Blog
8 Clauses for a Good Volunteer Agreement
An important part of starting your 501c3 nonprofit is assembling a team of volunteers to help you execute your vision. Volunteers can be a huge benefit because they provide you with a team that can carry out projects and initiatives. However, you need a volunteer agreement to minimize the risk of liability associated with building…
Read MoreThe 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 find helpful. Individual Donations An individual may generally deduct…
Read MoreAvoid 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 what you are doing and reach people passionate…
Read MoreThe 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. Income Statement, or the Profit &…
Read More