The Charity CFO

FEBRUARY 2, 2022

Every tax exempt nonprofit must file IRS Form 990 (Return of Organization Exempt from Income Tax) every year. That’s right, your nonprofit needs to file an IRS return. Your tax-exempt status has benefits, but it doesn’t exempt you from oversight. When is IRS Form 990 due?

Non-Profits 98

Non-Profits Nonprofits Activism Foundations 98

Get Fully Funded

JANUARY 16, 2024

Now that your new nonprofit is up and running, developing a solid foundation for financial management should be a top priority. The ins and outs of nonprofit accounting may seem overwhelming at first, but effectively recording and reporting your organization’s finances is essential to fund your mission.

Nonprofit Accountability 52

Nonprofit Accountability Nonprofit governance and management Nonprofit Administration and Development Finance 52

The Kindful Blog

OCTOBER 6, 2023

If the problem you are trying to solve or the need you are addressing isn’t a quick fix but instead long range, ongoing and/or escalating, you might consider forming your own nonprofit. In this post, we’ll review frequently asked questions about starting a nonprofit and nine key steps to get your own organization up and running.

Nonprofit governance and management 105

Nonprofit governance and management Public and Nonprofit Management Law Governance 105

Bloomerang

JULY 21, 2021

Before starting a nonprofit organization, you should understand that the 501(c)(3) designation is just that: a tax designation. Here are the tactical steps you must take to starting a nonprofit. . Here are the tactical steps you must take to starting a nonprofit. . Name your organization. . Why is that important?

Nonprofit Organizations 128

Nonprofit Organizations Nonprofit Organizations Nonprofit governance and management Insurance 128

The Charity CFO

JANUARY 26, 2023

Most people dread filing taxes. Nonprofit leaders have an especially hard time understanding, preparing and filing their returns. They’re ever busy trying to make a positive difference in their communities, which is why tax filing often comes as an afterthought. But why is this really important?

Public and Social Policy 52

Public and Social Policy Nonprofit governance and management Public and Nonprofit Management Finance 52

Bloomerang

JANUARY 22, 2024

You might be inspired to bring your idea to life by starting a nonprofit. million registered nonprofits in the United States, making these charitable organizations a staple of modern society. However, any new nonprofit needs a strong foundation to thrive. Starting a Nonprofit: Basic FAQs What is a nonprofit?

Public and Social Policy 81

Public and Social Policy Nonprofit governance and management Public and Nonprofit Management Charitable Organizations 81

The Charity CFO

DECEMBER 21, 2021

Many nonprofit founders think that they won’t have to worry about taxes. So if you’re new to nonprofit accounting , you shouldn’t make too many assumptions about which taxes you will (or won’t) have to pay. . A note on the term “nonprofit:” There are 27 different nonprofits types in the federal tax code.

Public and Nonprofit Management 85

Public and Nonprofit Management Nonprofit governance and management Nonprofits Law 85

Candid

NOVEMBER 8, 2022

Does a nonprofit’s mission statement influence its fundraising efforts? New research conducted using data from Candid suggests that understanding this relationship can boost your nonprofit’s fundraising success. An effective nonprofit mission statement draws supporters and donors to an organization.

Homelessness 137

Homelessness Nonprofits Associations Food 137

The Charity CFO

APRIL 8, 2022

Starting a nonprofit organization can be confusing and tricky, especially if it’s your first time and you don’t have any experience filling out a 501c(3) application. However, filling out the application is an essential step in setting up a nonprofit charity with the full benefits of tax-exempt status.

Nonprofit governance and management 52

Nonprofit governance and management Nonprofit Accountability Nonprofits Activism 52

Get Fully Funded

OCTOBER 21, 2021

Online fundraising allows your nonprofit to earn donations from a wide audience, growing your network and raising more for your cause. Today, most modern nonprofits engage in at least limited online fundraising to engage supporters even while following social distancing guidelines. Applying to Fundraise Online.

Law 64

Law Fundraising Fundraising Public and Social Policy 64

Get Fully Funded

JUNE 5, 2023

When set up right, your nonprofit accounting system will help you manage your nonprofit and streamline processes like budgeting, projecting cash flow, and even hiring. The problem is that if you’re like most, you haven’t paid a lot of attention to your accounting system. I promise you will.

Nonprofit Accountability 98

Nonprofit Accountability Nonprofit governance and management Finance Management 98

Bloomerang

AUGUST 20, 2021

Though the COVID-19 pandemic has put a lot of life on hold, your nonprofit hasn’t stopped operating. You and your staff have worked tirelessly to keep your organization afloat through 2020 and 2021, fundraising for your cause and maintaining good relationships with donors. . Multi-state expansion protocols.

Law 111

Law Governance Fundraising Fundraising 111

Bloomerang

MAY 29, 2021

Dear Charity Clairity, We often receive gifts in kind which are worth a lot of money. Some examples include technology upgrades and person hours or large items donated for our live auction which make us thousands of dollars in the auction for each item. The form of the gift is not what’s important. The impact is the same.

Finance 106

Finance Public and Nonprofit Management Values Production 106

Top Nonprofits

JUNE 29, 2023

One of the main benefits of registering as a 501(c)(3) nonprofit is that your organization is exempt from paying most taxes. With this provision, you can reinvest all of your revenue back into your organization to help further your mission. Do all nonprofits conduct audits?

