Nonprofit Accounting Basics
PTA Fundraising Chair Responsibilities
PTAs are important providers of school support and a vital role within the organization is the Fundraising Chair. Whether you have been recently asked or are considering involvement, here is a bit of information about this important position. How to Become a Fundraising Chair The Fundraising Chair is usually elected by the PTA Board or…
Tax Deductions for Volunteering
Did you know that it pays to volunteer? Not only are you pitching in and supporting a good cause but there are all kinds of deductions that you could be eligible for come tax time. Here are some very useful tax deductions for volunteering. Transportation Volunteers may deduct transportation expenses. They must be incurred getting…
The Ultimate Guide to Being a Volunteer Treasurer
Have you recently stepped into the role of volunteer treasurer? The treasurer role of a nonprofit organization can be an incredibly rewarding experience but also a little bit daunting. The position does require financial expertise, dedication as well as time, and patience. However, that doesn’t mean that record-keeping can’t be fun! We are here to…
Form 1023-EZ Streamlined Application of Exemption Under Section 501(c)(3) of the Internal Revenue Code
Great news for those seeking nonprofit status. The federal tax exempt status application, or Form 1023, has been streamlined! Once upon a time, it was necessary for every applicant seeking 501(c)(3) nonprofit federal tax exempt status to fill out Form 1023 which is 26 pages long. Once all attachments, schedules and other materials are attached, it…
2 Essential Treasurer Reports for Nonprofit Organizations
Treasurer reports are a key tool in accurate nonprofit financial reporting. Running reports is a great way to keep track of all money that goes in and out of your accounts. Plus, sharing these reports with your Board of Directors or membership is a great way to get everyone in agreement if there is a…
Transitioning Treasurers: Insights for Making a Smooth Transition
It’s that time of year again! It is time for transitioning treasurers! Being a Treasurer is a serious job and now you can pass the torch to the next person. Go ahead and pat yourself on the back for a job well done and check out these tips on how to ensure a smooth transition…
Budgeting Dos and Don’ts
Budgeting can be a powerful planning tool. Here are a few must “Dos” to have a successful budget and a few common errors or “Don’ts”
How to Start a Nonprofit on a Budget
A few tips on how to start a nonprofit on a budget so that yours can begin on the road to success.
New Feature: Budget Analysis Report
Budgeting is vital to the success of a nonprofit organization. Considering the importance of budgeting, many groups find themselves in the situation that the fiscal year end is approaching and they would like to know where they stand financially. Comparing budget to actual numbers is helpful in the case that you may want to re-allocate…
