Candid

DECEMBER 6, 2022

You may also have legal fees and operational costs, such as office space, salaries, and insurance. Nonprofits are required by the IRS to keep detailed records, and there is a lot more paperwork for nonprofits than for other organizations, such as Limited Liability Corporations (LLCs).

Liability 105

Liability Nonprofit Insurance Insurance 105

The NonProfit Times

AUGUST 21, 2024

Five of the top 10 represented health plans, and healthcare insurance companies including trade association America’s Health Insurance Plans, Cigna, the Blue Cross Blue Shield Association, Elevance and UnitedHealth Group spent between $1.8 In fact, 14 of the 30 on the list spent more than $1 million during the quarter. million and $2.7

Lobbying 52

Lobbying Insurance Insurance Liability 52

Get Fully Funded

JUNE 29, 2021

Even in the early days when the donut shop is struggling financially, appropriate insurance is required. So work with an insurer or an insurance broker to understand the coverage you need to best protect your organization and its liability. There’s always that possibility. We’ve seen it time and time again.

Policies Procedures 116

Policies Procedures Insurance Insurance Policy 116

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 Policy Policies 52

Red Tape Busters

JULY 11, 2023

Insurance The natural disasters that have besieged Australia in recent years, have highlighted the need for grant writers to have easy access to insurance details. Insurers and grant funding will usually ask for both. This information should be updated as Committee members change.

Grant 52

Grant Insurance Insurance Grants 52

Qgiv

MARCH 5, 2024

501(c)(2) : This type of tax-exemption is for exempt organizations to create a corporation to hold the title to property the organization owns to minimize liability risks of losing the property. While the public can make contributions to these organizations, private citizens can’t create one because they’re created by congress.

Insurance 52

Insurance Insurance Nonprofit Liability 52

Get Fully Funded

AUGUST 16, 2024

Most COAs are organized into five categories: assets, liability, net assets, revenue, and expense accounts. Liabilities usually start with 2, net assets with 3, revenue with 4, and expenses with 5 and beyond. Then, those accounts are further divided into subcategories. For example, assets usually start with 1.

Liability 52

Liability Federal Grants Utilities Nonprofit 52

Planned Giving

JULY 29, 2024

These include: Assets with a Named Beneficiary: Such as life insurance policies or retirement accounts. Non-Probate Assets Without a Beneficiary: Certain assets like life insurance policies and retirement accounts pass directly to a chosen beneficiary. Inventorying the Estate: Compiling a detailed list of assets and liabilities.

Pass-Through 52

Pass-Through Insurance Insurance Liability 52

Red Tape Busters

NOVEMBER 1, 2023

For instance, when tender writers fail to thoroughly review insurance requirements, penalty clauses, or dispute resolution processes, it can leave their organisation vulnerable to unexpected liabilities. Overlooking unfavourable terms may result in the organisation assuming unintended liabilities or losing valuable rights.

Contracts 52

Contracts Contract Liability Proposal 52

Planned Giving

AUGUST 15, 2024

It’s like an insurance policy for your life, not just your death. One minute you’re living on ramen in your college dorm, the next you’re shopping for life insurance. Assessing Your Assets and Liabilities First things first: Take stock of what you’ve got. But let’s get real: Life is unpredictable.

Insurance 74

Insurance Insurance SAM Liability 74

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

Tech Soup

JUNE 16, 2014

She calls it The Great Risk Shift, where for-profit companies are shifting the liability, overhead, insurance, and consumer risks to the individual workers (and to the consumers). How do we ensure that the contracted driver receives fair labor practices, since they're not an employee?

Nonprofit 65

Nonprofit Conference Insurance Insurance 65

Get Fully Funded

MARCH 20, 2023

Printing/postage Fundraising expenses Phone/internet Marketing expenses (graphic design, advertising) Professional development (training and conferences) Memberships, affiliations (dues & subscriptions) Travel/mileage/parking Insurance (liability for the facility, errors and omissions for Board, worker’s comp, etc.)

Budget 98

Budget Finance Software Liability 98

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 Consultant 52

GiveSmart

MARCH 21, 2024

Some other workers to consider in your staffing budget include: Servers and bartenders Audio and visual professionals Graphic designers Auctioneer Event planners or consultants Licensing, permits, and insurance The last item on our expense planning list is miscellaneous costs associated with licensing, permits, and insurance requirements.

Budget 52

Budget Fundraising Insurance Insurance 52

Planned Giving

FEBRUARY 12, 2025

However, for those with estates exceeding this amount, advanced planning is essential to minimize tax liabilities and ensure a smooth transfer of wealth. Beneficiary designations on accounts like life insurance, retirement plans, and bank accounts supersede wills. With the federal estate tax exemption set at $11.7

Liability 52

Liability Pass-Through Insurance Insurance 52

Center for Major Gifts

JUNE 16, 2024

Nonprofits can refuse to accept a property if it puts the nonprofit at risk of liability or unaffordable expenses. The nonprofit will conduct due diligence, including assessing the property’s condition, marketability, and potential liabilities. Maintenance fees, utilities, taxes, and insurance.

