Good financial information can help your nonprofit execute its mission, which will propel your organization to flourish so you can put your nonprofit’s vision in motion. Ratios are a tool…
Latest Posts
-
-
When setting up the books for your nonprofit, specifically the chart of accounts, one of the best things you can do is check out the 990-EZ expense worksheet to categorize…
-
Nonprofit AccountingNonprofit Management
When You Need More Time – Filing A Form 990 Extension
by Tim Goetzby Tim GoetzMany people may have not even received their personal tax refund—or worse yet, just paid their tax bill—when the nonprofit tax form is due. It’s the dreaded Form 990 (or…
-
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: Now, here’s why it…
-
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 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.…
-
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…
Nonprofits and churches create budgets for a variety of reasons. The bank might require a budget prior to lending money. Your board of directors or elders may require a budget…
It’s common knowledge in the nonprofit world that many organizations bring in a large portion of their revenue during the end-of-year giving season, so implementing a fundraising campaign during that…