GrantNews

JULY 19, 2024

Navigating the tax framework supporting grant money requires careful consideration to ensure compliance with IRS regulations and avoid potential tax liabilities. Winners receive training and other resources to assist in project development. Are you familiar with the rules and requirements?

Grant

Planned Giving

NOVEMBER 2, 2023

Being specific helps remove doubt as the policy is passed to new interpreters, preserves relationships with donors by offering a board-approved policy instead of a subjective opinion on their gift and avoids unintended liabilities for the organization. Train other staff members to identify these opportunities to update the policy as well.

Policy

Get Fully Funded

MAY 4, 2021

Without a handbook, volunteers may feel disconnected and unsure of their role and responsibilities because once training is over, there are no materials for them to reference later. Training opportunities: At minimum, you need an orientation to go over information in the handbook. Is there a liability release everyone must sign?

Policy

GrantNews

MARCH 13, 2024

Good Samaritan laws grant liability protection to folks who offer reasonable assistance to those who are hurt, sick, in danger, or otherwise incapacitated. A Good Samaritan is someone who is helpful to someone in distress; it’s a person who shows kindness to strangers and loved ones alike.

Liability

GrantNews

MAY 8, 2024

Nonprofits often use a lawyer to get a set of ‘trained professional eyes’ on their documents. This plan includes general liability insurance, commercial property insurance and business income insurance. Having a legal perspective helps ensure the paperwork filed has all the accurate information required.

Insurance

Get Fully Funded

AUGUST 16, 2024

Most COAs are organized into five categories: assets, liability, net assets, revenue, and expense accounts. Liabilities usually start with 2, net assets with 3, revenue with 4, and expenses with 5 and beyond. Train your team on data hygiene best practices to ensure everyone who edits your COA follows the same standards.

Liability

Candid

DECEMBER 6, 2022

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). If you aren’t a fan of paperwork, this might be a major factor to consider when thinking about starting a nonprofit organization.

Liability

Big Fundraising Ideas

SEPTEMBER 24, 2024

Navigating Liability: Top Digital Waiver Tips for Schools Fundraising is necessary for the vast majority of schools-but that doesn’t mean that it can’t be fun and exciting. When signed, waivers show that the participant has acknowledged any risks and agreed to release the provider from liability for damages.

Liability

Get Fully Funded

FEBRUARY 20, 2023

If you want to see your exciting vision for the future come true, get your Board trained so they understand and embrace their roles and responsibilities. Your staff will no longer be frustrated and Board members will understand how they can best support the team.

Strategic Plan

Just Write Grants

SEPTEMBER 6, 2023

Balance Sheet : Provides a quick overview of the nonprofit's financial position at a specific point in time, detailing its assets (what it owns), liabilities (what it owes), and equity (the net assets or funds available to the organization). Intangible Assets : Intellectual property like training materials or educational programs.

Finance

Red Tape Busters

NOVEMBER 1, 2023

For instance, when tender writers fail to thoroughly review insurance requirements, penalty clauses, or dispute resolution processes, it can leave their organisation vulnerable to unexpected liabilities. This may involve hiring new talent, training existing staff, or collaborating with external partners.

Contract

Get Fully Funded

MARCH 20, 2023

Printing/postage Fundraising expenses Phone/internet Marketing expenses (graphic design, advertising) Professional development (training and conferences) Memberships, affiliations (dues & subscriptions) Travel/mileage/parking Insurance (liability for the facility, errors and omissions for Board, worker’s comp, etc.)

Budget

Qgiv

AUGUST 10, 2022

In addition, you may find it helpful to use the Nonprofit.Courses’ guide to nonprofit board training as a resource to further improve your onboarding work. That level of knowledge builds over time with ongoing training at board meetings, through tours, at events, and by other means. Be open to further education and training.

Finance

Tech Soup

SEPTEMBER 9, 2014

Adopt an Acceptable Use Policy and Train Staff on It! If you don't have an acceptable use policy, there are a lot of templates and samples of language online, but most of it is pretty dry, legal jargon defining liability and expectations. Learn how to develop a secure backup strategy for your organization.

Policy

Qgiv

JUNE 30, 2021

Human resources (HR) is an essential aspect of any organization, as they are instrumental in recruiting, screening, hiring, training, and paying employees. An HR department has three main objectives in an organization: hire employees, train new hires, and maintain worker happiness. What if you consistently miss paychecks?

Nonprofit

Qgiv

APRIL 26, 2021

These are: Event Registration Bidding Software Text Fundraising Livestreaming Platforms Volunteer and Staff Management Online Shop Video Editing Software Graphics Software Event Day Solution Liability Waivers. Offer training and orientation online. Liability Waivers. Liability waivers are essential to many virtual events.

Software

Candid

MARCH 19, 2024

You’ll just need to fill out a few required fields, including your organization’s fiscal year, revenue, expenses, assets, and liabilities. You can earn a Gold Seal of Transparency without sharing an audited financial statement. Find step-by-step guidance in our help article.

Metrics

Assel Grant Services

MAY 6, 2024

Disclaimer of Opinion – This type of report shows a company is not compliant with GAAP guidelines and portrays gross misstatements on its assets and liabilities. This is a trained set of eyes reviewing financial records and formatting them according to GAAP standards. This can be in the $500-$5,000 range.

GPC

DoJiggy

JULY 23, 2024

The Statement of Financial Position (AKA The Balance Sheet) The Statement of Financial Position provides a snapshot of the organization’s financial status at a particular point in time, detailing assets, liabilities, and net assets. Liabilities are what your organization owes to vendors, employees, or others.

Nonprofit

Qgiv

JULY 24, 2024

Legal oversight protects your organization from liabilities, reinforces its credibility, and upholds its reputation. Members should participate in ongoing training sessions, workshops, and evaluations to stay current with best practices in nonprofit management.

Nonprofit

Qgiv

NOVEMBER 18, 2021

Before you head out with your team of volunteer wrappers, host a training session to make sure they’ve got the folding and taping skills they need for your fundraiser. Set up a website, event registration form, and liability waiver with a reliable fundraising platform. Unique fundraising ideas. Polar plunge.

Fundraising

Qgiv

AUGUST 27, 2021

Additionally, even if a vendor is providing something as a part of their in-kind sponsorship (or just for free because they’re awesome), you’ll still want to have a contract for liability reasons while they’re onsite at your event. Your in-kind contracts will most likely not need to be as robust.

Contracts

The NonProfit Times

JANUARY 9, 2025

AI systems rely on vast amounts of data to train and improve their algorithms, and nonprofit leaders must ensure that the data they collect is used in accordance with applicable federal, state, and international privacy laws and regulations. Tort Liability. Data Privacy. Discrimination.

ChatGPT

The NonProfit Times

NOVEMBER 7, 2024

Your staff members should be fully trained and familiar with your emergency response plan. Conduct drills to ensure your nonprofit is ready for an emergency and require all who are on-site on training day to participate. Many times, they will assume liability when they are responding to criminal activity at your facility.

Liability

Blue Avocado

OCTOBER 22, 2024

Tracking volunteers can help protect volunteers and the nonprofit from certain forms of liability and provide helpful data for planning future programs and events. It is vital at this juncture that you get set up with a proper chart of accounts and get the necessary training from someone with nonprofit accounting experience.

Budget