Remove Insurance Remove Liability Remove Readiness
article thumbnail

Understanding Fiscal Agents: What They Do and When You Need One 

Wild Apricot

It works well for groups that aren’t yet ready to incorporate or don’t plan to become a formal nonprofit. You’re seeking help beyond finances, like HR, liability coverage or insurance. Meanwhile, your group focuses on the actual mission-based work — whether it’s running programs, organizing events or building community support.

article thumbnail

The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Liabilities. These appear on the statement in order of payment due date, with short-term investments listed above long-term liabilities. On your balance sheet, youll calculate your nonprofits net assets by subtracting your total liabilities from your total assets. Youll typically list these in order of liquidity (i.e.,

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Primary School Fundraising Ideas for Every Season | Big Fundraising Ideas

Big Fundraising Ideas

If you plan to serve alcohol (where permitted), check local regulations and appropriate insurance needs. Winter Fundraising (January and February) Why it works: After the indulgences of the holidays, many people are ready for healthier habits. Ready to amplify your school fundraising success ? Theres no single best time.

article thumbnail

10 Tips for Managing Crisis Volunteers in Natural Disasters

Blackbaud

Keep appropriate waivers and liability forms ready for volunteers to sign. 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.

article thumbnail

The downsides of starting a nonprofit organization

Candid

You may also have legal fees and operational costs, such as office space, salaries, and insurance. Nonprofits are required by the IRS to keep detailed records, and there is a lot more paperwork for nonprofits than for other organizations, such as Limited Liability Corporations (LLCs). Whatever you decide, we’re here to help.

article thumbnail

Which Fundraising Events Bring in the Most Money for Small Nonprofits?

Get Fully Funded

Pay attention to the donor/attendee experience, then weigh out the potential cost and get ready to PLAN, PLAN, PLAN! You may want to host an event like this at a local restaurant that has a liquor license and general liability insurance. Consider how much time and energy it will take to make your event successful.

article thumbnail

Types of Nonprofits: A Comprehensive Guide

Qgiv

501(c)(2) : This type of tax-exemption is for exempt organizations to create a corporation to hold the title to property the organization owns to minimize liability risks of losing the property. While the public can make contributions to these organizations, private citizens can’t create one because they’re created by congress.