Nonprofit | Cg Tax, Audit & Advisory

04 Dec

Nonprofit Boards Must Remain Vigilant as Long as the Crisis Continues

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December 2, 2020

It’s been a tough year for nonprofits. Many have experienced an increased demand for services just as revenues have plummeted. Until the COVID-19 pandemic is over, your organization’s board of directors will likely play...

27 Nov

Nonprofit

Principles to Guide Your Nonprofit’s Relationship With Donors

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November 25, 2020

In 1993, a consortium of philanthropic organizations came up with the Donor Bill of Rights to guide nonprofits in their interactions with financial supporters. For the most part, the basic principles remain valid. But...

20 Nov

Nonprofit

Using Footnotes to Disclose Your Nonprofit’s Financial Information

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November 19, 2020

Does anyone actually read footnotes? If they’re financial statement footnotes, the answer is usually “yes.” Footnotes can provide donors, governmental supporters, and other stakeholders with critical information about your nonprofit. So it’s important to...

13 Nov

Nonprofit

Nonprofit Leaders Must Delegate

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November 11, 2020

Delegation ideally gives nonprofit executives time to focus on mission critical tasks and provides growth opportunities to staffers. However, you need to approach delegation strategically. This means assigning the right tasks to the right...

06 Nov

Nonprofit

How Much Insurance Does Your Nonprofit Need to Mitigate Risk?

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November 4, 2020

A warning if your nonprofit organization is looking for expenses to cut: Don’t skimp on insurance. Should your nonprofit experience a fire, major theft or other calamity, you’ll be glad you have the coverage....

29 Oct

Coronavirus & Nonprofits, Nonprofit

Nonprofits: Internal Audits Still Matter

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October 28, 2020

Fraud doesn’t simply take a vacation during crises, such as the COVID-19 pandemic. If your nonprofit’s internal controls aren’t effective, scammers can find ways to exploit them and steal from your organization — even...

23 Oct

Nonprofit

Why Your Nonprofit Must Make Time for Accountability

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October 22, 2020

“Accountability” may seem like one of those popular management concepts you know would be nice to implement if your nonprofit had the time and budget. But not only is accountability essential to your nonprofit’s...

16 Oct

Nonprofit

Candid Communication Can Help Ease Nonprofit Staffers’ Anxiety

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October 14, 2020

It would be an understatement to say 2020 has been challenging. Leaders of nonprofits still standing are justified in worrying about strained budgets and their ability to deliver on their organization’s promises during a...

09 Oct

Nonprofit

Your Nonprofit May Have a License to Print Money

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October 7, 2020

In this pandemic year, many nonprofits are scrambling to find new sources of revenue to replace donor contributions and other lost income. If this sounds like your charity, you might want to consider licensing...

25 Sep

Nonprofit

Collective Impact Initiatives: All for One and One for All

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September 23, 2020

Collective impact initiatives are growing among nonprofits. Such initiatives are about more than collaboration. They represent the commitment of a group of organizations to a common agenda for solving a specific social problem. This...

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