This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
Revenue Revenues represent the total income a nonprofit organization receives from various sources, such as donations, grants, program fees, and investment returns, during a specific period. Additionally, donations may come in the form of professional services or goods, which should also be accounted for.
But what if your organization has successfully relied on donations and fundraisers for many years? To generate enough unrestricted funding to cover general operating costs, most nonprofits conduct some kind of fundraising, such as holding fundraising events, soliciting cash donations, or both.
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.
Be sure you understand expectations while going through the contract process. If you plan on having cash exchanged at your event, it’s never a bad idea to have an officer on hand to monitor and ensure the safety of those responsible for accepting cash donations. Your in-kind contracts will most likely not need to be as robust.
As you focus your efforts on soliciting donations, don’t forget about emergency preparedness up to and including an armed intruder. Many times, they will assume liability when they are responding to criminal activity at your facility. Private security contractors – An established security contract with a professional security service.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content