When you are thinking about how to start a nonprofit or are just new to working or leading in the nonprofit sector to grow social impact, there are a lot of misconceptions out there. Here is an assortment of quick, usable articles to get you headed in the right direction and avoid the mistakes we’ve made ourselves.
All nonprofits need the following 13 minimum financial internal controls, regardless of size: segregation of duties, monthly bank statement reconciliation, enforce cash handling procedures, limit credit card use, record and review all income, control the disbursement process, monitor and validate…
Nonprofit organizations and their employees and volunteers often find themselves in a difficult situation. They want to impact the world for good, but they also need to balance the needs of donors with those of service recipients. This is not…
Nonprofits are an organization that does something for the public good. They do not make a profit and they need donations to keep running. Nonprofits can fail because of many reasons, such as not having a vision, direction or growth. Let’s dive into this.
Many people think of nonprofits as the “easy way out.” They believe that they don’t need to put in much effort since they are not going for profit. This couldn’t be any further from the truth! Nonprofits need just as…
Working for a nonprofit is not always easy. Nonprofits typically have little money to pay their employees, and they often do not reward high performers with promotions or higher salaries. As if that wasn’t bad enough, the work can be…
Nonprofits are recommended to have general liability (premise), commercial automobile (non-owned/hired), and directors and officers (D&O) liability coverages. Depending on the programs and services provided, additional coverages including property insurance, fidelity insurance, social services / professional, accident, sexual misconduct, workers compensation, and cyber liability may be necessary.
In the United States, it costs an average of $858.79 in state and federal fees to start a nonprofit. The minimum cost to start a nonprofit is $283 in Kentucky and on the high end, $2448 in the District of…
Being a life-long learner is vital for growing a nonprofit. After years of reading, we have put together our comprehensive list of the best nonprofit books. We categorized the best nonprofit books list by role and interest types. Personal Top…
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