FREE Non-Profit Lunch & Learn on June 12th
2024-Non-Profit-Lunch-LearnDownload RSVP by calling 605-716-8893 or emailing [email protected]…
Charity Raffles – Tread Carefully
Raffles can be a fun and effective way for non-profit organizations to engage the public and raise funds to support the organization’s mission. However, from the perspective of the non-profit, there are legal considerations that must be kept in mind when conducting gaming activities in South Dakota. Federal Rules From…
Grow Your Network and Strengthen Donor Relations During Crisis
The COVID-19 pandemic has taken its toll on everyone. That means it has impacted both your organization and your donors. Everyone is struggling. However, while we all scrambled in the beginning, it’s time to adjust to the new normal so that nonprofits can get their fundraising strategies back on track.
Fraud in Non Profit Organizations
Fraud may occur in any organization, by anyone, and in many ways. It can have a major impact in all areas of the business. Fraud can be either misappropriation of assets or fraudulent financial reporting. Fraudulent activities occur when there is opportunity, rationalization, and pressure. Fraud in nonprofits is…
QuickBooks Tips and Tricks – Effective Monthly Reports
As a nonprofit, your financial records mean a lot to your board of directors and for your audits. Here are a few tips and tricks for getting the most out of QuickBooks for both. Each month, you have meetings for your board of directors, where budgets, grants, and fiscal year…
Safeguarding your Nonprofit’s Network
As malicious attacks continue to grow, it is imperative that nonprofit organizations of all sizes take the necessary steps to bolster their cybersecurity practices. Nonprofit networks host a treasure trove of sensitive and valuable information making them an attractive target for hackers. Limited budgets and small IT staffs make it…
Board Members Responsibilities for Form 990
A nonprofit board members’ review of Form 990 is not required, but the form encourages board participation and may provide several benefits to an organization. A draft of the form should be provided to board members, whether it is to everyone on the board or a select few, for review…
Chart of Accounts: Less is More
Nonprofit and governmental accounting can be complex. One way to simplify your accounting process is to have fewer funds and accounts. A cumbersome chart of accounts can lead to more work, from needing to group the transactions within the accounts as well as to read/understand the accompanying financial statements.
Does Your Form 990 Tell a Story?
Your story is more than just your numbers! Most of us think of a tax return as a regulatory requirement, but nonprofits have a unique opportunity to tell their story through their Form 990. Surveys show that donors, grantors, and potential board members seek out online information about your organization…
Audits, Reviews and Compilations: What’s the difference?
To anyone new to the accounting world or anyone trying to decide what service is right for them, the difference between audits, reviews and compilations can be confusing. Adding to the confusion, some organizations are required to have an audit or review due to grant funding or debt agreements.