nonprofit
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…
Choosing and Maintaining a Bank Account for a Community Group
No matter how small your nonprofit is, your mission serves an important role in the community. And even if your nonprofit handles just a small amount of money, it is vital that you set up a bank account. Most community groups need a bank account to keep track of funds, protect individuals and prevent embezzlement.…
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…
Are PTAs Tax-Exempt?
Most, although not all, of the groups we serve here at MoneyMinder are classified as 501(c)(3). When it comes to asking whether your PTA is tax-exempt, the first question you must answer is whether your group is registered with the IRS as such. The IRS has a convenient tax-exempt organization search if you know your…
Nonprofit Membership Levels and Names (with 15 Examples)
Membership is the cornerstone of a solid financial backbone for many nonprofits, associations, and clubs. Does your group have to have membership levels to succeed? Absolutely, not. For some groups, you’re either in or out. For others, things aren’t so black and white. Read on to learn about nonprofit membership levels (with examples) so you…
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…
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…
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…
Church Treasurer Duties, Explained
A higher power has called upon you to help your church or faith-based organization as the treasurer. Now what? The Church Treasurer assumes an important duty that has a direct impact on the success of the church. Maintaining solid financial footing helps the church complete its mission by having funds to complete its community and…
Meet the Volunteer: Berta Keller
Meet the Volunteer: Berta Keller Our 4th Quarter 2020 Most Valuable Volunteer Nominate Someone Berta Keller is our Most Valuable Volunteer for the fourth quarter of 2020. Congrats, Berta. Thanks for all you do. Berta Keller has been volunteering since her son was in Kindergarten. He is now a sophomore in high school, and she…
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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.
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.
Join It is a membership management service that helps businesses and nonprofits effectively sell, track, and grow their membership.