Advice based on dozens of interviews with leaders who've gone through hard times and on related texts and articles to encourage leaders to share the burden of managing financial difficulties.
© North Carolina Center for Nonprofit Organizations, Inc. From Common Ground, a publication of the N.C. Center for Nonprofits, www.ncnonprofits.org.
Overhead. Administrative costs. Indirect costs. Whatever term you use, the perception of these costs by the public and by donors is one of the greatest sources of frustration for nonprofit professionals. But there is hope on the horizon, as explained in this article from the N.C. Center for Nonprofits' Common Ground publication.
The board of directors is responsible for hiring, and establishing the compensation (salary and benefits) of the executive director/CEO by identifying compensation that is "reasonable and not excessive," but that also is attractive enough to retain the best possible talent to lead the organization.
Translate your annual operating budget into a detailed cash flow projection over the course of a fiscal year with the templates below.
Cash Flow Template (Propel Nonprofits)
Cash Flow Projection Template (Nonprofit Finance Fund)
Annual Electronic Filing Requirement for Small Exempt Organizations — Form 990-N (e-Postcard) - Most small tax-exempt organizations whose annual gross receipts are normally $50,000 or less ($25,000 for tax years ending after Dec. 31, 2007 and before Dec. 31, 2010) are required to electronically submit Form 990-N, also known as the e-Postcard, unless they choose to file a complete Form 990 or Form 990-EZ instead.
Analyzing Financial Information Using Ratios - Nonprofit leaders seeking to understand their organization's financial situation usually start by reviewing the financial reports. Beyond understanding the reports, much can be learned from analysis of the information and interpretation of what it is telling you. For a more technical financial analysis, rations can be used to deepen understanding and interpretation.
From the Nonprofit Quarterly, this guide is a summary of the eight key business principles that should guide financial leadership practice.
An Executive Director’s Guide to Financial Leadership
If your nonprofit receives in-kind gifts or donated services, you may wonder whether and how to record them in your financial records. From an accounting perspective, consider these key questions.
© North Carolina Center for Nonprofit Organizations, Inc. From Common Ground, a publication of the N.C. Center for Nonprofits, www.ncnonprofits.org.
Employer Health Care Arrangements - The IRS released Notice 2015-17 containing long hoped for penalty relief and guidance regarding employer medical reimbursement arrangements.
Accepting payments by credit card is not difficult or expensive. TechSoup's A Few Good Methods for Processing Credit Cards provides tips and tools to process credit card transactions, both on- and offline, for organizations of all sizes.