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“Internal controls” are financial management practices that serve as a "checks and balances" to avoid the misuse and misappropriation of assets. National Council of Nonprofit's Internal Controls for Nonprofits provides:
Financial Management
With program demands and financial stresses on nonprofits likely to increase in 2021, how can public and private partnerships work better together to support fragile nonprofit operations and disrupted service delivery systems caused by COVID-19? How can they complement and leverage each other’s resources to strengthen nonprofits’ capacity to continue to deliver vital services? This workshop will explore the opportunities and challenges of these partnerships to support the nonprofit sector in the new world order.
These days, many organizations are asking themselves: Could we have been better prepared? While organizations use strategic planning to prepare for opportunities and challenges and to chart a course forward, nonprofits have spent 2020 adapting and evolving, and are taking a new look at future strategic planning needs.
This program is designed to strengthen the financial resilience of nonprofit organizations in North Carolina. Intended for both funders and nonprofit leaders, the program will begin with an introduction to the concept of “full cost” funding and budgeting as strategies to support nonprofit financial health. Full cost goes beyond programmatic budgeting to include things like having working capital to pay bills on time and having reserves to manage risks or opportunities.
In this webinar, learn about the factors driving the nonprofit insurance crisis, resulting in non-renewals of overall insurance programs or certain lines of coverage within their insurance program, or renewals only with steep increases in cost and/or a reduction in coverage. Such factors include:
Planned giving programs can be a sustainable long-term component of your nonprofit's fundraising strategy. But with a confusing array of jargon – charitable gift annuities (CGAs), charitable remainder annuity trusts (CRATs), actuarial determination, and so on – knowing where to start is daunting. Below are resources explaining the types of planned giving programs, how to market planned giving, and sample appeal letters to get your organization on the path to fundraising for the long-term.
Start a Planned Giving Program
The Nonprofit Finance Fund (NFF) is a national nonprofit with offices across the US which offers educational materials on nonprofit financial management. Their Fundamentals for Nonprofits offers a wealth of templates, workbooks, and self-assessment tools.
- Nonprofit leaders from across North Carolina held a press conference yesterday calling on NC’s congressional delegation to move swiftly to pass another robust COVID-19 relief package.
Last updated 9/17/2020
Jaime Campbell, CPA, Tier One Services, LLC
Auditing is an information service. As such, many forward-thinking auditors have already been working virtually for years, as evidenced by their vacation photos posted on Facebook while they were conducting “analytical procedures” from their laptops, which they bring with them everywhere, including the bathroom.
Cybercriminals are becoming evermore sophisticated in their attempts to infect your device or con you out of sensitive information about your organization. Login credentials to your online accounts that host financial information or data about the constituents your nonprofit serves are all valuable commodities to obtain and exploit, particularly by getting one of your staff to reveal a key piece of information when they respond to a malicious email.