Olsen Thielen Advisor Blog

Religious congregations are not required to file tax returns so they may not have the benefit of regular oversight by independent accountants and also may not be aware of the best practices that should be followed.  Without professional accounting oversight, they could be leaving their organizations vulnerable to fraud and

Like many not-for-profits you may use regular member surveys to find out the pressing needs of your members, but if you fail to conduct them strategically means you could end up with useless information. Maximize your next survey’s effectiveness by focusing on your objectives during every stage of the process.

Striving to improve communication and collaboration between a not-for-profit's development and accounting departments can avoid confusion, embarrassment and possibly financial problems. Here are three ways your organization can facilitate cooperation between these two critical functions.

Directors and officers (D&O) liability insurance is common in the business world, but not as common at not-for-profit organizations.  This type of coverage enables board members to make decisions without fear that they’ll be personally responsible for any related litigation costs.

Financial warning signs in not-for-profits can be subtle. Board members have a responsibility to recognize signs of financial distress and do everything in their power to avert potential disaster.