Principles for Responsible Fundraising for Non-Profits

Fundraising is at the core of most nonprofit organizations’ success. Yet, finding the individuals and companies that believe in your mission enough to support you financially is only the start. Keeping them involved with your organization as active donors, involving the board in raising funds, utilizing the funds in a

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Refine Your Nonprofit’s Financial Practices

Every nonprofit organization has an important mission to fulfill. One part of accomplishing the mission is attracting, engaging and cultivating a well-trained work force and volunteer team. The “hands” of an organization are essential to delivering the resources and services to the community and other beneficiaries. However, organizations also need

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Key Strategies for Effective Not-for-profit Governance

Not-for-profit organizations are always seeking ways to preserve and strengthen the confidence of their donors and the public at large. Most often these organizations focus on increasing transparency, enhancing governance and ensuring compliance with the highest ethical standards. In other words, they seek to embody the principles that make them

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How Non-Profits Use Compensation to Incentivize Performance

Incentivizing performance can be a powerful tool for attracting and retaining top talent. In fact, more than 80 percent of top executives in the private sector participate in incentive plans. Like their counterparts in corporate America, non-profits are realizing that incentivizing staff is just good business. Recent studies have found

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Major Revision to Not-for-Profit Financial Reporting

The Financial Accounting Standards Board (FASB) recently issued Accounting Standards Update 2016-14, providing changes to the financial reporting framework for not-for-profit organizations. This is the first major revision in over 20 years and aims to provide more transparency and improve comparability among Not-for-Profit Organizations (NPOs). The major provisions from this

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Proposed FASB Changes: What Nonprofit Leaders Need to Know

On April 22, 2015, the Financial Accounting Standards Board (FASB) issued a proposed Accounting Standards Update intended to improve the information provided in nonprofit financial statements and notes to financial statements. The changes are regarded as improvements to the FASB’s current net asset classification and information presented in financial statements

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