There are many who say that running an organization is chiefly about managing risk. In the nonprofit realm, managing risk often involves a mixture of revenue generation, careful financial [...]
Maintaining the financial wellbeing of a nonprofit is often at the front of managers’ minds. Fundraising sources are not always consistent from year to year, unforeseen expenses can cause sudden [...]
No one wants to hear the “A” word from the IRS. A tax audit is a serious event with potentially far-reaching consequences for a nonprofit. The IRS audits organizations for a wide variety of [...]
A merger of two organizations is a complicated process, involving changes at every level. Nonprofits sometimes choose to merge to improve efficiencies, expand access to fundraising sources, or [...]
Like every employer, a church needs to plan for its employees to need time for family, especially when a new baby is on the way. Every church with employees needs to adopt clear policies and [...]
Federal and state law provide churches with numerous exemptions and exceptions to taxes of various kinds. Many tax advantages apply automatically, while others may require some paperwork. All of [...]
From time to time nonprofits need to cut ties with an executive level employee. Although the hope is always that employees will keep the best interests of the organization in mind at all times, [...]
Most religious organizations start out focused on local work, perhaps with an eye toward developing a network with like-minded groups located elsewhere. But the contemporary landscape of [...]
Speculation about when the next recession will hit has become a cottage industry in the media. No one can say for sure when the next financial downturn will come, but veterans of the nonprofit [...]
Insurance is often a big budget item for any organization. Keeping premium costs down is important, but sometimes a policy is necessary to manage risks, whether from physical damage and injuries [...]