate Risks Before deploying spontaneous volunteers to a disaster zone, check your insurance policy. You might need a rider, so discuss coverage with your insurance agent.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Approval as a 501(c)(3) entity is necessary in order to begin your fundraising efforts. If your fundraising goal is under $50,000, you would likely be eligible to file Form 1023-EZ (short form) at an approximate cost of $275 (as of 2018). Nonprofit Insurance Many nonprofits purchase nonprofit insurance when starting their organization.

Insurance 117
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Why You Should Run Your Nonprofit Like a Business

Get Fully Funded

And you need policies, procedures, and processes. Drafting an organizational budget based on fundraising is challenging for sure. With this data and experience, you’ll be able to make better projections and create more accurate budgets and fundraising plans. You have to establish your brand. You need a marketing plan.

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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.

Insurance 104