CapinCrouse’s 2024 Key Federal Tax Figures summary provides information you can use throughout the year. Download your free copy today.
How Weak IT Controls Can Affect Your Financial Statement Audit
With IT affecting financial operations so heavily, nonprofits need to view IT and cybersecurity as organization-wide concerns influencing every employee, department, and process, including their financial statement audits.
100% of Board Giving Escapes Over 27% of Nonprofits
Only 73% of nonprofits indicated their Board of Directors are all active donors and give financially every year. This is according to a OpX360 Executive Study of 155 nonprofits benchmarking their marketing, fundraising, and communication practices suggesting a reluctance of some nonprofits to either fundraise from board members or require board giving. BoardSource, another recognized leader in nonprofit board … Continue Reading
How Nonprofits Increase Their Foundation Funding Through Best Practices and Technology
Nonprofits can increase their foundation funding by automating their manual grant management process through grant management smart tools that leverage industry best practices. There is no better time than now to demonstrate operational competence. What Are Grant Management Smart Tools? Grant management smart tools help foundations and nonprofits manage the grant process. Some tools are designed … Continue Reading
Financial Management Matters!
For our programs and ministries to be successful, we need to realize financial management matters. It is nearly impossible to accomplish the mission of your organization without cash and that is why financial management matters. Sometimes we are so focused on the specific program activities and outcomes that we neglect the infrastructure of the organization. … Continue Reading
Businesses Need Nonprofits as Much as Nonprofits Need Businesses
Why Do Businesses Need Nonprofits? Not long along, only a few enlightened businesses actively promoted social issues as part of their marketing and branding. Today, corporate philanthropy and corporate social responsibility are integral parts of almost every serious business plan. Corporate philanthropy used to primarily take the form of a financial contribution and to a … Continue Reading
How One Nonprofit Sector is Benefitting from Community and New Funding They Did Not Create
While most companies are becoming greener, some businesses are actually baking sustainability into their businesses to create breakthrough innovations, larger profits, and infectious social good. These ecologically-minded organizations are magnetizing consumers with a similar worldview to buy their products. And together with other like-minded individuals and entities, they are creating a “sustainable” community to help … Continue Reading
Why Are Board Members and Funders Still Using “Trust but Verify” When Measuring Nonprofit Effectiveness?
The phrase “trust but verify” was made famous by Ronald Reagan after the signing of the Intermediate-Range Nuclear Treaty with Mikhail Gorbachev in December 1987. At the time, the Soviet General Secretary bantered, “You repeat that at every meeting.” Reagan replied, “I like it.” What was President Reagan really saying? He was saying, “I trust … Continue Reading
Lagging Donations Could Be Symptomatic of a Much Larger Operational Problem for Nonprofits
Lagging indicators are easy to measure but can be hard to influence. For nonprofits, a clear lagging indicator that is easy to measure but hard to improve on is donations. The problem with lagging indicators is, well, they’re lagging. It’s not too tricky when we are experiencing year-over-year increases in revenues but it quickly becomes … Continue Reading
Would You Invest a Little Time to Impress Your Board and Capture Larger Donations?
According to “Overcoming Barriers to Giving,” Fidelity Charitable’s study of over 3,200 donors, 64% of donors want to give more. While your donors may have other questions and concerns, demonstrating your nonprofit’s effectiveness has the greatest potential of encouraging your funders to increase their gift size or giving frequency, or both. That’s where we can … Continue Reading