Not sure how to thank your donors? Use the templates below to guide your message, which include sample language for chartiable event ticket purchases, capital campaigns, and determining the fair market value of a gift in exchange for a donation.
Most grantors require a final project report, including a financial report. This sample illustrates a final financial report outlining budgeted expenses, actual expenses and the expenses allocated to that particular funding source. (Maine Association of Nonprofits)
Fundraising activities are regulated by state law. Many states require charitable nonprofits as well as any paid professional "fundraising counsel" or consultant hired to assist the nonprofit with fundraising activities, to register with the state before the nonprofit or professionals solicits any donations. Additionally, many states require nonprofits that enter into agreement to share the revenue from sales activity with another organization to file with the state to disclose that fundraising activity. All in all - it's complicated!
For the most recent and comprehensive treatment available on compliance issues surrounding auctions, including tools you can put to use, see this toolkit from the Guilford Nonprofit Consortium and Planned Giving Design Center.
Charitable Auction Compliance Toolkit
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.
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.
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.
This NP Engage article walks through seven steps to developing a policy to manage the use and replenishment of reserve funds. Once an appropriate target amount has been determined for operating reserves, the board needs to draft a policy that establishes the fund and sets forth guidelines for using it.
7 Step Policy Guide to Nonprofit Operating Reserves
Read this article to learn exactly what "quid pro quo" donations are and how to correctly report them on your taxes.
© North Carolina Center for Nonprofit Organizations, Inc. From Common Ground, a publication of the North Carolina Center for Nonprofits, www.ncnonprofits.org.
Stress Testing the Charitable Organization - As financial leader of the organization, heads usually turn to the executive director when this concern is voiced at board and management meetings.If the ED is equipped with good financial knowledge and proactive about identifying and addressing weaknesses in advance, the organization is in a stronger position to withstand financial challenges before they reach a crisis stage. (Planned Giving Design Center)