accounts

In Kind Donations

All About In-Kind Donations (with Sample Thank You Letter)

What Are In-Kind Donations? In-Kind Donations are non-cash donations that come in the form of goods or services. Unlike cash donations where funds are transferred to your group, these items must be recorded based on fair market value. Some examples of In-Kind Donations include goods (i.e. a computer), property rentals (i.e. a meeting hall), professional…

Restricted Funds

What’s the Difference Between Restricted and Reserved (Unrestricted) Funds?

One common question we see at MoneyMinder is about the difference between Restricted and Reserved funds. What are the rules for the different kinds of funds that are raised? How they can be allocated? And how can changes be made, if at all? These questions came up a lot during Covid as organizations had to…

duck race

Nonprofit New Year’s Resolution: Get Your Ducks in a Row

2015. Can you believe Y2K was a whole 15 years ago? We may not be facing a millennium-based computer bug meltdown, but time of year is wrought with its own set of challenges. Holiday shopping, school breaks, vacations, and more social interaction than you’re used to. All of that can add up to a lot of stress.…