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What Are 7 Common Nonprofit Startup Costs?

GrantNews

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. Staffing Costs In addition, one must consider the budgetary costs of staffing expenses when calculating startup costs for a nonprofit.

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Security: The Scary Part of Cloud Computing

Tech Soup

The cloud security technical session presenter was Donny Shimamoto, who is the founder and managing director of IntrapriseTechKnowlogies. 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.

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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. Here are the circumstances that may trigger an audit requirement: Federal, state, and local government contracts may require an audit as part of the nonprofit’s contract for funding.

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Why Nonprofits Are Needed in the Sharing Economy

Tech Soup

She calls it The Great Risk Shift, where for-profit companies are shifting the liability, overhead, insurance, and consumer risks to the individual workers (and to the consumers). Here's just one of her illustrations of Dubal presenting her research.

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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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Safety First: How to Mitigate Risk at In-Person Events

Qgiv

It’s helpful to be present at the venue and to go through a visualization exercise with key staff or volunteers. Depending on the size and style of your event, you’ll want to consider extra-duty officers or EMTs to be present. Be sure you understand expectations while going through the contract process. Ready to visualize?

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5 Legal Issues For NPOs Using ChatGPT

The NonProfit Times

You must ensure that AI systems do not discriminate on the basis of race, ethnicity, national origin, gender, age, disability, or other legally protected characteristics, and must take steps to identify and address any biases that may be present in their algorithms. Tort Liability.

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