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The North Carolina Center for Nonprofits joins the Internal Revenue Service to highlight a special tax provision that allows more people to deduct donations to qualifying charities on their 2021 federal income tax return.
Financial Management
A formal spending policy should unite a nonprofit's endowment with its mission and long-term strategic plan. If the endowment is funded by donor-restricted gifts, the nonprofit's fiduciary actors are required to adhere to the Uniform Prudent Management of Institutional Funds Act (UPMIFA).
Creating Spending Policies
How can you optimize your audit? We will provide a deep dive into the audit process and how non profits can prepare for their audit as efficiently and effectively as possible. This program will help streamline your back of house operations so that resources can remain focused on the non profits core mission.
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Societal structures exist in America that enable healthy lives for some and unhealthy lives for others. Leaders are uniquely positioned to drive social movement in the communities they serve. They are also charged with investing in their talent and removing barriers to healthy living within their organizations. Total rewards programs have come a long way for many nonprofits, and yet, one major area where health inequities still exist is in health benefits plan design.
This beginning level workshop offers participants an opportunity to delve into fundamental issues associated with contract management and administration in the nonprofit sector. Nonprofit attorney, Kristy Cook of Mod Law Firm, brings her near decade experience in nonprofit law and management to this session with the goal of teaching nonprofit attendees to:
In this session, we will discuss recent and upcoming changes to accounting guidelines and regulations impacting the nonprofit industry, implications of these new guidelines, and strategies you can use now to help you prepare for what’s to come.
Disclaimer: This recording is from the 2021 Nonprofit Legal Compliance Workshop, hosted on September 15, 2021. Some laws and rules may have changed since that date.
Nonprofit Fundamentals 101 is a collection of videos assembled by the Greater Toledo Community Foundation. It covers the following topics:
Board Governance
As a result of attending this session, you will be able to: (1) understand and apply the three lenses used to complete an impactful Form 990; (2) describe how the Form 990 is organized along with the purposes of each section; (3) differentiate which areas of the Form 990 receive increased attention from the IRS and use that to evaluate the overall effectiveness of your Form 990.
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Washington Nonprofits and Jacobson Jarvis, PLLC worked in partnership to develop the Finance Unlocked for Nonprofits (FUN) Oversight Kit. Finance Unlocked for Nonprofits was designed to increase nonprofit finance literacy in ways that help board members to grow their mission and protect their assets.
Best Practices for Internal Controls of Nonprofit Organizations offers a four-page overview on everything from cash disbursements to payroll to policies for managing assets. It also covers the intersection of personnel and financial manangement with recommendations for board conduct, segregation of staff duties, and documenting executive director expenditures.