Remove Definition Remove Liability Remove Pass-Through
article thumbnail

How Lessons Learned From Fighting Food Insecurity Can Help Your Nonprofit

Blue Avocado

This is definitely what happened for our story: we started with a simple idea and then were incredibly surprised at how helpful an extra bag of groceries could be to a lot of households. After many years of lobbying and hard work, the GSA was passed, enabling all parties to help people.

article thumbnail

501c.yada, yada, yada

Sharpshooter Communications

After calling and clarifying (which took two phone calls and three emails), I fell into a rabbit hole because I realized I didn’t actually KNOW the definition of each of these categories - certainly not off the top of my head. There are probably a million loopholes through and around these requirements. I mean, I kinda knew.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Estate Planning Essentials: 10 Crucial Documents for Organizing Your Affairs

Planned Giving

Beneficiary Designations Certain assets can be transferred directly to beneficiaries without going through probate. Home Insurance : Covers property damage and liability. Additionally, consider appointing a digital executor in your will to manage or close your digital accounts and distribute your digital assets after you pass away.

article thumbnail

Financial Audits for Small Nonprofits By: Kellie Brungard, GPC

Assel Grant Services

This report means the auditor thought they couldn’t issue a definitive opinion on the nonprofit. 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.

GPC 40