nonprofit strategies

Knowing Whether Income is Sponsorship or Advertising

Many not-for-profits supplement their usual income-producing activities with sponsorships or advertising programs. Although you’re allowed to receive such payments, they’re subject to unrelated business income tax (UBIT) unless the activities are substantially related to your organization’s tax-exempt purpose or qualify for another exemption. So it’s important to understand the possible

2021-04-12T14:56:24-06:00June 12th, 2018|

Finding a Bookkeeper for Your Nonprofit

Looking for the perfect bookkeeper is something like looking for an ideal mate. You’ll want to think hard about your organization’s needs before you start searching for, and commit to, the person who’ll handle your day-to-day accounting functions. Define the role Before advertising the position, define the role. Crafting a

2021-04-12T14:56:46-06:00April 24th, 2018|

5 Strategies for Struggling Nonprofits

If your not-for-profit is struggling financially, you’ve probably already taken steps to cut costs, such as wage freezes and layoffs. But to keep your organization afloat, you may need to come up with more creative ways to generate operating cash flow. Here are five: 1. Revisit your mission and programs.

2021-04-12T14:57:08-06:00January 22nd, 2018|
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