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Loans From Nonprofit Board Members
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.
Managing in Hard Times
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.
Maximizing Nonprofit Internal Controls: An Essential Guide for Even the Most Pure
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.
New Year’s Resolution for Nonprofit Fundraising 101
With any luck, the dust is beginning to settle after a flurry of development activity during the calendar year end. Now is the time to inventory your organization’s fundraising practices and procedures to ensure that they are not only compelling but also legally compliant.
Nonprofit Fraud: It’s a People Problem, So Combat It with Governance
How can nonprofits' leaders and boards better mitigate their fraud risks? First and foremost, they should focus on governance.
Sample Reserve Fund Policy
A sample reserve fund policy you can adapt for your organization.
Sample Signature Authorities Policy
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.
Fiscal Oversight, Risk and the Nonprofit Board
One of the most important responsibilities of a nonprofit board is fiscal oversight. Yet many board members remain unclear about what exactly that means.
The Why, Who, What and How of an Audit Committee
An audit committee is considered a best practice for nonprofits. It helps the governing board perform its fiduciary and financial oversight roles, reduce risk, and maintain donor confidence.
IRS Guidance on Nonprofit Political Activity
The Internal Revenue Service released formal guidance related to nonprofit political activities in "Revenue Ruling 2007-41,' which describes 21 real-life scenarios.
Twelve Golden Rules of Nonprofit Finance
The Nonprofits Assistance Fund sets out the twelve golden rules for nonprofit finance, including budgeting, diverse funding sources and interdependence.
Using Loans: A 101 Guide To Borrowing For Nonprofit Organizations
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.
What does it cost to deliver your nonprofit's mission?
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.
When Funds Go Missing, What Can You Do? What Must You Do?
What should a board do once it suspects or has discovered evidence of embezzlement? Clifford Perlman of NPQ details the responsibilities of the board when funds go missing.
Legal Compliance Checklist for North Carolina Nonprofits
Use this checklist to ensure your organization is complying with laws that govern 501(c)(3) nonprofits in North Carolina.