Nonprofit general
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Strategic Cash Reserves for Religious Organizations
Many religious organizations have more cash reserves than in recent history. Put those reserves to work by strategically moving cash to higher yield savings accounts and consider adding treasuries to your portfolio as a conservative option to maximize yield.
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The Charitable Act, a Bipartisan Support for Nonprofits
The Charitable Act has bipartisan support from a group of senators and calls for a temporary change in tax breaks for charitable giving. Here is a high level summary of what we know and how this could impact the nonprofit industry.
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Grant Management Miniseries Part III
Grant reporting is an important part of the grant management process and grant funders are increasing their reporting requirements. The more the organization can gather information in an automated format, the more efficient the process.
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Cash Management Opportunities and Needs for Nonprofits in Today’s Unique Landscape
Today nonprofits are experiencing higher cash balances. Interest rates are increasing. And the recent developments in the banking industry have stressed financial markets for investors and depositors. As a result, nonprofits find themselves in a unique situation with the opportunity and need to review their current cash management policies.
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Data-Driven Board Reporting Roundup
When more than 900 people signed up to spend an hour talking about data-driven board reporting we knew we’d struck a chord. This blog provides quick summary of our thoughts addressing the questions participants asked.
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Grant Management Miniseries Part II
Post-award grant monitoring is one of the biggest challenges reported by our nonprofit clients. In this blog, we suggest some approaches to structure, process, and systems to best support this function.
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Secure 2.0 – What this means for nonprofits with 403(b) retirement plans?
The purpose of the Secure Act 2.0 is to further increase participant retirement savings and improve retirement rules. It is important for nonprofits to understand the significant provisions and their impact on 403(b) Plans now in order to prepare for upcoming changes as they are required to be implemented. The Act also creates new opportunities for nonprofits such as Multiple Employer Plans and Pooled Employer Plans.
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Accounting When Natural Disaster Hits
As weather and climate disasters occur more frequently, nonprofits should understand the accounting related to these events. Learn more here on how to account for insurance proceeds related to those losses.
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Employee Retention Credits – Not Another SPAM Call
Nonprofit FAQs on Employee Retention Credits and links to a few upcoming sessions we are excited to be part of to share more.
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Miniseries – Best Practices for the Month-End Close – Key Internal Controls
The month-end financial reporting process is an integral part of running an efficient organization. Strong internal controls around this process lead to more effective financial reporting. Explore more here!