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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…

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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…

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Reply To: Rumors of Federal Single Audit Threshold being reduced back down?

I’ve heard similar discussions, although I’d be cautious about treating them as confirmed without an official source. The Single Audit threshold and indirect cost rate…

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Reply To: Are there cost-effective ways one can verify nonprofit organizations?

While the Nonprofit Check Plus API is cheaper than Zeffy API, and ProPublica Nonprofit Explorer upon check, I will like to know if a single…

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Reply To: Expensing Against Restricted Funds

I’d generally use the actual manufacturing cost, rather than the retail price, when accounting for the books donated. The retail price represents potential sales value,…

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Reply To: How do economic realities impact revenues?

I think diversification is probably the safest approach. Having a healthy mix of grants, donations, earned income and other funding can make nonprofits less vulnerable…

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Reply To: How to create an effective pricing model for a retreat center?

From my experience, creating a pricing model isn’t easy. But doing some basic things can help achieve the objectives. I would recommend using a full-cost…

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Reply To: How do economic realities impact revenues?

I don’t think any single database tracks that mix by mission area. But key insights do exist. For example, according to Candid, government grants fund…

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Reply To: How to create an effective pricing model for a retreat center?

From my experience, creating a pricing model isn’t easy. But doing some basic things can help achieve the objectives. I would recommend using a <strong…

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