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. Then, those accounts are further divided into subcategories. For example, assets usually start with 1.

Liability

GrantNews

MAY 8, 2024

This plan includes general liability insurance, commercial property insurance and business income insurance. These costs include rent/mortgage, utilities, office supplies and technology, as well as any regular maintenance that you need. The price of this insurance can vary depending upon the coverage plan chosen.

Insurance

Grant Writer Team

AUGUST 1, 2024

Risk Management : Identifies and addresses potential financial risks and liabilities. Effective financial oversight is crucial when managing grant funding, as it ensures that funds are utilized efficiently and in alignment with the grant’s objectives. What Does a Nonprofit Financial Oversight Committee have to do with Grant Funding?

Finance

Tech Soup

JANUARY 30, 2014

As set forth above, the contact person (on behalf of him/herself and/or the submitting group) understands that the individual or group will not receive any compensation (other than prize, if submission is determined to be a prize winner) and releases and agrees to hold harmless Sponsor from any liability in conjunction therewith.

IT

Blue Avocado

FEBRUARY 13, 2024

Once you have identified what resources you are saving and how you think they should be utilized, do your due diligence to make sure you’re following all applicable federal, state, and local laws as well as relevant court decisions. Lesson 2: Understand the laws.

Lobbying

Tech Soup

JANUARY 30, 2014

As set forth above, the contact person (on behalf of him/herself and/or the submitting group) understands that the individual or group will not receive any compensation (other than prize, if submission is determined to be a prize winner) and releases and agrees to hold harmless Sponsor from any liability in conjunction therewith.

IT

Tech Soup

APRIL 16, 2014

As set forth above, the contact person (on behalf of him/herself and/or the submitting group) understands that the individual or group will not receive any compensation (other than prize, if submission is determined to be a prize winner) and releases and agrees to hold harmless Sponsor from any liability in conjunction therewith.

Liability

Tech Soup

FEBRUARY 25, 2013

Suggestions on setting up your funding sources using the QuickBooks "Customer/Jobs" utility and your programs (what your organization does) using the QuickBooks "Classes" utility will be the subject of blog posts 3 and 4 in this series. Building Your Chart of Accounts. So What Exactly Is a Chart of Accounts?

Utilities

Get Fully Funded

MARCH 20, 2023

Expenses Staff Payroll Benefits Payroll taxes Contract staff Facilities Rent/mortgage Utilities (electricity, water) Pest control Maintenance Program Equipment Supplies Materials Mileage (specifically related to conducting your program’s activities) Administrative Office supplies Software (Quickbooks, donor tracking software, merchant account, etc.)

Budget

Tech Soup

OCTOBER 4, 2012

Policy Patrol Mail Security Bundle (admin fee: $60) prevents email-related issues like legal liability, damage to your reputation, and confidentiality breaches. SyncToy : Despite its name, SyncToy is a powerful utility to manage files in different locations, most notably in situations where you would routinely copy files to the same location.

Liability

Blackbaud

SEPTEMBER 7, 2024

This may include rent, utilities, repairs, and maintenance. Financial Statement Purpose Statement of Financial Position A snapshot of a nonprofit’s assets, liabilities, and net assets at a given point in time, showing its overall financial health.

Professional Services

Tech Soup

JULY 1, 2014

As set forth above, the contact person (on behalf of him/herself and/or the submitting group) understands that the individual or group will not receive any compensation (other than prize, if submission is determined to be a prize winner) and releases and agrees to hold harmless Sponsor from any liability in conjunction therewith.

Liability

Tech Soup

OCTOBER 7, 2014

As set forth above, the contact person (on behalf of him/herself and/or the submitting group) understands that the individual or group will not receive any compensation (other than prize, if submission is determined to be a prize winner) and releases and agrees to hold harmless Sponsor from any liability in conjunction therewith.

Liability

Tech Soup

MARCH 15, 2017

The person posting (on behalf of him/herself and/or the posting group) understands that the individual or group will not receive any compensation (other than prize, if submission is determined to be a prize winner) and releases and agrees to hold harmless Sponsor from any liability in conjunction therewith. b) Limitations of Liability.

