Remove Insurance Remove Management Remove Policy
article thumbnail

10 Tips for Managing Crisis Volunteers in Natural Disasters

Blackbaud

If you don’t have a volunteer management strategy in place, an influx of self-deployed crisis volunteers can increase rather than reduce the chaos. 10 Tips for Managing Crisis Volunteers Before the next crisis, put these volunteer management strategies in motion so you can help your helpers meet your community’s needs.

article thumbnail

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.

Policy 72
Insiders

Sign Up for our Newsletter

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

article thumbnail

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.

article thumbnail

​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
article thumbnail

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

Blackbaud

The quandary that faces every nonprofit management team is how to communicate the difference in GAAP to non-GAAP operating results. So, while bequests, insurance policies and planned gifts are exciting for the organization, those donations won’t be reflected in the GAAP reporting.

Insurance 104
article thumbnail

Why You Should Run Your Nonprofit Like a Business

Get Fully Funded

And you need policies, procedures, and processes. Are you managing risk? Even in the early days when the donut shop is struggling financially, appropriate insurance is required. So work with an insurer or an insurance broker to understand the coverage you need to best protect your organization and its liability.

article thumbnail

Lessons From Debby: 5 Things Before Severe Weather Hits

The NonProfit Times

But is flooding covered under a typical commercial insurance policy? Rushing : Flood coverage is not typically included in a commercial insurance policy. Although you might be able to purchase flood insurance from your carrier or add it to your policy, many managers do not.