Not-for-Profit

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Will Permanent Work-from-Home Work for Nonprofits?

It’s been almost a year since many not-for-profit organizations sent staffers home — to work remotely. For many nonprofits and employees, remote work has been a positive experience.
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Nonprofit Endowments Require Special Handling

If the events of 2020 have taught not-for-profits anything, it’s that financial reserves are essential to long-term survival. An endowment is different from operating reserves and generally is designed to provide a steady income to a nonprofit while its core investments grow untouched.
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Linda M. Nelson to Retire December 31, 2020

After a long and remarkable career, Linda Nelson has decided that effective December 31, 2020, she will be retiring from Olsen Thielen.  We want to thank Linda for her knowledge, dedication, and everything she did for clients and colleagues.
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How Nonprofits Should Acknowledge Donor Gifts

Charitable giving is typically more common during the holidays.  Holiday-inspired generosity and the desire to reduce tax liability makes the end of the year a busy time for charitable giving.
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Smart Nonprofit Leaders Know How to Delegate

Delegation ideally gives not-for-profit executives time to focus on mission-critical tasks and provides growth opportunities to staffers. However, you need to approach delegation strategically.
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Financial Statement Footnotes Provide Valuable Information for Nonprofits

Financial statement footnotes provide donors, governmental supporters, and other stakeholders with critical information about your not-for-profit. It’s important to work with your CPA to make sure your footnotes are accurate and thorough.
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Candid Conversations Can Help Ease NFP Staff’s Anxiety

Nonprofit organizations have encountered many challenges in 2020, and the concerns expressed by their leaders are justified.  Their concerns include strained budgets, the ability to deliver on the organization’s promises during a pandemic, and more.
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Your NFP May Want to Consider Licensing Your Name and Brand

In this pandemic year, many not-for-profits are scrambling to find new revenue sources to replace donor contributions and other lost income.
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Collective Impact Initiatives

Collective impact initiatives are growing among not-for-profits. Such initiatives are about more than collaboration. They represent the commitment of a group of organizations to a common agenda for solving a specific social problem.
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Nonprofits–What to do When the Audit Ends

Financial audits conducted by outside experts are among the most effective tools for revealing risks in not-for-profits. They help assure donors and other stakeholders about your stability — so long as you respond to the results appropriately.
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How Nonprofits Should Classify Workers for Tax Purposes

Employee or independent contractor? It’s not only for-profit companies that struggle with the question of how to classify workers for federal tax purposes.
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Donor-Advised Funds: Giving with a Tax Advantage

VIDEO: If you donate to charitable organizations, you might want to consider establishing a donor-advised fund. A donor-advised fund is a charitable tax-saving tool that enables you to maintain a certain level of control over how funds are distributed while receiving immediate tax benefits.
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Nonprofit Financial Dashboards Can Steer to Success

 Not-for-profits increasingly are adopting a corporate world tool: financial dashboards. A dashboard is a summary of an organization’s progress toward a specific goal over time — or a snapshot of its current situation.
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Should Your Nonprofit Accept Every Grant?

Current financial pressures mean that your not-for-profit probably can’t afford to pass up offers of support. Yet you need to be careful about blindly accepting grants.
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Key Bonus Depreciation Points to Remember

You’re probably aware of the 100% bonus depreciation tax break that’s available for a wide range of qualifying property. Here are five important points to be aware of when it comes to this powerful tax-saving tool.
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