Sometimes it doesn't pay to reinvent the wheel, and this is one of those times! This special blog post includes, in its entirety, an important and time-sensitive message for church leaders, from the Rev. Saeed Richardson, Program & Operations Officer at the Samuel DeWitt Proctor Conference.
Posted by: Charles P Myrick CPA
Posted on: Apr 06 2020
Posted by: Charles P Myrick CPA
Posted on: Dec 26 2019
In my work with nonprofits I see that any organization without a substantial base of operating cash can experience cash flow problems. Small to mid-size nonprofits are often localized in an area without a large number of resources to draw from. The most important way to make the most of the resources your nonprofit has is to manage your cash flow.
Posted by: Charles P Myrick CPA
Posted on: Dec 05 2019
During this "giving season" many nonprofit organizations participate in fund raising activities. When I talk with nonprofit financial leaders, I emphasize the importance of strategically seeking appropriate funds. Why? Not all revenue sources are relevant to the mission - some actually add cost to the programs.