Nonprofit Accounting Basics

starting-a-nonprofit-checklist

Starting a Nonprofit Organization Checklist

If you’re reading this, you are either thinking of starting a nonprofit organization or you’ve officially decided to take the first steps. Congratulations! This is an exciting time. The list of things needed to start a nonprofit might be intimidating, but here at MoneyMinder, we want to see you and your nonprofit organization succeed. We…

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Maintaining Your Tax-Exempt Status

Whether your organization has been tax-exempt from day one or it is a recent change, you have come to this post for a great reason: maintaining your tax-exempt status. There are many benefits to being a tax-exempt organization. The obvious ones being federal tax exemption, tax-deductible contributions and sometimes exemption from employee tax. This status…

pta-pto-taxes

How do PTAs, PTOs and Other Parent Groups File Taxes?

Parent Group, PTO & PTA Taxes 101 Taxes. If you dislike doing your own personal taxes, you’re likely not looking forward to filing your nonprofit’s taxes. Right?! Like it or not, Parent Teacher Associations and Organizations who have a federal exemption (think 501(c)3 status) must file a 990, 990N, or 990EZ every year. But how?…

nonprofit year end easier

5 Tips to Make Your Nonprofit Year End Easier

Working with a nonprofit is very rewarding because you get to help others in a meaningful way. But one side of the nonprofit industry that might not be enjoyable for some is the end of the year. Although the date may vary by group, “year-end” is the time for nonprofits to evaluate their finances. In…

collecting dues

Collecting Dues When Times Are Tough

When your organization or community faces hard times, you may feel uncomfortable collecting dues from your members. Whether you are managing due collection for a sports team or an HOA, it is important to remember how crucial dues are to keep your organization running properly. Keep in mind that your members are most likely loyal…

nonprofit compliance

Making Sure your Nonprofit Organization is Compliant

Making sure that your nonprofit organization is compliant might seem like a snooze fest, however, compliance is super important. It just takes a little research to make sure that you are operating at a high level of accountability and transparency. Tax exempt status, fundraising and reporting can all be very complicated and we are here…

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How to Wrap Up Your Year as Treasurer

And…that’s a wrap! Or is it? As the school year draws to a close there are a few items that a volunteer treasurer needs to check off of their list. The chalkboard may be wiped clean and the lockers swept out but you still have a (volunteer) job to do. Fiscal Year End Many school…

HOA Treasurer Transitions

Treasurer Transition Strategies for HOAs

Serving as the treasurer for your HOA Board of Directors is an important job. To make your job as treasurer a little easier, there are a few things you can do to smooth your transition onto the Board. Smooth transitions are not only key to your success but they can aid in future changeover which…

three pillars nonprofit accounting

3 Pillars of Effective Nonprofit Accounting Software in 2018

Finding straightforward accounting software to manage your nonprofits books can be an overwhelming process. Software programs can either be too complex for a small nonprofit or too simplistic for your accounting needs. We would like to make this process a little bit easier for you by providing 3 important pillars to look for when choosing…

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The Ease of IRS Tax Form 990N

We understand that tax filing time might not be everyone’s favorite time of year, but if your nonprofit qualifies to use the IRS Tax Form 990N, then tax filing might not be as difficult as you think. Who Can File The IRS Form 990N is also known as the e-Postcard. It is the simplest version…