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Understanding Functional Expenses for Nonprofits

The Charity CFO

Functional expense reporting confuses many first-time nonprofit bookkeepers and executives. But, because most for-profit companies don’t track functional expenses, they’re just not familiar with it. But it is need-to-know-information in the nonprofit world. But it’s not because it’s complicated.

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501(c)(3) Checklist: Preparing for Nonprofit Status

Top Nonprofits

Since it legally distinguishes you from your organization, it protects you as an individual from any personal liability associated with the actions of the organization. Before you jump into branding and fundraising, though, remember that there are other important parts of maintaining your 501(c)(3) status and healthy nonprofit operations.

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