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In early 2020, MRCI was in the midst of transitioning to a more sustainable community-based service model. Then COVID-19 struck, and government shutdowns forced MRCI to cease operations.
Read MoreIt’s safe to say every organization has grappled with change over the past year. If your organization accepted federal funding, it could be subject to certain reporting requirements as well as a single audit. To help you understand how to plan and prepare for this type of audit, we recorded a webinar on the topic. Here’s a quick recap of what we discussed.
Read MoreAre you in compliance with the yield restriction and rebate requirements for your tax-exempt bonds? With so much on the line, it’s important to stay up to date. Here’s what you should know about the latest compliance initiatives in this area.
Read MoreWebinar recorded Tuesday, March 16, 2021 Are you wondering how you can not only survive, but thrive in the ever-demanding world of nonprofit finance? During this…
Read MoreIn this new world of virtual galas, the line between sponsorship and advertising may become increasingly difficult to walk. However, the distinction is still a very important one because it means the difference between exempt income and taxable income.
Read MoreChange is happening more rapidly than ever, and not just in technology. Change is coming from nearly every direction. In order to rise above it, organizations must be prepared for these shifts and learn how to embrace them.
Read MoreJoint ventures between Section 501(c)(3) organizations and businesses are becoming increasingly common. Such arrangements can also provide a nonprofit with access to capital and outside expertise while helping to further its mission.
Read MoreA well-designed budget gives you the ability to monitor your organization, particularly its financial position, throughout the year. With this insight, you can be intentional about purchases, avoid reactive spending, effectively manage cash flow, and steer clear of potentially precarious situations.
Read MoreYour nonprofit’s financial statement readers are likely to include its major donors, which means what you include or don’t include in your footnote could have significant consequences for your nonprofit. To help you present your numbers in the best light, here are a couple of things you should know.
Read MoreTo help you better understand how to account for the contributionsparticularly the grant fundsyour nonprofit organization receives, here’s what you should know about conditional contributions
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