nonprofit management
Nonprofit Board Transitions: How to Get Started When the Outgoing Board is Not Helpful
Kids grow up so fast. At least, that’s what they say. And for some nonprofits — such as Parent Associations — Board Members volunteer when their children are of age, and they exit when their kids do. Having a board that comes and goes this frequently is sometimes accompanied by challenges. We’ve heard tales of…
10 PTO and PTA Budgeting Tips
Depending on your parent group’s financial picture, budgeting could mean two different things. If you’re strapped for cash, budgeting means making tough decisions on programs to cut. On the other hand, if you’ve just completed a lot of fundraising activities and have good cash flow, you may have lots of programs to fund. Regardless of…
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…
10 Banking Rules for Small Nonprofit Groups
Over our 17 years in business, we have learned a lot about best practices for nonprofit banking. When it comes to dealing with your money-whether cash or cash equivalents-having processes and guidelines in place can make all the difference in clean or messy books. Of course, these aren’t really official rules. We work with thousands of…
Generating Nonprofit Financial Statements for Your Small Group
So, you’ve been elected Treasurer for your PTA, Booster Club, Rotary or Sports League. Even if you aced accounting in college, this responsibility isn’t to be taken lightly. Providing a nonprofit financial statement is an absolute must. Here’s why. Your board members and/or key stakeholders need to know what has changed with the finances since…
Our Top 10 Nonprofit Blogs of 2020
As we begin a new year, we’d like to take a moment to reflect upon a year that is one for the memory books. When the pandemic first hit and schools closed, parents and parent groups figured out ways to keep kids engaged at home. Those who run nonprofits used innovative new tools to maintain…
What Are the Nonprofit 1099 Rules?
Many times, nonprofits have small budgets and the work at hand can be done in a shorter amount of time compared to a typical business. This is especially true of small nonprofits largely run by volunteers, like PTA/PTO, Church Groups, Booster, and Service Clubs. It takes a village to accomplish your nonprofit’s mission. But nonprofits of…
2021 Outlook: The State of Volunteerism in the U.S.
Many of us will not bat an eye when it comes to bidding 2020 adieu. It has been a challenging year (to say the least). You’d be hard pressed to find someone who wasn’t looking forward to turning the corner to 2021. Many sectors have seen dramatic impacts in what they consider “normal”. Volunteerism is…
Nonprofit Tax Returns: Which Forms to File, and When
Most tax-exempt organizations are required to file an annual nonprofit tax return with the IRS. Which form you file typically depends upon your financial activity, as indicated below. Following are some general guidelines for determining which tax form to file with the IRS: Form 990-N e-Postcard — Gross receipts normally ≤ $50,000 | IRS 990-N…
8 Plug & Play Online Fundraising Tools for Nonprofits
You don’t have to be an epidemiologist to know that the COVID-19 pandemic could forever change us. Life may eventually get back to some semblance of what we once knew, but something will always be different in us. As for the world of nonprofit organizations, Robin Cabral of NonprofitPRO wrote a great article on how…
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Connect your Bank, Square and PayPal 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.
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.
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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