In my work with nonprofits I see that any organization without a substantial base of operating cash can experience cash flow problems. What causes them? There are many factors unique to the nonprofit business model, such as seasonal fundraising, annual grant payments, and reimbursement-based contracts. I advise nonprofit leaders to focus on the organization's cash flow.
Is it necessary for nonprofit organizations to examine their policies every year? Changes that impact the organization, both internal and external, recommend an annual policy review. Here are three types of changes that nonprofit boards should monitor.
If you're an officer or on the board of a nonprofit organization, you may wonder about the tax requirements that apply to your group.
Generally, an organization will not owe taxes if two things are true:
- It has registered as an exempt nonprofit organization with the IRS, and
- It has no business income from activities unrelated to its exempt purpose.
If you're an officer or on the board of a community organization, you may wonder about the tax requirements that apply to your group.
Generally, an organization will not owe taxes if two things are true:
* It has registered as an exempt nonprofit organization with the IRS, and
* It has no business income from activities unrelated to its exempt purpose.
Is it necessary for nonprofit organizations to examine their policies every year? Changes that impact the organization, both internal and external, recommend an annual policy review. Here are three types of changes that nonprofit boards should monitor.