Credit Card Fraud and Online Donations

Credit card fraud is a growing problem for charitable organizations. Nonprofit entities that seek to simplify online charitable giving are particularly vulnerable. Targeting Nonprofits Donations are crucial for nonprofits, so organizations often bypass online payment safeguards that can help prevent deceitful practices. This allows scammers to use nonprofits to quickly test many stolen credit card…

Engaging Volunteers

Volunteers play an essential role in many nonprofit organizations. In 2014 alone, Americans volunteered almost 8 billion hours valued at $184 billion. In addition to their services, volunteers provide monetary support — research has shown that volunteers are almost twice as likely to donate to charity as non-volunteers.* However, for the past decade, the percentage…

Postal Rates Decline

Nonprofit organizations should be able to benefit from the first reduction in first-class postal rates in 97 years. The new rates, mandated by the Postal Regulatory Commission (PRC), became effective April 10. They reflect the rollback of a 4.3% exigent surcharge granted for the past two years. Organizations that send direct mailings and other mail…

Developing Leaders Within the Organization

Succession planning for executive leadership is a major concern for many nonprofit organizations, but a significant part of the solution may lie within the organizations themselves. Providing leadership training to managers can help them develop the skills they would need to advance in the organization and ease the burden of searching for replacements for executive…

New Lease Accounting Standards

The Financial Accounting Standards Board recently issued Accounting Standards Update No. 2016-02. The guidance affects entities, including nonprofits, that lease assets (lessees) and is intended to improve financial reporting of leasing transactions. Under the guidance, lessees must recognize assets and liabilities for leases with lease terms of more than 12 months. This includes both finance…

What’s Up with Your Website?

Gone are the days when having a website was optional. Gone too are the days when your website consisted of one or two pages of static information. If location, location, location is the key to having a successful business, then content, content, content is the key to attracting people to your organization’s website and engaging…

Building a Strong Board

Serving on a nonprofit board entails many responsibilities. Board members are expected to advocate for the organization, make prudent decisions, ensure the organization complies with regulations, and plan for the future. Filling a vacant seat is an important board function. Because there will always be turnover, and there may be some degree of urgency at…

What’s Your Succession Plan?

An unexpected change in leadership can cause great turmoil. Even a scheduled departure can be difficult and result in unexpected consequences.A well-thought-out succession plan can provide stability. If your organization doesn’t have a succession plan, it would be wise to start working on one soon. Without a plan in place, you might have to make…

Do Non Profits Pay Taxes?

  “What came first, the chicken or the egg?” “Why is the sky blue?” “Do non profits pay taxes?” Ah, the age old questions…. While the topic of Non-Profits and taxes garners much confusion, use this break down to make sure you aren’t misled.  As far as the atmosphere and the poultry predicament, you’re on…

Recent Developments

Volunteering Drops in 2013 According to the U.S. Bureau of Labor Statistics, the volunteer rate in 2013 was 1.1 percentage points lower than the 2012 rate.  The number of people who volunteered for or through an organization at least once between September 2012 and September 2013 was 62.6 million — the lowest volunteer rate since…