Financial Management

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  • Grants Management Guidance for Non-Profit Organizations

    Nonprofits receiving federal funds must comply with "the Code of Federal Regulations (CFR), Office of Management and Budget (OMB) cost principles, and the terms and conditions of your assistance agreement." The U.S.

  • Expired Tax Provisions Create Uncertainty for Nonprofits
    Leaders of Triangle charities are concerned their organizations’ finances may be challenged this year by the recent expiration of several temporary tax provisions, including the expanded child tax credit, the Employee Retention Tax Credit, and three tax incentives for charitable giving.
  • Here's How Triangle Businesses Can Support Local Nonprofits
    A group of 1,500 nonprofits recently sent a letter to members of Congress seeking policy solutions to address ongoing challenges charitable nonprofits are facing because of the pandemic and because of workforce shortages.
  • Capital Campaign Readiness: Can You Answer These 6 Questions?

    Considering a capital campaign? Where do you start? Start by asking and answering six vital questions designed to prepare your nonprofit to enter the process. Designed for executive directors, development leaders and board members, this session will allow you to consider the questions for your own organization while exploring real-world examples from professionals with more than 18 years of capital campaign fundraising experience.

  • Expired Tax Provisions Create Uncertainty for Nonprofits’ 2022 Finances
    Last updated: February 10, 2022

    David Heinen, Vice President for Public Policy and Advocacy, North Carolina Center for Nonprofits

    As we enter the start of tax season, nonprofit leaders are concerned that their organizations’ finances may be challenged this year by the recent expiration of several temporary tax provisions, including the expanded child tax credit, the Employee Retention Tax Credit, and three tax incentives for charitable giving.

    The Expanded and Improved Child Tax Credit

  • Helpful Tips and Instructions for the 2022 Nonprofit Compensation Survey

    Tracy Careyette, Chief Financial and Operations Officer, North Carolina Center for Nonprofits

  • Best Practices for Segregation of Duties

    The segregation of duties essentially boils down to assigning different personnel to different steps in the processes of managing the nonprofit's money. The premise of this practice is that, the more people involved in the management of assets, the less likely for there to be instances of theft or fraud when compared to one individual possessing near complete control over a process.

  • Virtual Currency or Cryptocurrency Donations

    A cryptocurrency is a digital currency (sometimes called digital cash, coin, or token), which has been of interest on the internet since the late 2000s. Bitcoin and other virtual currencies saw a rise of use beginning in 2017, and by the early 2020s have received much attention for becoming commonplace in transactions and donations.

  • North Carolina Center for Nonprofits Joins Internal Revenue Service to Highlight Special Charitable Tax Benefit Available Through December31
    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.
  • Developing an Endowment Spending Policy

    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

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