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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. Examples include reconciliations , audits, and exception reports.

Policy 72
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10 Tips for Managing Crisis Volunteers in Natural Disasters

Blackbaud

In natural disasters, the training and quick action of first responders and emergency services save lives and livelihoods. Screen Every Volunteer Spontaneous crisis volunteers need to be screened so they can be given suitable roles and be properly registered and trained. Resources the volunteer can provide (boat, truck, chainsaw, etc.)

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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? Current estimates are that nearly five million households are behind on rent, adding up to a total rent debt of $9 billion.

Finance 66
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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.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Nonprofits often use a lawyer to get a set of ‘trained professional eyes’ on their documents. 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.

Insurance 117
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GAAP for Nonprofits: How to Reconcile GAAP and Non-GAAP Results

Blackbaud

With good training, clear reporting, and a little patience, you can help your nonprofit Board members understand the difference between the GAAP results your accounting team needs and the non-GAAP results presented by other areas of the organization.

Insurance 104
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7 Ways Your Nonprofit Can Build a Strong Financial Foundation in 2024

Blackbaud

Create an Operating Reserve Fund (or Review Your Policy) An operating reserve is a crucial part of creating a strong financial foundation for your organization. Tip 1: If you have an operating reserve, review your policy. Update the policy based on your current and future needs.