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Why You Should Run Your Nonprofit Like a Business

Get Fully Funded

And you need policies, procedures, and processes. So work with an insurer or an insurance broker to understand the coverage you need to best protect your organization and its liability. Do you have the policies, procedures, and processes in place to run your nonprofit smoothly and efficiently? You have to establish your brand.

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Nonprofit Accounting Basics: 5 Fundamentals to Know

Get Fully Funded

Fiscal Policies and Procedures Along with your budget, your fiscal policies and procedures provide guidance for how your team should handle your organization’s funds day to day. Jitasa’s nonprofit financial management guide recommends creating the following fiscal policies: Gift acceptance. Expense reimbursement.

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Ethical Considerations in School Fundraising — Transparency, Safety & Legal Compliance

Big Fundraising Ideas

Reduces liability risks for theschool. Research the organizations track record, request references, and review its policies on transparency and accountability. Originally published at [link]. Proper planning and risk management minimize potential hazards and create a secure environment.

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Treasurers of All-Volunteer Organizations: Eight Key Responsibilities

Blue Avocado

Alternatively, the board might set a policy that permits one signature for small checks below a certain amount, say $50, in order to help discourage checks from being signed in advance. Most state nonprofit associations have helplines or publish FAQs and other guides covering these types of issues.

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