“Ask for what you need – Give what you can”
Financial Management Advice for Nonprofits
About the author: Dennis Walsh is a certified public accountant and author of Legal and Tax Issues for North Carolina Nonprofits. Through the Deborah and Dennis Walsh Foundation, he provides volunteer technical assistance to help empower community nonprofits. He lives in Jamestown.
Article Index
Partnership Interests Aren't Simple Gifts for Charities, 2-11
In this February Journal of Accountancy article, you’ll get a better sense of why you’ll be thankful to have a gift acceptance policy in place before a donor comes knocking with an unusual donation.
Coping with Ugly Ratios, 4-28-10
Some fundamentals about cost assignments and
donated services and a few tips to help you reduce the likelihood that your organization is judged unfairly because of your spending ratios.
Treasurer's Role in All-Volunteer Organizations, 3-28-10
More than half of all U.S. nonprofits are estimated to be all-volunteer organizations. Here is a succinct guide for the more than 600,000 treasurers of such organizations.
Help With Filing Form 990 Online, 10-29-09
Remember the Nov. 15 filing deadline for organizations with fiscal years ending June 30
Navigating the New Endowment Landscape: A Practical Guide and Compliance Checklist
for NC Nonprofits, 9-18-2009,
How the enactment of the UPMIFA requires a fresh look at donor-restricted contributions to assure compliance with new legal and accounting standards.
Seven Ways to Reduce Your Audit Costs, 9-14-09
Too many of us think of audit costs as an expense to suffer, not to manage. This article tells us differently.
Employee v. Independent Contractor, 9-4-09
What you need to know about worker classification and how to get more help
Crafting a Gift Acceptance Policy, 8-28-09
Benefits of a gift acceptance policy and key points to include
New 990 Software Release, 7-1-09
990 Online needs better support to make it the resource we need it to be.
New Law Expands NC Nonprofit Raffles, 6-11-09
Bill makes it easier for North Carolina nonprofits to use raffles as fundraising tools
NC Adopts New, Flexible Endowment Spending Rules, 6-10-09
Joins a majority of states in modernizing the standards for management and investment of nonprofit endowment funds
Sequencing Form 990 preparation, 5-21-09
For those who prepare a Form 990 manually, without guided software, some tips on ordering its revised parts and schedules
Tracking Volunteer Time, 3-14-09
It can help you meet match requirements, improve your financial statement presentations, and reduce liability
Tips for Tough Times, 12-10-08
It's a good time to assess how you're positioned, both programmatically and financially, to navigate these stormy economic waters
IRS Announces 2009 Optional Mileage Rates, 11-25-08
Now Playing: The Wizard of Tarp, 11-22-08
What Oz has to say about economic meltdowns and adaptation
IRS Announces Elimination of Advance Ruling Process, 9-11-08
Refund of Sales & Use Taxes, 7-23-08
New eligibility rules could help you save money
IRS Public Inspection Rules - What You Must Know, 7-17-08
It's in your best interest to know the rules and comply quickly with requests
Your Unemployment Funding Choices, 4-21-08
How to choose between experience-rated and reimbursement payment methods
Personal Use of a Vehicle - Consequences and Choices, 2007
If you allow personal use of organization vehicles and don't comply with the IRS requirements, you could face big headaches
Political Advocacy - Watch for the Mines, 2007
What you, your board, staff and volunteers should know about activities that might inadvertently result in a prohibited act
When Should You Report a Contribution, 2007
A review of situations where the receipt or disposition of cash and other charitable property requires reporting to the donor or to the IRS
Determining Compensation and Excess Benefits, 2007
How Section 4958 aims to prevent financial abuses between exempt organizations and those who control them
