Healthy reserves are no accident
While building a reserve fund for your nonprofit takes planning, dedication and discipline, the financial flexibility reserves provide is critical during good times and bad.
Cutting the budget without hitting an artery
Given the anemic economic environment, nonprofits need to keep accountability and transparency in mind as they decide what to cut – and not cut – from their budgets.
Unscrambling ‘MRIs’ and ‘PRIs’
Using mission-related investments and program-related investments can help private foundations further their missions, but it’s important to understand the ins and outs of each.
Bringing accounting into the 21st century
With all the advances in accounting software, it’s time for nonprofits to consider updating their systems, a decision that could save both time and money.
Nonprofits can address financial challenges
With continuing high unemployment, withering budget cuts by state and local governments and massive cuts in federal spending, nonprofits can take some basic steps to weather the continuing financial storm.
Accounting lessons from the recession
While there are signs the economy is improving, the pain is far from over and experts says it’s time for nonprofits to heed the painful accounting advice dealt out by the recession if they are to rebuild strong and stable financial bases.
Nonprofit finance a tool for change
The new economy requires that nonprofits find new ways to think about their finances and assets, and to handle their accounting.
Understanding and using investment benchmarks
The ‘absolute-return’ benchmark provides the proper framework for making investment decisions and measuring the progress of the institution’s internal or external investment managers.
Finding new sources of income
In the current economic climate, it’s more important than ever for nonprofits to look for new ways to generate income. Done with care, nonprofits can benefit from venturing into the commercial arena.
Government work tough on N.C. nonprofits
Nonprofits across North Carolina are struggling to keep, manage and cover the costs of contracts they receive from federal, state and local governments, a new study says.