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Why You Should Run Your Nonprofit Like a Business

Get Fully Funded

And you need policies, procedures, and processes. So work with an insurer or an insurance broker to understand the coverage you need to best protect your organization and its liability. Do you have the policies, procedures, and processes in place to run your nonprofit smoothly and efficiently? You have to establish your brand.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

However, most nonprofit organizations start out with a Business Owner’s Policy (BOP). This plan includes general liability insurance, commercial property insurance and business income insurance. Funding is intended for maintenance, winterization, initial and annual start-ups, and technical consultation services.

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Understanding Probate: A Comprehensive Guide to the Probate Process

Planned Giving

These include: Assets with a Named Beneficiary: Such as life insurance policies or retirement accounts. For more details on the options available in your state, it is advisable to visit your county court or consult an estate planning attorney. Inventorying the Estate: Compiling a detailed list of assets and liabilities.

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The 10 roles and responsibilities of a nonprofit Board of Directors

Get Fully Funded

They should put internal controls in place and help write policies to prevent loss, theft, or confusion, using current b est practices. The Board will be responsible for monitoring how closely financial activity matches the actual budget, looking into how much programs and services cost, and whether that cost is appropriate.

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Estate Planning Essentials: 10 Crucial Documents for Organizing Your Affairs

Planned Giving

These non-probate assets include 401(k) accounts, pensions, and life insurance policies. Insurance Policies and Financial Information Organize all your insurance policy documents, including those for life, health, car, and home insurance. Home Insurance : Covers property damage and liability.

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Should You Have A Grant Writers Kit?

Red Tape Busters

This is truer for Grant Writers who work specifically inside the organisation seeking grants, but Grant Writing Consultants can find useful strategies in adopting parts of a Grant Writers kit as well. At a minimum, this should include the Certificate of Currency and the Policy document, including any supplementary documents.

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Security: The Scary Part of Cloud Computing

Tech Soup

IntrapriseTechKnowlogies specializes in nonprofit IT and financial consulting. If there is a security breach by one of your cloud vendors, primary liability for sensitive data rests with your organization - not the cloud vendor. Donny is a certified public accountant (CPA) and a certified information technology professional (CITP).