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.
Blackbaud
SEPTEMBER 19, 2024
Statement of Cash Flows are One of Four Main Nonprofit Financial Documents A clear Statement of Cash Flows is a great tool for nonprofit leaders, and is one of the four core financial documents that all nonprofits should be utilizing together to ensure complete management of the organization’s finances and planning.
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Grant Writer Team
AUGUST 1, 2024
Risk Management : Identifies and addresses potential financial risks and liabilities. Effective financial oversight is crucial when managing grant funding, as it ensures that funds are utilized efficiently and in alignment with the grant’s objectives. What Does a Nonprofit Financial Oversight Committee have to do with Grant Funding?
GrantNews
MAY 8, 2024
This plan includes general liability insurance, commercial property insurance and business income insurance. These costs include rent/mortgage, utilities, office supplies and technology, as well as any regular maintenance that you need. The price of this insurance can vary depending upon the coverage plan chosen.
Planned Giving
SEPTEMBER 9, 2024
In estate planning, trusts are often utilized to transfer assets to beneficiaries without the need for probate, streamlining the process and maintaining privacy. Bill Payments: Trustees might also need to use trust assets to cover expenses such as attorney fees, utility bills, or healthcare costs.
Bonterra
APRIL 13, 2024
By utilizing corporate giving software, businesses can more easily track employee engagement insights and strategic philanthropy insights. The fund assumes legal liability for violation of anti-terrorism legislation such as the Patriot Act, allowing you to offload legal risk.
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.
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