Pamela Grow

FEBRUARY 27, 2025

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. Liabilities. Accountability is at the heart of nonprofit accounting. Net assets.

Liability 130

Liability Nonprofit Budget Finance 130

Candid

DECEMBER 6, 2022

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

Liability Nonprofit Insurance Insurance 106

Planned Giving

FEBRUARY 13, 2025

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.

Insurance 52

Insurance Insurance Policies Policy 52

Get Fully Funded

MARCH 6, 2023

You may want to host an event like this at a local restaurant that has a liquor license and general liability insurance. These events should include a brief and powerful presentation (less than 5 minutes) to lay your message out there. NOTE: PLEASE check into the legalities of offering alcohol.

Fundraising 130

Fundraising Budget Nonprofit Liability Insurance 130

Planned Giving

AUGUST 15, 2024

Definition and Purpose of Estate Planning Think of the importance of estate planning as your way of taking care of your loved ones from beyond the grave (sounds a bit spooky, I know). It’s like an insurance policy for your life, not just your death. So, what’s all the fuss about the importance of estate planning?

Insurance 74

Insurance Insurance SAM Liability 74

Planned Giving

JANUARY 14, 2025

This includes real estate, bank accounts, investments, personal property, and liabilities like mortgages and loans. This includes paying funeral expenses, medical bills, taxes, and any other liabilities. Assets with designated beneficiaries, such as life insurance or retirement accounts, bypass probate.

Insurance 52

Insurance Insurance Liability Consulting 52

Get Fully Funded

JANUARY 16, 2024

However, nonprofits like yours can’t turn a profit by definition—all of the funding you bring in has to be reinvested into your organization. Also called a balance sheet, this statement breaks down your nonprofit’s assets and liabilities to provide a snapshot of your organization’s financial health. Statement of financial position.

Policies 52

Policies Policy Finance Budget 52