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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. Risk Management: Internal controls help identify and mitigate risks, protecting the organization from financial loss and reputational damage. Examples include backup procedures, disciplinary action, and insurance.

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

Wild Apricot

Running a nonprofit comes with a long to-do list – raising funds, managing programs, keeping records, staying compliant – the list goes on. A fiscal agent is an organization, typically an established nonprofit, that manages money and administrative tasks on behalf of another group. What Is a Fiscal Agent?

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4 Nonprofit Financial Management Challenges (& Solutions)

Get Fully Funded

When you start a nonprofit, one of the most important things to figure out is how to manage your organizations finances. As your organization expands and evolves, many complexities can arise, making financial management more difficult for your team. Lets get started! Visualize your actual financial data and compare it to your budget.

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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.

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Fundraising Salaries Stabilize as Median Pay Outpaces Inflation, AFP Report Finds

NonProfit PRO

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Understanding Nonprofit Overhead: Strategies for Transparency and Efficiency in 2025

Blackbaud

Office of Management and Budget (OMB) revised their uniform guidance in 2024, increasing the de minimus (or standard) rate allowed for indirect costs—overhead for federal grants—from 10 to 15%. But overhead expenses have also been the focus of recent policy changes as well. On the positive side, the U.S.

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How to Launch a Planned Giving Program: A Step-by-Step Guide

Planned Giving

” Life Insurance Gifts : “Making our organization the beneficiary of a policy you no longer need.” 6 Establish Gift Acceptance Policies ADVANCED (IMPORTANT, BUT NOT URGENT) Start simple. Your policies protect your nonprofit legally and set internal expectations. Later, you can expand.