by acook | Dec 4, 2012 | Nonprofit communications, Nonprofit fund development
According to the IRS, nonprofits must give donors written confirmation of their contributions. If incorrect information about the tax deductibility of the gift is given, you risk experiencing the wrath of the IRS on the donor as well as your organization. Donors must...
by acook | Sep 17, 2012 | Nonprofit communications, Nonprofit fund development, Nonprofit operations, Nonprofit restricted funds
How can nonprofits make sure that there are actually informed donors out there when only 30% of donors actually research about the organization they support? Bob Ottenhoff, president and CEO of GuideStar, and Greg Ulrich, director at Hope Consulting, suggest three...
by acook | Aug 20, 2012 | Nonprofit communications, Nonprofit fund development
We have always known the importance of communication. Only through communication can a connection be formed between two strangers. Only through engagement in communication can strong and meaningful connections be developed. What better way to involve another person...
by acook | May 18, 2012 | Nonprofit Leadership Development
Our sixth anniversary event this week was fantastic! Our clients, our partners and and the team of Nonprofit Suite found common ground through Jeanne Bell’s presentation on creating sustainable nonprofit organizations. Jeanne Bell, the CEO of Compasspoint...
by acook | May 9, 2012 | Nonprofit Leadership Development
We have spent the last six years taking care of the accounting for nonprofit organizations. To celebrate our anniversary, Nonprofit Suite is honoring clients with a special Client Appreciation event. Jeanne Bell, CEO of CompassPoint Nonprofit Services, and one of the...
by acook | Dec 5, 2011 | Nonprofit Financial Reports
A Fixed Asset is created when you purchase or acquire through donation equipment, land, building, vehicles, furniture or other assets that have a useful life of more than one year AND cost more than a certain predetermined dollar amount. A Fixed Asset is most often a...
by acook | Nov 18, 2011 | Nonprofit operations
You may not know this, but we accountant-types think numbers are fascinating! They are interesting and multi-faceted; they tell a story, many stories. It is easy for me and my team of accountant-types to get completely absorbed in our fascination with numbers. The...
by acook | Oct 10, 2011 | Nonprofit Financial Reports
One of the biggest challenges for nonprofit organization is the constant attention that must be paid to cash flow. The contributions, especially grant awards, arrive as a large amount of cash that must be used sparingly over a period of several months until the next...
by acook | Sep 30, 2011 | Nonprofit Financial Reports
The most common mistake I see are cost allocation models happens in how an organization assigns time and effort to Management & General. In particular, I see a lot of organization automatically assign 100% of the Executive Director (ED) to the M&G expense by...
by acook | Sep 23, 2011 | Nonprofit Budget Development
I think there are three basic types of budgets. I’m not talking about whether you use a zero-based budget approach or some other academic method to build your annual budget – all of which are completely legitimate tools. I’m talking about how you position your...
