nonprofits

Why is it Important to Reconcile My Account?
Following is a transcript of this podcast episode, with audio/video below. Welcome to the Two-Minute Treasurer’s Tip Podcast. I’m your host, Cyndi Meuchel, and the coowner of MoneyMinder, where our goal is to make your life as a volunteer super easy. Today I’m answering the following question: Why is it important to reconcile my account?…

How to Present the Treasurer’s Report at Your Next Board Meeting
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, co-owner of MoneyMinder, where we’re hoping to make your life as a volunteer easier. Today I’m answering the following question: How do I present a Treasurer’s Report at my board meeting.…

25 Good Things to Do With Your Kids as Summer Rolls On
Are your kids lamenting their boredom yet again as the hot summer continues? Do you feel like all you do is rush them around from one activity to the next? Or, are they getting too much screentime? It might be time to take a step back and encourage your kids to do something “good” — …

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…

QR Codes for Fundraising: Still Very Much Alive
Quick Response or QR codes were first introduced in 1994 to track vehicles during manufacturing. Then, marketers got ahold of them. From events to product packaging, the possibilities were endless. If you aren’t already familiar with them, QR codes are black and white grid shapes that are now aimed at mobile phone users. Some have…

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…

Do You Need to File a Tax Return if Your Group Had No Activity?
It’s been a tough year for too many reasons to count. From virtual fundraising to online holiday events, nonprofit groups have shown their ability to adapt to a strenuous situation. But not all groups were able to continue when the pandemic hit. Our support team has received a few inquiries around this topic and we…

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…

How is a Typical Booster Club Management Team Structured?
Booster Clubs exist to provide a financial “boost” for student activities. And as we’ve written about in the past, that activity doesn’t always have to be athletics. There are many types of Booster Clubs that support activities such as music, STEM, theater, arts, and sports. But how is a Booster Club managed? Whether you’re starting…