Net assets are a crucial concept in the nonprofit sector. Unlike for-profit businesses, nonprofits do not have owner’s equity or retained earnings. Instead, net assets represent the difference between what the organization owns and owes. In this article, we will…
Nonprofit organizations play a crucial role in society by addressing social issues and providing valuable services to communities. However, in order to effectively fulfill their missions, nonprofits need to have strong financial foundations. Maximizing net assets is essential for nonprofit…
Net assets play a crucial role in the financial management of nonprofit organizations. Unlike for-profit businesses, nonprofits do not have owner’s equity or retained earnings. Instead, net assets represent the difference between what the organization owns and owes. Understanding net…
Net assets are a crucial concept in the nonprofit sector. Unlike for-profit businesses, nonprofits do not have owner’s equity or retained earnings. Instead, net assets represent the difference between what the organization owns and owes. In this article, we will…
As a nonprofit leader or executive, managing expenses and budgets is essential for your organization’s success. In this article, we’ll dive deeper into the features, benefits, and differences between two popular expense management solutions: Divvy and Expensify. Our goal is…
Operating reserves play a crucial role in the financial stability and long-term sustainability of nonprofit organizations. These liquid, unrestricted assets are listed on a balance sheet as “Net Assets Without Donor Restriction,” following the 2018 Financial Accounting Standards Board (FASB)…
Why Financial Responsibility Matters Financial responsibility is essential for nonprofits of all sizes. By fostering a culture of transparency and accountability, you’ll empower your entire team to contribute to the organization’s financial success. Let’s explore ways to create this culture…
With a vast array of financial management tools available in the market, it can be overwhelming for nonprofits to determine which ones work well together and fit their budgets. In this article, we’ll explore the financial management software tools we…
As a vital part of our society, nonprofit organizations provide valuable services and support to those in need. However, just like any organization, nonprofits require a financial cushion to guarantee their long-term sustainability. This is where operating reserves come in….
End of content
End of content
Nonprofit technology is a game-changer. Join our newsletter and get our Nonprofit Technology Checklist. We’ll send you useful nonprofit tips and resources without filling your inbox.