Appropriate document retention is important for a nonprofit's compliance with state and federal law, while balancing the need for managing storage space (both physical and digital). A clear policy for staff can prevent the innocent destruction or disposal of documents.
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.
The Affordable Care Act requires employers to report the cost of coverage under an employer-sponsored group health plan. Reporting the cost of health care coverage on the Form W-2 does not mean that the coverage is taxable. Learn more from this resource from the IRS.
Form W-2 Reporting of Employer-Sponsored Health Coverage
Many nonprofits have been wondering how to claim the small employer health care tax credit. Get answers from the IRS website--Small Business Health Care Tax Credit Questions and Answers: How to Claim the Credit (en español).
Layoffs that are motivated by economic or administrative reasons – such as loss of funding or staff reorganization – are common in the nonprofit sector. These FAQs answer common questions about layoffs. (Nonprofit Risk Management Center)
Whether your nonprofit is more like an intimate family or an enormous well-oiled machine, fraud can occur, and when it happens, it can damage your reputation, relationships with funders, and staff morale. In other words, you can't afford it. (Nonprofit Quarterly)
Maximizing Nonprofit Internal Controls: An Essential Guide for Even the Most Pure
How can nonprofits' leaders and boards better mitigate their fraud risks? First and foremost, they should focus on governance. (Nonprofit Quarterly)
The Overhead Cost Definition gives an overview of different overhead definitions from both the IRS and FASB (Financial Accounting Standards Board), and what classifications of expenses may or may not be included. (Propel Nonprofits)
This signature authority policy serves as a sample of the permission to execute transactions established by relevant policies and permission to approve transactions for execution.
This Common Ground article includes short-term and long-term strategies to help your organization deal with a board member who is not contributing to the well-being of the board and the organization (also available in Spanish).
Additionally, you may wish to review: