Resources

Cost allocation probably isn’t your favorite task — particularly if your nonprofit has many activities. Yet the process is critical because donors and funders want to know how your organization uses its financial resources. In addition, you likely need to comply with Generally Accepted Accounting Principles (GAAP), which are determined by the Financial Accounting Standards […]

At least 68% of not-for-profits experienced one or more data breaches between 2021 and 2023, according to the CyberPeace Institute. Already in 2025, several nonprofits, including health care, social service and religious organizations, have made cyberattack losses public. Nonprofits can be particularly vulnerable to such crimes because they generally spend less money on cybersecurity systems […]

If your nonprofit’s fundraising arm has largely neglected younger generations in favor of Baby Boomers, you may need to revise your outreach strategy. Boomers currently make up the largest demographic of charitable donors. But, according to consulting firm Cerulli Associates, Americans born between 1965 and 1996 (Generation X and Millennials) are expected to inherit $84 trillion in […]

How often do you reconcile your organization’s internal financial records against your bank statements? Bank reconciliations are an essential internal control procedure that busy managers sometimes overlook or neglect. Here’s why it pays to perform them regularly. Operational benefits Weekly or monthly bank reconciliations can improve the accuracy of your organization’s financial records. You may […]

Charitable fundraisers that feature games of chance — everything from bingo and raffles to baccarat and roulette — help U.S. nonprofits raise millions of dollars every year. However, hosting gambling events can also trigger certain tax-related responsibilities. Before scheduling a casino night, lottery or other “regulated” activity, review these rules: Unrelated business income (UBI). If […]