Nonprofit Accounting Basics

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Debt to Assets Ratio

This is one of many leverage ratios used to determine the financial viability of an organization.

Board Member Compensation

There is no federal law that prohibits nonprofits from compensating their board members but some states may forbid compensation for board service.

Bylaws

Bylaws form a legally binding document that outlines the organizational authority levels, how the board functions, and how it is structured.

Fiduciary Responsibility - Board Governance for Charitable Non-Profit Organizations

Fiduciary obligations require charitable non-profit organizations to adhere to the highest ethical and legal standards. In every decision made and action taken, a charitable non-profit must:

Board Accountability

“The Buck Stops Here” phrase emphasizes the importance of accountability and holds true for a charitable non-profit organization board.

Do restricted funds need to be kept in a separate bank account?

Question: We are a small but growing nonprofit organization. We just received notification of a restricted contribution from an estate.

Billing Schemes and Deterrence Measures

A billing scheme is a fraudulent disbursement technique whereby a person submits bills for bogus goods or services, inflated invoices, or invoices for personal purchases to trick their employer int

How to Run a Successful Capital Campaign

To launch a capital campaign is a major decision for any nonprofit. Capital campaigns are not for all organizations. Those who decide to start one must ensure:

Don’t Wait for Chat GPT to Tell You: You Need an AI Usage Policy!

The promise of artificial intelligence (AI) became magnified on a global scale with the introduction of Chat GPT.

Getting Financial Reporting Right: A Guide for Federal Award Recipients

Submitting reports on time and accurately is crucial for federal award recipients to maintain a good relationship with the awarding agency and secure ongoing funding.