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How to Improve Your Internal Controls to Minimize Audit Findings

Blackbaud

Examples include backup procedures, disciplinary action, and insurance. 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. Update controls as needed to address emerging risks.

Policy 73
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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 as climate change is manmade, it may have not just ecological but also sociological tipping points.

Nonprofit 107
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Supporting nonprofit and mission-driven affordable housing providers 

Candid

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? This system has had success in ensuring housing solutions are community-driven and community-led.

Finance 66
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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. It is best to expect zero cell reception in a disaster zone. Schedule Shift Work Disaster work is complex and intense. Remind them to hydrate and rest.

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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. How does fiscal sponsorship work?

Goals 52
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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Nonprofit Insurance Many nonprofits purchase nonprofit insurance when starting their organization. Business insurance is to protect nonprofits from any claims against the nonprofit made as a result of normal operations. The price of this insurance can vary depending upon the coverage plan chosen.

Insurance 117
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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. According to The National Coalition on Mental Health and Aging, the number of people aged 65 and older in the U.S. million by 2030.