How Your Nonprofit Can Benefit from Co-Branding and Corporate Sponsorships
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How Your Nonprofit Can Benefit from Co-Branding and Corporate Sponsorships Have you considered co-branding with a company in support of your nonprofit’s mission? Co-branding can be a highly effective strategy for nonprofits to raise funds, engage volunteers, and build wider support for their cause. There’s more to co-branding than you might think, and in this […]

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Compliance Corner: The Difference Between Funds With and Without Donor Restrictions
A few piles of coins.

What Is the Difference Between Funds With Donor Restrictions and Without Donor Restrictions? Nonprofits have a unique accounting standard that differs from other types of businesses. Nonprofits have two categories for funds received: 1) funds with donor restrictions, and 2) funds without donor restrictions. These used to be called unrestricted, temporarily restricted, and permanently restricted […]

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Grant Heartbeat: Creating a Budget for a Grant Proposal
Team works on grant proposal budget

Creating a Budget for a Grant Proposal Besides submitting a written proposal, most grant funders require nonprofits to submit a budget to go along with their application. Typically, you will submit three different types of budgets on your grant proposals. (Not all proposals will ask for all three, but many will ask for at least […]

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Everything You Need to Know About Your Nonprofit’s Annual Budget
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Everything You Need to Know About Your Nonprofit’s Annual Budget It is budgeting season, which means it’s time for nonprofit leaders to dive deep into financial planning for the coming year. Here is what you absolutely need to know as you begin the budgeting process, especially if you are a new nonprofit leader.  Why create […]

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Grant Heartbeat: The Red Back Pack Fund
Red Back Pack

Spanx has set up the Red Backpack Fund.  This fund is for dedicated to empowering women in entrepreneurship.  They fund both for profit and nonprofit organizations founded by women.  The are giving a thousand $5,000 grants with open application rounds starting June 1, July 6, and August 3.  To learn about the application process and […]

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Compliance Corner: $300 Charitable Donation Open to All Taxpayers
$300 Donation

CARES Act & $300 Charitable Donations So much has happened in the last few months.  Fortunately the outcome of certain legislation is for the benefit of nonprofit organizations.  The CARES Act added a special benefit for donors of nonprofit organizations.  For 2020 any taxpayer can donate up to $300 to a 501c3 nonprofit organization and […]

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Now what? Fundraising In A COVID World
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Fundraising in a COVID World Never have nonprofits been more challenged in their fundraising efforts than now.  The cancellations of all events, loss of income for donors and larger donors redirecting funds to emergency pandemic needs have directly impacted the 1.8 million nonprofits across the United States.  Meanwhile we all are trying to do that […]

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How Your Nonprofit Can Be Ready for COVID Relief Loans and other benefits from the CARES Act
hope

The Unique Opportunity While we hope the government will understand the differences between the for-profit businesses and nonprofit corporations, consider that you may be filling out loans written for businesses and speaking with loan officers who may not be aware of how nonprofits are different.  Unlike most grantors, they may be less interested in your […]

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Tip of the Day: Mission Statements

    Mission Statements are critical to the success of the organization and even necessary for IRS and State Filings. The IRS cares that your board of directors is always following the mission statement in all decision making. The Mission Statement shares with any and everyone interested in your organization what you are doing to […]

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Creating or Rewriting Nonprofit Mission Statements

A nonprofit mission statement’s purpose is to communicate the essence of an organization. The mission statement includes why you do your work, what you do, how you do it, where you do it and who you do it for. Excellent mission statements are clear, concise, memorable and easy to say. There are many reasons you […]

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