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For nonprofits, soliciting event sponsorships from corporations (or other business entities) is a popular way to bring more dollars in the door. The nonprofit gets additional funding for their mission, and its sponsors get the recognition they deserve. Everybody wins, right?
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We see it all too often in the headlines: Fraud can happen within any organization. Which is why all organizationsand especially nonprofitsmust protect their assets.
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For most people, the word ”budget is associated with the allocation and management of money. For organizations, especially nonprofits, a budget canand shoulddo much more.
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As the year 2013 comes to a close, individuals may be looking for ways to decrease their tax liability and support charitable organizations. While most are aware of tax incentives associated with cash contributions, many are in the dark when it comes to appreciated gifts.
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