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The Amount that can be Written Off on Taxes
The Amount that can be Written Off on Taxes As you talk to donors about giving to your nonprofit, you will most likely get many questions. A popular question may be the donor wanting to know precisely how much they can write off on their taxes. Here are a few general guidelines that you may…
Read MoreAvoid Liability when Raising Money for Your Nonprofit
Avoid Liability when Raising Money for Your Nonprofit The first significant donation I received for my nonprofit was a $3,000 check from a gentleman I did not know. He was moved by our story and the work we were doing for students. Social media makes it easier than ever to get the word out about…
Read MoreThe 3 Types of Financial Statements
The 3 Types of Financial Statements There are three primary types of financial statements: an income statement, a balance sheet, and a statement of cash flows. Each of these statements is incredibly important to have for your nonprofit and can benefit your organization. Here is a brief overview of the three types of financial statements.…
Read MoreKeep Legal Records that Meet IRS Standards
Keep Legal Records that Meet IRS Standards There are several key documents that you want to have accessible at all times as it relates to your nonprofit. These documents are the foundation of good record-keeping as it relates to running a nonprofit. Here are 9 of the legal records that you need to keep to…
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