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…
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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…
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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…
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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…
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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 a nonprofit or church being tax-exempt under IRC Section 501(c)(3) is the ability to accept *contributions and donations that are tax-deductible to the donor.…
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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…
Last week, major news broke about the collapse of Silicon Valley Bank and the takeover by the FDIC. The failure of Silicon Valley Bank is particularly big news in the…
Implementing a monthly donation program is an effective way for your nonprofit to create a predictable revenue stream so you can more accurately budget for the future of your organization.…