Found 1081 Results
Reply To: Checklist / costs for closing down?
Hello, Gwen. This is a sensitive subject, but it is certainly worth planning for. Some final costs, such as legal fees for dissolution and the…
Reply To: Does anyone self-insure for Unemployment Tax
Hello, Holly. This is a very practical question. I think the decision comes down largely to the organisation’s size and appetite for risk. For many…
Reply To: Is every board member legally responsible for the integrity of our books?
Hello, Kelle. While I am not a lawyer, I would lean strongly towards this being a shared board responsibility. The treasurer may provide financial oversight,…
Reply To: Article: Should you ask nonprofit donors to cover gift transaction fees?
Hello. This is one of those questions where there is no universal answer. I think asking donors to cover transaction fees can work if the…
Reply To: Allocating Severance Pay/ Retirement Insurance – Functional Allocations
Hello, Tony. This is a classic accounting conundrum. In my view, the answer depends largely on the nature of the expense. If the cost relates…
Reply To: Inconsistent IRS Guidance on Conflicts of Interest
This looks like a classic case where the sample policy is a starting point rather than the final word. The distinction between an “interested person”…
Reply To: Nonprofit Profit Reserves: The Real Deal – Reflection
The pandemic really demonstrated how valuable operating reserves can be when circumstances suddenly change. The stories shared here show that reserves are not only for…
Reply To: How do you capture obligations when a new grant award arrives?
When a new grant arrives, the obligation should be captured as soon as the award is formally accepted. The important thing is to record the…
Reply To: Maximize Impact: An Ecosystem Approach to Innovative Nonprofit Program Design
This survey looks quite intriguing. The focus on an ecosystem approach to programme design is certainly an interesting take, particularly when organisations can so easily…
Reply To: Private: Nonprofit dissolution and use of finances
Michael, I admire the proactive approach to staff welfare in such a difficult situation. At this stage, financial decisions shift from growth to stewardship and…