Finance 52

Finance Nonprofit governance and management Nonprofits Nonprofit Accountability 52

Marketing for the Modern Nonprofit

DECEMBER 7, 2023

Guest post by Ann Fellman, Chief Marketing Officer at Bloomerang Every year, nonprofits are required to file Form 990 with the IRS to provide financial information and maintain tax-exempt status. That’s why many nonprofits also choose to create their own annual report to provide more context for supporters.

Marketing 70

Marketing Marketing Public and Nonprofit Management Finance 70

NonProfit Hub

JUNE 29, 2021

This blog will be a great place to start, but if you find yourself praying no one asks you questions about the financials in your next board meeting, you may want to check out our Nonprofit Accounting Essentials course in partnership with The Charity CFO. . You’ll learn quickly that “nonprofit” doesn’t mean “no profit.”

Nonprofit Accountability 77

Nonprofit Accountability Finance Nonprofits Governance 77

Non Profit Accounting Academy

MARCH 2, 2020

He was also perpetrating a nonprofit fraud by pocketing hundreds of thousands of dollars in stolen donations meant to help area residents in need. Looking at Forms 990 filed by Santa Rosa County during the time Thompson worked at United Way, we see striking variances in total revenue from year to year. Attorney’s Office].

Nonprofits 52

Nonprofits Public and Nonprofit Management Finance Universities 52

Get Fully Funded

AUGUST 18, 2022

Given the In difficult times, nonprofits provide life-changing support to people affected by financial hardship. substantial impact of nonprofit activity, many companies and people want to give back to their organization but don’t have the means to do so. The big question is, how much can your nonprofit spend on fundraising?

Non-Profits 64

Non-Profits Values Activism Environmental 64

Selfish Giving

JUNE 21, 2020

Today, our legal expert, Karen Wu of Perlman & Perlman , is answering your questions on unrelated business income tax (UBIT). that is conducting a charitable sales promotion in which it will advertise that it is donating to Charity Corp. UBIT is assessed at the standard corporate tax rate, which is currently 21%.[2]

Law 147

Law Public and Social Policy Advertising Activism 147

NonProfit Hub

SEPTEMBER 8, 2015

Separated by just a few lines, which route you go to classify your nonprofit will have a big difference on what type of actions are legal and how you manage your finances. This classification is the most common for nonprofits. As a result, the IRS was flooded with new applications for 501(c)(4) organizations.

Taxation 75

Taxation Finance Public and Nonprofit Management Charitable Contribution 75

Nonprofit Fixer

JULY 31, 2023

Fundraising Goals Wall Chart Nonprofit fundraising is a giant topic and it can be incredibly complicated. The number of websites, tools, and resources aiming to help nonprofits with fundraising is mind-blowing – and growing every day. Check out our suite of nonprofit fundraising trainings and tools. Help is here.

Fundraising 52

Fundraising Fundraising Nonprofit governance and management Law 52

NonProfit Hub

MAY 10, 2016

In May, many nonprofits are coming up on the end of their fiscal year and that comes with filling out a lot of tax forms. It may not be your favorite subject, but it sure is an important one. To meet the IRS’s standards, nonprofits must file an annual report. Know Which Form to File.

Governance 31

Governance Nonprofits Marketing Marketing 31

Candid

APRIL 13, 2021

For example, nonprofit IRS filings—IRS Forms 990, 990-EZ, 990-PF, and 990-N, which U.S. tax-exempt organizations must file annually—are an impressive source of public information. Whom are nonprofits serving with their programs? What type of nonprofits?

Participation and motivation 98

Participation and motivation Foundations Activism Nonprofits 98

The Charity CFO

JANUARY 19, 2023

Accounting standards for nonprofits are probably not the first thing you think about, but are crucial for your organization to succeed. Nonprofit organizations distinguish themselves from for-profit entities through their purpose and mission. Another difference is in fund accounting.

Public and Social Policy 52

Public and Social Policy Finance Nonprofits Nonprofit Accountability 52

The Charity CFO

MAY 18, 2022

Financial oversight is one of the primary roles of your nonprofit board of directors. . Every nonprofit is required to have a board of directors. And they create a lot of confusion for people new to the nonprofit sector. Nonprofits are fundamentally different from other businesses. What is Financial Oversight?

Public and Nonprofit Management 105

Public and Nonprofit Management Finance Nonprofit governance and management Nonprofit Finance 105

Get Fully Funded

JUNE 29, 2021

You started your nonprofit because you saw a need in your community and felt inspired to meet that need. But doing good doesn’t pay the nonprofit’s bills, unfortunately. To make this happen, you MUST think of your nonprofit like a business — and run it that way. You have to establish your brand.

Insurance 116

Insurance Nonprofits Food Marketing 116

The Charity CFO

MAY 6, 2022

According to The Nonprofit Times, almost 80% of all nonprofit revenue comes from the US government in the form of federal grant funding or fees for services. If you’re like most organizations, you would love to get some of that funding to put toward your mission. What do I need to be eligible for federal funds?

Recruitment 119

Recruitment Governance Insurance Nonprofits 119

The Charity CFO

APRIL 28, 2023

Is there an advantage to working with accounting firms specializing in nonprofits? Nonprofit organizations play a crucial role in addressing social, environmental, and cultural issues in our society. When setting up your fund accounting system, you must ensure that it meets the unique needs of your organization.

Nonprofit Accountability 52

Nonprofit Accountability Finance Nonprofits Management 52