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Nonprofit News: Strategic Planning and HR

May 5th, 2009
by Alan.
10 comments

News StandClearing out the in-box for another news roundup.  A big focus here will be on human resource issues, as I’m guessing many nonprofit finance folk get to wear the HR hat for their organizations as well.

Strategic Planning

On the NEA’s website there are 27 strategic planning essays that were commissioned and edited by Morrie Warshawski.  Neat stuff and a great resource for your next strategic planning process.

Human Resources

A quick piece on wrongful discharge is timely in time of reducing expenses.  If you have to let people go, make sure you are doing it the right way.

Concerned about benefits?  Think your staff is too?  Yes they are, and the key here is the right kind of communication.

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Nonprofit News Update

Mar 26th, 2009
by Alan.
1 comment

roundupThis edition of my Nonprofit News Update features resources for your nonprofit.  One thing I really like about how this sector operates is the willingness we have to share good ideas, to help out our brother and sister organizations.  Twitter is a fine example of that phenomena.  Just follow some of the nonprofit folk out there and you can learn a lot about what is going on in the sector and where the choicest resources lie.

Along the lines of social networks and sharing reddit and Idealist have come together to bring us IdealistNews, a place to post, rate and comment about news articles the feature charitable issues.  Check it out and see what others think is relevant to the nonprofit sector.

A nice resource for nonprofit boards of directors are these videos from BoardSource.  The eleven videos will walk you through the basic responsibility of nonprofit boards, including financial matters.

Been laid off?  Planning on laying people off?  This Guide to Surviving Layoffs might be a good page for helping you and others get back on your feet.

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What I Learned From the IRS, Part 2

Mar 17th, 2009
by Alan.
No comments yet

logo-irsThe IRS had their Exempt Organization Workshops this month, a day spent going over nonprofit and tax exempt issues.  I picked up a couple of nice tidbits that I will share but first I want to go over two other items.  The first is the IRS’s Winter 2009 Statistics Of Income Bulletin.  It covers all types of tax returns but a highlight of the nonprofit sector:

Charitable and other tax-exempt organizations reported more than $10 billion in gross unrelated business income for tax year 2005. Between 2004 and 2005, total unrelated business income tax liability increased by 49 percent to $543.3 million.

The other item is the answer to another question:

For part 7 of the updated form 990, do we need to list our Executive Director’s and Director of Fiance’s compensation even if the don’t meet the Key Employee salary level of $150,000 or the $100,000 salary minimum for the 5 highest compensated individuals?

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What I Learned From the IRS, Part 1

Mar 12th, 2009
by Alan.
No comments yet

No longer in draft form!Questions and Answers from the latest New Form 990 training I did:

For calculating our total assets to determine which form we use, do we exclude property, plant and equipment?

Nope, you use total assets for figuring out which form, either the 990, 990 EZ or the 990 N, to fill out.

When filling out the functional expense section and calculating the advertising expenses, do we include money we spent to advertise open positions within the organization?

Not as I read the instructions.  Here is what it says for line 12 in part IX:

Advertising expenses. Enter amounts paid for advertising. Include amounts for print and electronic media advertising. Also include Internet site link costs, signage costs, and advertising costs for the organization’s in-house fundraising campaigns. Do not include fees paid to independent contractors for conducting professional fundraising services or campaigns (these amounts must be reported on line 11e).

With the economic downturn and the decreased value of endowments and reserves, will more organizations be filling out Schedule N of the form 990?

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