Nonprofit

Protect your nonprofit from occupational fraud threats

Not-for-profit organizations don’t lose as much to occupational fraud as for-profit businesses do. According to the Association of Certified Fraud Examiners’ (ACFE’s) 2018 Report to the Nations, nonprofits lost a median amount of $75,000 during the 21-month study period, compared with $164,000 for private for-profit companies. Yet few nonprofit budgets can afford a $75,000 shortfall […]

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Should you revise your nonprofit’s bylaws?

Your not-for-profit has likely grown and evolved since it was founded. Have your bylaws kept pace? Bylaws are the rules and principles that define your organization — and, if you haven’t revisited them recently, they may not be as effective as they could be. Rules and procedures Typically, bylaws cover such topics as the broad […]

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Selecting Software for Your Nonprofit

For many nonprofits, choosing the best accounting system for their organization can be especially challenging because of the many options available. Not only does your organization have to find a software that works for daily tasks like processing journal entries, sending invoices, and paying employees but it also has to find a system that can […]

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Volunteers are Assets Nonprofits Must Protect

How much are your volunteers worth? The not-for-profit advocacy group Independent Sector estimates the value of the average American volunteer at $24.69 an hour. Volunteers who perform specialized services may be even more valuable. Whether your entire workforce is unpaid or you rely on a few volunteers to support a paid staff, you need to […]

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