With so much attention these days paid to fundraising ratios, many nonprofits feel pressure to minimize their fundraising expenses. This makes allocating joint costs — costs associated with activities that have both fundraising and other functions — appealing. But before you take that step, make sure you’re familiar with some frequently misunderstood accounting rules.
If you’re like many Americans, an annual checkup is the one time a year you go to the doctor even though you feel healthy. Likewise, churches can benefit from a checkup of their operational health, even if they believe everything is going well.
This issue looks at 10 steps for finalizing your budget, four areas of financial responsibility not-for-profit board members need to understand, why churches need capital plans, how to conduct an effective capital campaign, and more.
January 4, 2016 - The IRS announced that it has extended the due dates for Affordable Care Act (ACA) reporting Forms 1095-B and 1095-C.
Every church is only as healthy as its leadership, and the healthier the church, the better the chances it will maintain sound financial management. Review these eight factors of healthy church leadership and consider where your team is strong and where there may be weaknesses.
The word “budget” can strike fear in the heart of nearly any staff member. These considerations will help you prepare to budget, resulting in a more successful process and an effective budget that supports your church’s goals.
If you serve as a nonprofit board member, we recommend that you review the organization’s Form 990 and be informed enough to answer these 15 questions.
Special events can be a good source of revenue for your organization, and annual events can grow into a strong, long-term source of funds. The key is that it takes planning. This article covers the potential tax ramifications you need to consider.
The face of ministry has changed. Demographic shifts, new technologies, and changing attendee expectations require new ways of encouraging engagement and stewardship.
This article explains six debt ratios and measurements you can use to monitor your church’s dependence on debt levels and identify any needed adjustments.
