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Why Are Nonprofits Experiencing An Insurance Crisis? And What Can the Nonprofit Sector Do About it?

Blue Avocado

Lower liability insurance limits First, the community-based nonprofit sector generally must carry lower limits of liability insurance. Most insurance companies have reinsurance in order to protect their solvency and transfer a portion of their liability to the reinsurer. The answer is fourfold.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

Having a legal perspective helps ensure the paperwork filed has all the accurate information required. This will include money for payroll, benefits, payroll taxes and contract employees. This plan includes general liability insurance, commercial property insurance and business income insurance. Visit us on YouTube weekly.

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Five Costly Mistakes Tender Writers Must Avoid

Red Tape Busters

The ultimate goal for any tender writer is to win lucrative contracts and secure business opportunities for their organisation. Overpromising and Underdelivering – A Reputational Blow For tender writers , winning a contract can be a moment of triumph, but it also comes with significant responsibilities.

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GrantWriterTeam’s New Approach: An Interactive Platform

Grant Writer Team

Rather than assuming liability, GrantWriterTeam’s role is to make available the platform for connections. With full control over shared information, they can ensure privacy with our public and private toggles. This new model eliminates traditional constraints and allows users to take control of their own engagements.

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Security: The Scary Part of Cloud Computing

Tech Soup

It was a one-day in-person free workshop, thanks to funding from Google Foundation , and attracted an impressive array of smart and informed nonprofit technologists. The event was a chance for me to become further informed on the scary part of cloud computing: security. that is being promulgated by the American Institute of CPAs.

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Financial Audits for Small Nonprofits By: Kellie Brungard, GPC

Assel Grant Services

Disclaimer of Opinion – This type of report shows a company is not compliant with GAAP guidelines and portrays gross misstatements on its assets and liabilities. This type of report discovers financial misappropriation, irregularities, and inconsistent financial information.

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Statement of Activities (SOA): A Nonprofit’s Income Statement Equivalent

Blackbaud

Contract Services: Expenses related to payments for services provided by contractors who are not on the regular payroll. For nonprofit entities, this summary document is a tool to assess their financial standing and make informed decisions on how to further their mission in the coming months or years.