Nonprofit Organizations Articles
The Changing Roles of Your Nonprofit Board
Posted by Sarah Hopkins on July 03, 2024
Nonprofit boards must evolve as their organizations grow, transitioning from a focus on daily operations in the early years to strategic governance as the nonprofit matures. Key strategies include diversifying board membership, establishing committees, and maintaining a balance between new ideas and experienced guidance. Implementing term limits can help keep the board dynamic and open to change.
Enhancing Fringe Benefits: A Strategic Approach to Attracting Talent in Nonprofits
Posted by Matthew Cronmiller on June 26, 2024
Nonprofit organizations can use fringe benefits as a strategic tool to attract and retain talent, especially when they face the challenge of lower compensation compared to for-profit entities. Some cost-effective and innovative benefits solutions, such as wellness programs, retirement savings plans, dependent care accounts, and education reimbursement programs, can appeal to the diverse needs and preferences of nonprofit employees.
Optimizing Nonprofit Workforce Efficiency Through Job Rotation
Posted by Amina Diallo on June 19, 2024
Job rotation is a strategic initiative that allows nonprofit employees to enhance their skills, productivity, and adaptability by switching roles within the organization. This practice benefits both the organization and the employees, as it ensures continuity of operations, strengthens internal controls, increases employee value and commitment, and fosters a supportive work environment.
Preparing for Your Next Form 990 Filing
Posted by Jill Johnson on June 05, 2024
Nonprofits should maintain accurate records and work to prevent fraud throughout the year to ensure timely and precise filing of Form 990, including Schedule G and foreign operations details, by the next IRS deadline.
Take Comprehensive Action on Audit Findings
Posted by Sarah Hopkins on May 22, 2024
External audits can assure stakeholders of a nonprofit's financial stability and help prevent fraud, but failure to address recommended actions from audit reports can threaten the organization's future.
Addressing Volunteer Liability and Tax Concerns in Nonprofit Organizations
Posted by Sarah Hopkins on May 01, 2024
It's essential to pay attention to the legal and tax issues that volunteers might encounter.
Understanding Disaster Relief Charity Regulations
Posted by Elizabeth Krause on April 24, 2024
Disaster relief charities that are exempt from tax can give both short-term and long-term assistance to make sure that victims have basic needs, but they must follow IRS rules.
Mitigating Fraud Risks in Nonprofit Organizations
Posted by Jill Johnson on April 17, 2024
To effectively safeguard against fraud, nonprofits must proactively design and implement robust internal controls tailored to their unique operational risks.
Harnessing Board Committees to Optimize Time and Expertise
Posted by Amina Diallo on April 10, 2024
Using board committees gives not-for-profit organizations a strategic way to improve member involvement, increase operational performance, and achieve specific goals.
Improving Nonprofits: Guidelines for Restructuring
Posted by Jill Johnson on March 27, 2024
Before you move ahead with nonprofit restructuring, it's possible that you may need to file a new exemption application and deal with other challenges.