Resources

There are thousands of grants and millions of dollars available to nonprofits from the federal government, states, foundations, and other sources. Unfortunately, you can’t just ask nicely and expect to receive them. Qualifying for the funding your organization needs generally requires you to submit thorough, professional, and compelling grant proposals. Here are a few tips. […]

In today’s volatile economy, many businesses and nonprofits have been required to write down the value of acquired goodwill on their balance sheets. Others are expected to follow suit — or report additional write-offs — in 2022. To the extent that goodwill is written off, it can’t be recovered in the future, even if the […]

Regularly asking clients for feedback about your not-for-profit and its services is essential to maintaining healthy relationships. But the practice also makes financial sense. You want to ensure you maximize the power of your budget by allocating funds to the most productive programs that deliver the best outcomes. Here are several best practices for collecting […]

Financial statements tell only part of the story. Investors, lenders, and other stakeholders who know how to identify red flags of impending problems can protect their own financial interests. Additional due diligence may be needed to uncover these issues. For instance, stakeholders might need to talk to management, visit the company’s website, and compute financial […]

If your not-for-profit is trying to fulfill its mission with less volunteer help these days, you’re not alone. A December 2021 Gallop poll found that although donating to charity has largely returned to pre-pandemic levels, volunteering was still down. Only 56% of survey respondents said they’d volunteered in the past year, compared with 64% in […]