No matter what corner of the nonprofit world you find yourself in, every organization has one thing in common – the need for nonprofit operating reserves. While it may sound complex, it’s a vital part of the financial picture for nonprofit leaders to...
The mission of the Asthma and Allergy Foundation of America, St. Louis Chapter (AAFA-STL), is about as simple and meaningful as you could come up with. Their tagline states: We help children breathe. Specifically, the organization has been serving St. Louis for 40...
Is your nonprofit using 1099 best practices? Nonprofits rely on the generosity of donors and volunteers to support their mission and achieve their goals. But, just like for-profit businesses, nonprofit organizations must also navigate complex tax laws and regulations...
The finance director role is critical to the success of any nonprofit, making it one of the most important hires an organization can make. They are responsible for the financial health of the organization. They create and maintain financial records, prepare financial...
Likely to the dismay of many nonprofit leaders, nonprofit organizations must practically live and breathe bureaucracy to maintain their tax-exempt status and ensure the continuation of their mission. While the Form W-9 for nonprofits is just one more in the constant...
How do nonprofits make money? Nonprofits exist to meet a societal need or provide a public benefit. Unlike an organization whose primary goal is to make money, nonprofits exist to meet a community’s needs. That said, while it’s not your primary purpose,...