I have written before about for your nonprofit. Now nonprofits have a new tool they can easily use to create their own financial management policies and plans. The Nonprofit Risk Management Center has a new tool called My Financial Management Plan where users can go through up to 21 different modules on nonprofit financial and [...]
Posts Tagged ‘Investment Policies’
Where the Money Went
I work for a nonprofit which is home to several named endowed funds. We are getting ready to send out annual statements for 2008. Unfortunately, all the funds suffered a loss. A lot has to do with the economic state we are in, but how do you think would be the best way to approach [...]
CPAs, Boards and the IRS
Below are three items that might be of interest to nonprofit accounting professionals. How can our nonprofit find a CPA? This article from Step By Step Fundraising has some great information on getting you started on your search. As a bonus for you home school folks out there the author of that article has a [...]
FAS 117-1
Does your nonprofit have a donor-restricted endowment fund or a board-designated endowment fund? Are you hoping to get or create one? Effective for fiscal years ending after December 15, 2008, nonprofit organizations with donor-restricted and board-designated endowment funds are facing changes in financial statement reporting and disclosure requirements. In August 2008 the Financial Accounting Standards [...]
