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The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Because your organization cant turn a profit by definition, the goal of tracking your finances is to demonstrate to donors, funders, the government, and the community that youre using your funding responsibly to further your mission. Liabilities. Accountability is at the heart of nonprofit accounting. Net assets.

Liability 130
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Do You Have to Pay Taxes on Grant Money?

GrantNews

By staying informed and seeking professional guidance when needed, you can effectively manage your finances and make the most of grant opportunities without running into unexpected tax issues. Understanding how grants impact your taxes is crucial to managing finances effectively and avoiding unexpected tax issues.

Grants 124
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Back-to-School Basics with Nonprofit Finance Fundamentals

Just Write Grants

With our digital school bells ringing, it's time to attend a masterclass in nonprofit finance. Balance Sheet : Provides a quick overview of the nonprofit's financial position at a specific point in time, detailing its assets (what it owns), liabilities (what it owes), and equity (the net assets or funds available to the organization).

Finance 52
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An Essential Guide to Nonprofit Financial Management (Best Practices and Tips)

DoJiggy

Nonprofits demand more from managers, especially when it comes to finances. Your nonprofit needs to manage its finances responsibly to be prepared for these thin donation times. What are your current finances, and where do you expect to be next quarter, next year, and the following five years?

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Nonprofit Board Member Onboarding: 12 Things to Cover

Qgiv

Matt Hugg, President and Founder, Nonprofit.Courses – He’s the author of the Guide to Nonprofit Consulting, and teaches nonprofit management at several universities, via the web, and in-person in the United States, Africa, Asia and Europe. Consider having a separate session to discuss your organization’s finances.

Finance 52
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Security: The Scary Part of Cloud Computing

Tech Soup

IntrapriseTechKnowlogies specializes in nonprofit IT and financial consulting. NTEN chose him to present on cloud security and financing because he has a unique blend of accounting expertise, technology know-how, and nonprofit industry understanding. There is something called the Generally Accepted Privacy Principles.

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Estate Planning Essentials: 10 Crucial Documents for Organizing Your Affairs

Planned Giving

Financial Power of Attorney (POA) A financial power of attorney grants someone the authority to manage your finances and property if you become unable to do so. Importance of a Financial Power of Attorney A financial POA is essential for: Management : Ensuring your finances are managed properly.