What is a nonprofit fiscal year, and how is it different from a calendar year? And why does it matter? The I.R.S. gives the following definitions: Calendar Year – A…
Latest Posts
-
-
Church ManagementNonprofit AccountingNonprofit Management
Year-End Checklist For Nonprofits And Churches
by Tim Goetzby Tim GoetzIf your organization’s fiscal year is from January to December, this time of year may leave you feeling a wide range of emotions. You likely find yourself grateful for the…
-
Church ManagementNonprofit Management
Attracting Volunteers For Your Organization
by Tim Goetzby Tim GoetzIf I were to survey all the great organizations, including churches and nonprofits, and ask them what the key to their success has been, there is no doubt in my…
-
Are you starting a nonprofit and wondering what the compensation for the executive director (which may be you) should be? The following article includes guidelines to help you determine what…
-
Nonprofit Accounting
What Benefit Does Being A 501(c)(3) Offer My Nonprofit And Its Contributors?
by Tim Goetzby Tim GoetzOne of the primary benefits of being tax-exempt under IRC Section 501(c)(3) is the ability to accept *contributions and donations that are tax-deductible to the donor. Additional benefits include, but…
-
The management of your organizations money is a critical part of what you do. What do you need to look for in a bank account for your nonprofit organization? Once…
Many nonprofits make the mistake of looking at having cash reserves on hand as a luxury instead of a necessity, when in fact, keeping reserve funds set aside for unforeseen…
It’s a joy for a donor to support an organization they believe in, and having a positive experience when giving can make someone want to donate again in the future.…
