If your nonprofit became a victim of fraud, it wouldn’t just hurt your organization’s bottom line — the infraction also could do devastating damage to your reputation. By implementing some simple controls, though, your organization can help protect itself from these risks.
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Topics: Red Flag Reporting, Fraud, Fraud Hotline, Fraud Prevention, Nonprofit, Risk Assessment, Segregation of Duties, Uncategorized
Nonprofit organizations typically depend on a variety of funding to keep them alive and well. They need funds to pay their bills, pay their staffs and pay for the costs of running their programs. But savvy nonprofits know that not all that’s green has equal value and flexibility. Types of funding vary greatly in how they can — or cannot — be used.
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Topics: Temporarily Restricted Funds, Unrestricted Funds, Funds, Nonprofit, Permanently Restricted Funds, Uncategorized
A-133 audit threshold raised for small nonprofits
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Topics: A-133, Fundraising, Nonprofit, threshold, Uncategorized
When reviewing financial statements, nonprofit board members and managers sometimes make the mistake of focusing solely on bottom-line figures. But financial statements also may include a wealth of information in their disclosures.
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Topics: Accounting Policies, Contingencies, Financial Statements, Fundraising, investments, Nonprofit, Uncategorized