BUDGETING & FINANCE

Nonprofits are a business! As a business, the nonprofit has fiduciary responsibilities. Budgeting and financing procedures vary with every nonprofit. What works for one may not work for the other. Board members need to understand their duties regarding the nonprofit’s finances. Learn about the question you should ask a CPA about budgeting for a nonprofit.

Mastering 501(c)(3) Status and 990 Filing: A Conversation with Rolanda T. Watson

Nonprofits play a vital role in our communities, but maintaining compliance with tax regulations is crucial for their continued success. On a recent episode of Sipping Tea with Sabrina, I had the pleasure of speaking with Rolanda T. Watson, an experienced tax professional and IRS-enrolled agent, about the key aspects of keeping a nonprofit’s 501(c)(3) […]

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3 Fundamentals of Nonprofit Financial Management to Know

For nonprofits like yours, maintaining relationships is essential to your ability to make an impact. Whether you’re connecting with donors, grantmakers, corporate partners, beneficiaries, or the community at large, your organization needs to establish itself as dedicated and trustworthy to receive support and effectively serve the community. A key element of this dedication and trustworthiness

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What the Most Successful Nonprofits Know about Staff Retirement and Benefits

I recently had the pleasure of interviewing Adam Swartz, President and Financial Advisor at AMIN Financial Planning and Advisory Services. What makes Adam’s perspective unique on this topic is that he worked for 27 years in the nonprofit sector, in a variety of different fundraising roles including serving as a CEO of a nonprofit for eight

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