August 2024

Accurate bookkeeping is essential to operating a successful small business. Unfortunately, it’s common for entrepreneurs to underestimate the importance of maintaining organized books and records. Common pitfalls include commingling personal and business bank accounts, relying on spreadsheets instead of accounting software to track business transactions and using personal credit for business expenses. Plus, some owners […]

Although Americans trust philanthropic organizations more than government and businesses, almost a third believe not-for-profits are on the “wrong track,” according to a 2023 survey. But there are ways to manage public perception to help your nonprofit weather unexpected crises. For example, strive to be transparent and make communicating how you use donor funds a

Even though the federal Volunteer Protection Act of 1997 and various state laws provide nonprofit volunteers with some legal liability protection, volunteers still face real risks for actions they take while working for your organization. Nonprofit leaders need to ensure their organizations carry adequate insurance and have risk mitigation policies in place. They also need

To be financially fruitful, nonprofit events need adequate sponsorship to cover a portion of expenses. Whether you’re planning a gala, a conference or something else, start early to beat out competition for philanthropic dollars. Look for high-quality sponsors whose products and services match your nonprofit’s mission and whose target customers are similar to your event’s