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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.

Liability 130
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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. Was training insufficient?

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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. Introduce a new asset class and (tax-advantageous) method of donating .

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Tips for Non-Cash Donations to Your Organization

Blackbaud

Before we explore my best tips for non-cash donations to your organization, let’s look at a common scenario: A donor receives a paycheck, pays taxes on the earnings, deposits the proceeds in their checking account, writes a check to charity, and receives a partial deduction for their gift. Know how to manage asset-based gifts.

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Nonprofit Financial Statements: An Overview + Top Insights

Pamela Grow

These statements help your organization with day-to-day financial management , are reviewed during audits, and store information in one place to make filing taxes easier. 360MatchPro reports an increase in individual donations and corporate philanthropy in recent years—two common nonprofit revenue sources. Liabilities.

Liability 147
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Keep Your Gift Acceptance Policy Strong

Planned Giving

Make sure you can manage the donor relationship with excellent customer service by maintaining a robust and updated gift acceptance policy. For example, if you accept gifts of stock, do you have a trusted financial advisor to help you manage it? What does a Gift Acceptance Policy Contain? A gift acceptance policy is no different.

Policy 93
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Statement of Cash Flows: How Nonprofits Track Inflow and Outflow of Money

Blackbaud

Below, we provide more detail about this document and why it plays such a key role in successful financial management. Managing Investments and Debt: Aids in decisions about purchasing or selling assets and managing debt repayment. How Do Organizations Use the Statement of Cash Flows? What’s Included?

Finance 97