Pass-Through 52

Pass-Through Insurance Insurance Liability 52

Qgiv

AUGUST 10, 2022

Nonprofits have two customers – the people they serve through the mission and the people or organizations which pay for all or part of the services, such as donors, insurance companies, government entities, and more. This is also a good time to discuss liability issues and your board liability insurance (which you have, of course.)

Finance 52

Finance Nonprofit Policy Policies 52

Fundly

DECEMBER 11, 2020

Why This Online Waiver Software Made Our List While CityGro may have slightly less functionality in the waiver creation process than other waiver-specific providers, it’s a perfect solution for businesses looking to enhance their marketing strategies and retain more customers through the use of digital liability waivers.

Software 52

Software Insurance Insurance Template 52

Get Fully Funded

JANUARY 16, 2024

As NXUnite’s guide to nonprofit human resources explains, the policy should include information about indirect compensation such as health insurance and paid time off in addition to direct compensation like salaries and bonuses. This policy provides guidelines for how your employees are compensated for their work at your organization.

Policy 52

Policy Policies Finance Budget 52

Qgiv

JUNE 30, 2021

One lawsuit could damage your reputation, and it’s important for you to keep your liabilities in check. Workers compensation, claims management, and calculating insurance premiums is time-consuming and expensive, but a PEO can provide coverage as a co-employer. If your PEO suggests getting a lawyer, do so immediately.

Nonprofit 52

Nonprofit Training Liability Insurance 52

Big Fundraising Ideas

FEBRUARY 18, 2025

If you plan to serve alcohol (where permitted), check local regulations and appropriate insurance needs. Always check local regulations and consider liability insurance if hosting more significant events. Charge an admission fee and sell warm beverages and glowsticks. Focus on low-cost or free-to-organize ideas.

Fundraising 52

Fundraising Liability Insurance Donation Insurance 52

Peak Proposals

NOVEMBER 10, 2021

Fundraising activities and events must comply with local laws and carry adequate liability insurance. Another cost to be aware of related to fundraising is legal fees. Is Fundraising an Option for You?

Nonprofit 52

Nonprofit Proposal Grant Funding 52

Qgiv

AUGUST 27, 2021

Whoever is serving the alcohol should have the proper licensing and insurance. Additionally, even if a vendor is providing something as a part of their in-kind sponsorship (or just for free because they’re awesome), you’ll still want to have a contract for liability reasons while they’re onsite at your event. ID required”).

Contracts 52

Contracts Contract Pass-Through Utilities 52

Qgiv

APRIL 26, 2021

These are: Event Registration Bidding Software Text Fundraising Livestreaming Platforms Volunteer and Staff Management Online Shop Video Editing Software Graphics Software Event Day Solution Liability Waivers. Liability Waivers. Liability waivers are essential to many virtual events. These days, waivers can now be signed online!

Software 52

Software Fundraising Liability Template 52

Get Fully Funded

DECEMBER 7, 2021

Miscellaneous: Even life insurance policies, annuities, IRAs and other types of gifts should be straightforward to accept, as long as they can be liquidated. Certain types of gifts must be reviewed by the Board prior to acceptance due to the special liabilities they may pose for [Organization Name]. The Board’s decision is final.

Donation 119

Donation Policy Policies Pass-Through 119

The NonProfit Times

JANUARY 9, 2025

Tort Liability. You must consider the potential tort liability issues that might arise from the use of AI. You need to ensure that your organization has appropriate insurance coverage in place to protect against potential liability claims in all of these areas of legal risk.

ChatGPT 98

ChatGPT Liability Insurance Liability AI 98

Blackbaud

OCTOBER 18, 2024

Keep appropriate waivers and liability forms ready for volunteers to sign. Mitigate Risks Before deploying spontaneous volunteers to a disaster zone, check your insurance policy. You might need a rider, so discuss coverage with your insurance agent. Develop a screening procedure in “normal” times to make crisis screening easier.

Management 96

Management Liability Insurance Insurance 96

The NonProfit Times

NOVEMBER 7, 2024

Many times, they will assume liability when they are responding to criminal activity at your facility. Make sure your contract ensures they will assume liability for their actions and that the contractor is adequately insured and names your organization as an additional insured on their policies.

Liability 59

Liability Insurance Insurance Contracts 59

Blue Avocado

OCTOBER 22, 2024

Nonprofits Insurance Alliance and the Nonprofit Risk Management Center provide free introductory articles on ways to manage these and other risks. Tracking volunteers can help protect volunteers and the nonprofit from certain forms of liability and provide helpful data for planning future programs and events.

Budget 82

Budget Finance Management Proposal 82