November might be NaNoWriMo —National Novel Writing Month. Here at Fun with Financials 2012 is NaProMaWriYe —National Procedures Manual Writing Year. If you’ve been playing along at home, congratulations! You are on your way to finishing your Procedures Manual.…
Traditionally, Americans take this time of year to reflect on our good fortune. We spend a few moments being grateful. Publicly. We give our money. We give our time. We show gratitude and generosity to those we love and…
Congratulations!!! If you’ve kept up with this Procedures Manual production schedule, you are 3/4s of the way to completion. If you need to catch up, you can start here. After writing about insurance, only two sections will remain. Just in…
Now that you’ve successfully answered questions about providing financial reports to your board, let’s tackle the financial reports you must send to Uncle Sam and to your state government. When you finish this chapter, you will be 3/4’s of the…
Now that you have successfully written the chapter on Reviewing General Ledgers, it’s time to move to Financial Reports. These reports communicate your organization’s financial health to the board of directors. Reviewing them, understanding them and discussing them enables board…
Last week we talked about the role fiscal sponsors play in the nonprofit world and why they are the right model for some organizations. Today, we’re exploring the world of being a fiscal sponsor. Should your organization think about serving…
Often I hear comments about the financial cost (service fees) of being a fiscally sponsored project. I hear organizations say that they could do the work more cheaply themselves. That they could save money by keeping all of the…
As women across the world celebrate International Women’s Day, I thought I should take a look at the women in our part of the world. In the nonprofit sector. The Chronicle of Philanthropy reports that only 18.8 percent (75) of…
Before you get too immersed in the excitement of a new fiscal year, schedule some time now to organize the documents you will need to file your Form 990. Whether you prepare this tax form in house or hire…
All you executive directors out there. Are you tired of hearing the stories about the days of yore when money rained down from the sky and the streets were paved with gold? Are you comparing yourself to the previous…