Youth & Family Services (YFS) is a nonprofit organization that has been serving children and their families since 1965. YFS has grown to become one of the largest, most comprehensive youth development programs in western South Dakota, serving more than 14,000 children and families each year. These services encompass nine…
Board meeting minutes may seem unimportant after a meeting, especially when all Board members are present. So why is it so important to document the Board meetings properly? The minutes act as a chronological record of all key information about the organization, including Board actions, elections, and other reports. For…
After several years of extensions, the new components of the procurement compliance requirement are finally applicable. What does this mean for governmental and non-profit entities? Any governmental or non-profit entity expending federal dollars is required to follow the new components of this compliance requirement. The new components are effective for…
As a non-profit organization dependent upon the support of the community, and especially upon the funding from donors, you may be wondering, what motivates donors to give? Once you know what some of the key drivers are, your organization can procure and grow its relationship with all types of potential…
Crowdfunding is everywhere, raising funds for individuals and businesses all over the world. Not all of these campaigns are wildly successful, and championing one goes back to the old adage of “you get out what you put in.” Nonprofits and governmental entities have a challenge to determine if crowdfunding…
Many of us at some point in our careers will be approached to join a board of directors for a nonprofit organization. During the early stages of your career this can be a great way to network, become involved in your community and continue to build your resume. As…
As a former systems administrator of a non-profit business, I have seen first-hand some of the challenges in creating and maintaining networks which provide fast and efficient access to resources to staff members. The increasing IT costs each year, combined with the flat budgets often experienced by non-profits, can…
As a reminder, Accounting Standards Update (ASU) 2016-14 is effective for 12/31/18 year-ends and will affect every nonprofit organization. In our last article, “Functional Allocation of Expenses,” we provided information on the guidance for allocating expenses between program and supporting services. The last provision of ASU 2016-14 is addressed…
