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The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Because your organization cant turn a profit by definition, the goal of tracking your finances is to demonstrate to donors, funders, the government, and the community that youre using your funding responsibly to further your mission. Accountability is at the heart of nonprofit accounting.

Liability 130
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Boy Scouts Of America Rebrands To Scouting America

The NonProfit Times

billion, although that figure did not include additional potential contributions from the BSA’s insurers that had not settled at the time. Furthermore, 31% said the changes definitely resulted in increased retention and 36% said it was too soon to tell. In some cases, rebranding also yielded organization cultural benefits.

Insurance 111
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The downsides of starting a nonprofit organization

Candid

However, there are definite costs associated with operating at the state level, filing with the IRS, and registering for charitable solicitation. You may also have legal fees and operational costs, such as office space, salaries, and insurance.

Liability 106
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How to Plan a Fundraiser for Your Small Nonprofit

Get Fully Funded

6 Steps to Plan a Fundraiser Holding a fundraiser is definitely not a “build it and they will come” activity. Is special insurance needed? If you’re holding your event at a public venue, many times the venue will require you to carry an insurance rider to protect them if anyone should get injured. Do you need volunteers?

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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. How to Create Beneficiary Designations To designate beneficiaries: Contact Institutions : Reach out to banks, insurance companies, and retirement plan administrators. Health Insurance : Covers medical expenses.

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Giving Excels at the Speed of Trust

Planned Giving

” To explain planned giving, let’s start with a definition: Planned giving is any major gift, made during a lifetime or at death, as part of a donor’s overall financial and estate planning. These include gifts of stock, life insurance, retirement plans, real estate, personal property, or cash.

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Post Tornado, the Library Is Open in Joplin

Tech Soup

People will realize they have to have Internet access for unemployment, insurance, FEMA - the whole gamut. We are definitely busier today than yesterday. Power is still out in a good portion of the city and there's no clue when that will be restored. We have had a waiting list for computers at least once today.