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Avoid 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…
Read MoreWhy You Shouldn’t Have Multiple Nonprofits Within an Umbrella Nonprofit
Why You Shouldn’t Have Multiple Nonprofits Within an Umbrella Nonprofit Having multiple nonprofits under an umbrella nonprofit may seem like a good idea. This is because the parent organization, or the umbrella, may provide resources to the smaller organizations. Many people ask if they could have multiple nonprofits under an umbrella nonprofit. Let me answer…
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