The MoneyMinder Blog
Insights and strategies for volunteer and nonprofit treasurers

Welcome to the New Nonprofit Central!
Here at Nonprofit Central, we spend so much of our time optimizing our flagship program – MoneyMinder treasury software – that our website design has taken a back seat. Until today! We hope you like our new and improved website, featuring: A responsive design to fit any screen size, including mobile A brand new logo Updated…

How to Handle Nonprofit Donations
How should the nonprofit treasurer handle donations? All nonprofit gift acknowledgements should contain: A statement that the nonprofit is a charity recognized as a tax-exempt organization by the IRS under Section 501(c)(3); Either (a) amount donated (if cash or cash equivalents), or (b) description of the property donated (the nonprofit should not attempt to assign…

10 More Quick Fundraising Ideas
Raise fun and funds this summer! Even though school is out and many families are on vacation, the very real need for cash for your organization remains intact. Summer isn’t typically a time of high impact giving but it could be a good time to try out a few fundraising ideas that can lead to…

Everything You Need to Know About a Nonprofit Board of Directors
Are you ready to change the world (or at least your little part of it) with your new non-profit organization? Having an understanding of the requirements for the board of directors, as well as the functions of the board, is vital to your success. First off, do nonprofits legally have to have a board of…

Does My Nonprofit Need Insurance?
Why NonProfit Central Recommends Non-Profit Insurance At NonProfit Central, we strongly encourage organizations to protect themselves with insurance. As a matter of fact, we go so far as to say, “RUN” from organizations that don’t feel insurance is important. What would happen if: Your fundraising merchandise was damaged or stolen? Did someone accuse you of…

Types of Nonprofit Insurance
There are Several Types of Non-Profit Insurance that you Might Consider: 1. General Liability Many fundraising activities can expose third parties to potential injury during an event. In addition, any time you attend a meeting or function, the location or actual site where the meeting or function is being held (such as a school) may…

Choosing a Nonprofit Bank
How to Choose a Bank for Your Non-Profit As a non-profit organization, you can expect a lot from your bank. Assuming your account is in good standing and you follow best practices, you should be able to find a bank that will give you great service and not charge you at all for it! Shop…

Sample Fundraising Forms & Letters for Nonprofits
If you’re reading this, you’re probably part of a non-profit organization which relies on donations to make all or part of the entity run. Correspondence with donors and potential donors is a key part of fundraising that should be taken seriously. Use these free sample fundraising forms and letters to double check against those of…

Nonprofit Audit Guidelines
Get Started With Non-Profit Your Financial Review or Audit If you do not have a national organization that provides you with Audit guidelines, here are some ideas on how to get started:

Nonprofit Audits & Financial Reviews
Is it an Audit or a Financial Review? The intention is the same, as it is the same process. The difference is in who does it! If a paid tax professional does it, it will probably be called an audit. If unpaid volunteers do it, it will probably be called a financial review. We use…