For the first time in over 25 years, our annual letter has both a new look and a new voice. We expect that 2021 will bring about a lot more “firsts” – and we think that’s a very good thing.
Online giving has grown considerably over the last several years. For nonprofits without the appropriate IT infrastructure and security policies, these increased online donations can also mean greater risk for cybercrimes. While all businesses are at risk for cyberattacks,. Read More >>
Two main focal points for nonprofits include donor support and employee satisfaction, including the retention of both. The annual M+R Nonprofit Benchmark Study is an in-depth exploration of what’s changing for nonprofits and their supporters. The study is based. Read More >>
When the Financial Accounting Standards Board (FASB) released new rules for revenue recognition, contributions were specifically excluded from the scope of the revenue recognition standard. This prompted the FASB to provide further guidance in its Accounting Standards Update (ASU). Read More >>
The first quarter of a new year is a good time to review any challenges or opportunities that your organization may face. Looking early in the year allows you enough time to put any critical processes in place or. Read More >>
The good news for nonprofits is that contribution revenue was determined by the accounting standard setters to be “out of scope” for these new standards. Accordingly, no assessment of contribution revenues is required; however, these organizations don’t just get. Read More >>
Every organization can benefit from a strategic plan that defines its mission and values and outlines strategic goals and the steps necessary to achieve them. Frequent adjustments and updates can keep the plan relevant to your changing environment. If. Read More >>
The ability to make and accept online payments and maintain databases (with detailed constituent profiles) offers obvious benefits to nonprofits under time and financial pressures. But it may also be subject to fraud attempts that can dodge your traditional. Read More >>
The CEO of a nonprofit organization is the most visible, and likely, the most influential position in the organization. Great efforts should be expended in recruiting and retaining the right person for the job. It is vitally important to. Read More >>
The Financial Accounting Standards Board (FASB) Accounting Standards Update 2016-14 (“ASU”) marks one of the most impactful financial reporting standard changes to nonprofit accounting guidelines in more than 20 years. Through these changes, the FASB expects to bring increased. Read More >>
Nonprofit fundraisers know they have to “go where the money is.” And these days, it seems like a lot of the money is in crowdfunding. Just witness the incredible success of all the recent “ice bucket challenges” and high-profile. Read More >>
