Your nonprofit’s internal controls are strong only if they’re current. So perform a risk assessment every time you experience major organizational changes, such as significant expansion, or when factors such as the loss of a large grant put new stresses on your not-for-profit. Two functions deserve particular scrutiny: 1. Cash inflows Receiving funds is an [...]
If your not-for-profit is struggling and other organizations provide similar services in your community, you may want to consider a merger. Teaming up with another nonprofit may enable you to pool resources, cut costs and possibly better serve your constituents. The right choice? A merger may be appropriate if: Your organization has experienced steady declines [...]
Have you ever wondered about a charity’s tax-exempt status? Or if a particular charity is actually eligible to receive tax-deductible contributions? The IRS has launched a new tool to help you check. Exempt Organizations Select Check is an on-line search tool that allows users to find key information about tax-exempt organizations. Searching used to be [...]
