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Posted by: Charles P Myrick CPA Posted on: Apr 02 2019

Nonprofits Have Unique Needs for Cash Flow Management

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. 

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Posted by: Charles P Myrick CPA Posted on: May 10 2018

Cash Flow is the Fiscal Priority for Nonprofit Success

Any nonprofit that lacks 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. Nonprofit leaders need knowledge of how the organization's cash flows, and what to do if it doesn't.

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Posted by: Charles P Myrick CPA Posted on: Mar 27 2018

Why Nonprofits Are Strengthened by Updating Policies

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.

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Posted by: Charles P Myrick CPA Posted on: Nov 29 2017

What Are the Tax Filing Requirements for Nonprofits?

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.
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