The Internal Revenue Service released formal guidance related to nonprofit political activities in "Revenue Ruling 2007-41,' which describes 21 real-life scenarios. It is particularly useful for when nonprofits consider election-related programs and activities, since failure to comply may put at risk a nonprofit organization's tax-exempt status. (IRS)
Healthy nonprofit organizations employ financial management practices that build stability and flexibility both today and in the future. In Nonprofit Finance: 12 Golden Rules, Propel Nonprofits sets out the twelve golden rules for nonprofit finance, including budgeting, diverse funding sources, and interdependence.
This piece is good to share with board members as a base of commonly understood information that will help them manage loans better against the blips, delays and growth tracks in nonprofit finance.
Knowing your nonprofit’s actual costs is common sense. Fortunately, an increasing number of enlightened donors, grantmakers, and government partners are recognizing the reality that essential costs include not only direct program costs, but other costs too – whether referred to as "overhead," "management and general," "administrative," or "indirect costs."
What does it cost to deliver your nonprofit's mission?
What should a board do once it suspects or has discovered evidence of embezzlement? Clifford Perlman details the responsibilities of the board when funds go missing. (Nonprofit Quarterly)
When Funds Go Missing, What Can You Do? What Must You Do?