Found 1045 Results
Reply To: Comparative Benchmarks and Performance Measures ???
I think Charity Navigator and Candid can be useful starting points for reviewing nonprofit finances. Looking beyond programme ratios is important, particularly when considering reserves,…
Reply To: Help Us Expand the 12 Financial Action Steps for Nonprofits!
I’d add a stronger focus on cash flow and unrestricted reserves. A nonprofit can look healthy on paper while still facing short-term pressure. Regularly reviewing…
Reply To: Venmo account for Fundraising??
I’d be hesitant to attach the charity profile directly to your personal Venmo, even though Venmo allows charity profiles to connect to a personal account.…
Reply To: Integrating Strategic Plans with the Operating Budget
I think the strategic plan and operating budget should be closely connected. It helps to identify the additional costs created by new priorities before they…
What should donors look at when evaluating a charity’s financial health?
What should donors look at when evaluating a charity’s financial health beyond simply checking its overhead percentage? How important are factors such as financial reserves,…
Reply To: How are you handling post-award grant reporting?
I too am curious how others handle post-award reporting across finance, grants, and programme teams. A short survey could be useful for gathering practical experiences.…
Reply To: Expensing Against Restricted Funds
I’d probably use the actual manufacturing cost rather than the retail price. The retail price represents what the books might sell for, while the manufacturing…
Reply To: Card Fees
I’d be cautious about assuming the fee itself is deductible. My understanding is that the treatment can depend on how the donor’s payment is structured…
Reply To: Need Help Finding a New Treasurer (all volunteer run Board of Directors)
I think outsourcing some of the bookkeeping is a good option, especially with a volunteer board. You could also ask local accounting firms about nonprofit…
Reply To: Digital Transaction Policies
I’d be interested in seeing examples of this as well. Digital transactions introduce a few extra considerations around authorisation, documentation and audit trails. A policy…