volunteers

Alleviating Board Burnout: Rekindling the Passion in Nonprofit Directors
Much like in the business world, in the world of nonprofits, the dedication of the Board of Directors is a driving force. Having a passionate leader can be a catalyst for change. But even the most committed individuals can experience burnout. The challenges of the nonprofit sector — big fundraising goals, unproductive board meetings, lack…

What are the IRS Requirements for Keeping Nonprofit Meeting Minutes (Tax-Exempt and 501(c)(3) Organizations)?
501(c)(3) board members make sure an organization follows the rules, looks after its money, and plans for its future. Board members need to be honest, and the IRS has published guidance in their Good Governance Practices document to guide them. This document underscores the IRS’s belief that a well-governed organization is more likely to operate…

Getting Started as Treasurer [Video]
So, you’ve just become the new treasurer for your nonprofit. Way to go! But now what? Here are a few tips to help get you started. Ideally, you’ll work with the outgoing treasurer to learn what you need to do in the treasurer’s role and how to do it. If possible, you’ll want to meet…

Can the Treasurer Serve on the Audit Committee?
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel and today’s topic is the annual audit, sometimes referred to as a financial review. Elija writes: I’m the treasurer of my PTA and am…

5 Steps to a Successful Service Club Membership Drive
Service Clubs are communities of individuals that are united by a common purpose: to make a positive impact in their local areas and beyond. Serving as catalysts for change, Service Clubs bring together passionate individuals to create countless acts of kindness and social change. From large organizations — Rotary, Kiwanis, Lions and Key Club —…

How to Select a Good Bank or Credit Union for Your Small Group or Nonprofit
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel. Today we’re going to talk about selecting an ideal bank or credit union for your group, keeping in mind, not all financial institutions are…

Bad Checks: What if Your Nonprofit Receives an NSF Check?
When your small nonprofit receives an NSF (Non-Sufficient Funds) Check, it can not only be an inconvenience to deal with, but it can potentially disrupt your budget. Let’s explore how nonprofits can effectively handle NSF checks and minimize the impact on financial stability. What is an NSF Check? Sometimes referred to as a “bounced” or…

What Steps Do I Need to Take to Establish a 501(c)3
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel with MoneyMinder, and today, we’re talking 501(c)3s. Lori writes: I started a community organization that has grown, and I’d like to establish it as…

Making Adjustments Mid-Year Based on a Budget Analysis
Following is a transcript of this episode of the Two Minute Treasurer’s Tip Podcast from MoneyMinder, with audio/video below. Welcome to the Two Minute Treasurer’s Tip Podcast. I am your host Cyndi Meuchel. Let’s talk budgets! JoAnne writes: We are approaching mid-year, and so far, we have done really well with fundraising. So well that we want…