bylaws
Creating Nonprofit Bylaws 101 (with Example)
Purpose of Bylaws for a Nonprofit Organization Bylaws are like a GPS for your organization, ensuring your nonprofit stays on course as you run it day in and day out. Bylaws establish the responsibilities of the board of directors and procedures for meetings and decision-making. They also help ensure you are in compliance with state…
5 Nonprofit Compliance Mistakes—and How to Avoid Them
Running a nonprofit is no small feat. Between fundraising efforts, volunteers, accounting and meetings, it’s easy to let nonprofit compliance take a back seat. However, neglecting your compliance responsibilities can lead to fines, penalties, the loss of your tax exempt status and damage to your reputation. If that’s not bad enough, if noncompliance is not…
8 Strategies for Reducing Conflict in Your Volunteer-Based Nonprofit
Volunteer-based nonprofits are the backbone of many communities. At MoneyMinder, we’ve been working with these groups since 2003 (and volunteering with them for a lifetime). We’ve witnessed how even the most well-intentioned groups can experience conflict. Nonprofit conflict can stem from a variety of sources, such as differing opinions, personality clashes and misunderstandings. Most of…
Nonprofit Best Practices: Fiscal Year Alignment
Many nonprofits find themselves in a situation where their budget period, bylaws and financial software don’t align with their official year as stated with the IRS an their Secretary of State. While it’s possible to manage this with extra effort (and risk), there’s a much simpler solution: fiscal year alignment. Benefits of Fiscal Year Alignment…
10 Ways for Your HOA Board to Kickstart the New Fiscal Year
Most Homeowners Associations operate on the fiscal year starting January 1st. So, welcome to a new year in the adventures of shaping your community’s future. The decisions you make in the these early days of the year will carve a path to a successful and well-managed year ahead. Steer your HOA toward a year filled…
Updating Your Nonprofit Group’s Bylaws: How and Why
Following is a transcript of this podcast episode, with audio/video below. Welcome to the Two-Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel with MoneyMinder where we’re hoping to make your life as a volunteer easier. Hannah says: Covid has changed the way our group must operate now. How do we go about changing…
Homeowners Associations: What’s the Difference Between Bylaws vs. CC&Rs vs. Rules & Regulations
New research shows that 73.9 million Americans live in a community with a Community Association, showing tremendous growth over time (Foundation for Community Association). Call it a Homeowners Association (HOA), Condominium Owners Association (COA), or Property Owners Association (POA), the function is the same: they are a legal entity formed for the maintenance of common…
3 Steps to Changing Your Financial Year
Are you looking to change your financial year? Whether your nonprofit group was set up a month or a decade ago, there could be compelling reasons to change your tax year. For example, if you set up your Booster Club or Parent Group (PTA, PTO, PTSA) on the calendar year, you may have later realized…
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Connect your Bank, Paypal and Square accounts to MoneyMinder PRO to directly download transactions, saving you time and effort. You just review the transactions to ensure they are properly categorized and fill out any required fields.
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