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The 4 Core Nonprofit Financial Statements & Their Insights

Pamela Grow

Its helpful to organize this section according to the five primary categories of nonprofit revenueindividual donations, corporate philanthropy, earned income, investments, and grants to align with your budget and internal records. Liabilities. Youll typically list these in order of liquidity (i.e., Net assets.

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Why Are Nonprofits Experiencing An Insurance Crisis? And What Can the Nonprofit Sector Do About it?

Blue Avocado

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.

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Crypto fundraising: diversifying donations for GivingTuesday

Candid

Many 501(c)(3) organizations lack the resources and technical experience to directly accept cryptocurrency donations, and the vast majority are unaware of publicly available infrastructure that can be used to simplify the process. In fact, Endaoment’s average cryptocurrency-originated grant, delivered as US dollars, was $36,000.

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Reduce Food Waste & Improve Food Insecurity For Americans

GrantNews

The Food Donation Improvement Act reduces liability for donors who make food donations. For this reason, grant funders are creating nutrition and food assistance grants for nonprofits. You can find these grants listed on GrantWatch and apply for grants as early as today.

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Nonprofit Financial Statements: An Overview + Top Insights

Pamela Grow

360MatchPro reports an increase in individual donations and corporate philanthropy in recent years—two common nonprofit revenue sources. Your organization may also bring in revenue from fundraising events, service fees, and grants. Liabilities. Net assets.

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Honoring Our Good Samaritans

GrantNews

Good Samaritan laws grant liability protection to folks who offer reasonable assistance to those who are hurt, sick, in danger, or otherwise incapacitated. In times of great need, communities have witnessed acts of kindness that range from providing shelter to evacuees, to volunteers donating essential supplies to survivors.

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The downsides of starting a nonprofit organization

Candid

There are many benefits that come with starting a nonprofit organization, from tax advantages to grant eligibility; however, too often we forget to consider the downsides to starting a nonprofit—and there are some potential dealbreakers! You may also have legal fees and operational costs, such as office space, salaries, and insurance.

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