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).
Outside Resource
How To Develop Your Nonprofit Operating Reserve examines common factors that organizations should take into account when considering how much to set aside for their operating reserve. (npENGAGE)
Investing for Impact: Indirect Costs Are Essential for Success addresses how governments that hire charitable nonprofits to deliver services and then reimburse them for less than reasonable indirect costs undermine the ability of nonprofits to deliver high quality services. (National Council of Nonprofits)
IRS Publication 1771, Charitable Contributions - Substantiation and Disclosure Requirements explains the federal tax law for organizations such as charities and churches that receive tax-deductible, charitable contributions and for taxpayers who make contributions. It also discusses types of receipts (written versus e-mail) and thresholds. (IRS)
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)
In many nonprofits, a time comes when the question arises: should the organization accept personal loans from board members? Although this article does not try to answer that question, it does outline some of the choices in how such loans can be made and can be used as a starting point for discussion with your board or personal financial advisor. (Blue Avocado)
Loans From Nonprofit Board Members
Kate Barr, executive director of Propel Nonprofits, lays out how to understand the roles of the treasurer and finance committee, along with how to recruit for these positions.
Get best practices and tools for managers of environmental and conservation nonprofits in challenging economic times. Learn how to track your finances, recognize danger signs, assess your options, and make tough decisions fairly with the best interests of the organization in mind. (Institute for Conservation Leadership and Environmental Support Center)
Unique accounting standards require that nonprofits report contributed income in one of three categories: unrestricted, temporarily restricted, or permanently restricted. Managing Restricted Funds defines unrestricted, temporarily restricted, and permanently restricted income and gives nonprofit leaders the tools to record, report, and effectively manage contributed income and net assets. (Propel Nonprofits)
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