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#RiskyBusiness: Risk Management for Nonprofits: Contracts

Blue Avocado

Our simple 3 question quiz helps you get smarter about nonprofit contracts. Christopher Reed serves as Corporate Counsel for Nonprofits Insurance Alliance. The post #RiskyBusiness: Risk Management for Nonprofits: Contracts appeared first on Blue Avocado. Take the quiz.

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What Are 7 Common Nonprofit Startup Costs?

GrantNews

This will include money for payroll, benefits, payroll taxes and contract employees. Nonprofit Insurance Many nonprofits purchase nonprofit insurance when starting their organization. Business insurance is to protect nonprofits from any claims against the nonprofit made as a result of normal operations.

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Analyzing Budgets and Saving Money at a Nonprofit

Get Fully Funded

Speak with your accountant to explore what “contract positions” entail. It might be possible to keep staff members on a contract basis until your organization can sustain employees long-term. Service Contracts – Don’t forget to reassess annual service contracts.

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5 Legal Issues For NPOs Using ChatGPT

The NonProfit Times

You need to ensure that your organization has appropriate insurance coverage in place to protect against potential liability claims in all of these areas of legal risk. You also should explore acquiring an errors and omissions liability/media liability insurance policy to fill those coverage gaps.

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How to Build a Better Nonprofit Budget in Less Time and with Less Stress

Blackbaud

Work with the heads of each department to analyze expense history, review contracts for any automatic expense increases, and evaluate the strategic plan for any additional expenses to include. These are set costs like headquarters rent, insurance, and administrative salaries.

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How to Improve On-Time Tuition Payments

Blackbaud

The tuition cycle starts with the school’s contract, which should clearly outline policies, expectations, and consequences that families acknowledge during enrollment. Having that contract roll from the school’s admissions software into its tuition management system helps eliminate chaos and confusion.

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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.