Liability

Bonterra

APRIL 13, 2024

By utilizing corporate giving software, businesses can more easily track employee engagement insights and strategic philanthropy insights. The fund assumes legal liability for violation of anti-terrorism legislation such as the Patriot Act, allowing you to offload legal risk.

Software

Tech Soup

JANUARY 13, 2015

As set forth above, the contact person (on behalf of him/herself and/or the submitting group) understands that the individual or group will not receive any compensation (other than prize, if submission is determined to be a prize winner) and releases and agrees to hold harmless Sponsor from any liability in conjunction therewith.

Liability

Big Fundraising Ideas

NOVEMBER 26, 2024

For example, if $8,000 was raised and $7,000 spent on the playground equipment, explain how the remaining $1,000 will be utilized. Reduces liability risks for theschool. Detailed Reporting Once the fundraiser concludes, share a comprehensive breakdown of the income and expenses.

Ethics

Tech Soup

MARCH 30, 2015

As set forth above, the contact person (on behalf of him/herself and/or the submitting group) understands that the individual or group will not receive any compensation (other than prize, if submission is determined to be a prize winner) and releases and agrees to hold harmless Sponsor from any liability in conjunction therewith.

Liability

Center for Major Gifts

JUNE 16, 2024

Nonprofits can refuse to accept a property if it puts the nonprofit at risk of liability or unaffordable expenses. The nonprofit will conduct due diligence, including assessing the property’s condition, marketability, and potential liabilities. Maintenance fees, utilities, taxes, and insurance.

Pass-Through

Allied Grant Writers

OCTOBER 19, 2021

Instead, they must utilize the funds for the specified purpose, which is usually to benefit a broader good. This is to protect both the board and staff from legal liabilities. Thus, it’s necessary to utilize your goals to steer your grant search as you begin grant writing for nonprofits and securing funds.

Grant Writing

Allied Grant Writers

OCTOBER 19, 2021

Instead, they must utilize the funds for the specified purpose, which is usually to benefit a broader good. This is to protect both the board and staff from legal liabilities. Thus, it’s necessary to utilize your goals to steer your grant search as you begin grant writing for nonprofits and securing funds.

Grant Writing

Peak Proposals

NOVEMBER 10, 2021

Without unrestricted sources of funding, you cannot cover your executive director’s salary, the salaries of your administrative staff (which includes grant writers), or ongoing costs like rent and utilities for your office. Fundraising activities and events must comply with local laws and carry adequate liability insurance.

Nonprofit

Tech Soup

AUGUST 10, 2015

As set forth above, the contact person (on behalf of him/herself and/or the submitting organization) understands that the individual or organization will not receive any compensation (other than the prize, if submission is determined to be a prize winner) and releases and agrees to hold harmless Sponsor from any liability in conjunction therewith.

Liability

Planned Giving

FEBRUARY 12, 2025

However, for those with estates exceeding this amount, advanced planning is essential to minimize tax liabilities and ensure a smooth transfer of wealth. Utilizing these tools can streamline the process and ensure that your documents are organized and accessible. With the federal estate tax exemption set at $11.7 million until 2025.

Liability

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. Consider digital programs and utilizing QR codes. Now, go forth and fundraise!

Contract

Planned Giving

SEPTEMBER 9, 2024

In estate planning, trusts are often utilized to transfer assets to beneficiaries without the need for probate, streamlining the process and maintaining privacy. Bill Payments: Trustees might also need to use trust assets to cover expenses such as attorney fees, utility bills, or healthcare costs.

Liability

Planned Giving

FEBRUARY 13, 2025

Home Insurance : Covers property damage and liability. Whether you utilize modern online tools or consult with a qualified estate attorney, effective estate planning is a profound way to protect and provide for those you care about. Types of Insurance Policies Life Insurance : Provides financial support to your beneficiaries.

Insurance