Financial Management

Surviving the New Reality: 5 Keys for Nonprofits to Adapt and Thrive in a COVID World

COVID-19 is not going away quickly. Some form of social distancing will likely be with us through at least year-end. How can your organization adapt to this new reality and not only survive but thrive in 2020, emerging stronger with more capacity to act on your mission and raise the revenue you need? This training is especially appropriate for executive teams.

 

Webinar recording: $25

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“Full Cost” Is the Way Forward

Jeanne Tedrow, President & CEO, North Carolina Center for Nonprofits

Managing a nonprofit’s finances is no small or easy task. Nonprofits and those who seek to do good while making a difference in our communities are to be commended for their ability to manage resources and revenue. More often than not, nonprofits make a way when many would say there appears to be no way. To make things happen for the good, they become creative as they leverage financial support with in-kind donations and volunteer labor.

What if pizza shops had to manage their money like a nonprofit?

Jeanne Tedrow, President and CEO, of North Carolina Center for Nonprofits.

Imagine a customer walking into a pizza shop to order a pizza, then only wanting to pay for the ingredients – flour, sauce, toppings, cheese. (See Pizza and a Laugh ‒ A Reminder about Your Nonprofit Financial Stress LevelNonprofit Quarterly, December 18, 2018.)

Defending Your Organization Against Hackers, Fraudsters, and Cyberthugs

Lee Painter, principal at CliftonLarsonAllen LLP, presented this webinar to help your organization identify cybersecurity trends and tactics hackers are using, recognize common email phishing attacks and information security weaknesses, and outline strategies to mitigate risks related to phishing, ransomware, and other costly data breaches.

 

Webinar Recording: $25

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Get Ahead of FASB Reporting Updates

For nonprofit accountants and financial staff, there is no shortage of excitement on the horizon. Several new accounting and reporting updates are fast approaching – including one standard that focuses on the presentation of financial statements for nonprofits – and will have a significant impact on how nonprofit organizations report under GAAP. Presented by Kevin Leder of CliftonLarsonAllen, this webinar covers updates on the new reporting requirements, how they will impact you, and what you can do to prepare.

 

Webinar Recording: $25

How New Tax Laws Affect Nonprofits

David Heinen, Vice President for Public Policy and Advocacy, North Carolina Center for Nonprofits

On December 22, 2017, President Donald Trump signed into law a tax reform plan (H.R. 1) that cuts individual and corporate income tax rates and makes a variety of other changes to the Internal Revenue Code. Several parts of the tax plan affect the work of nonprofits.

What You Need to Know About Major Nonprofit Tax Law Changes

This fall, Congress is in the process of rewriting the Internal Revenue Code with the dual goals of lowering individual and corporate income tax rates and simplifying our nation's tax laws. This tax overhaul has major implications for all 501(c)(3) nonprofits. Among other things, the tax reform proposals could reduce charitable giving, politicize 501(c)(3) nonprofits, eliminate financing options for nonprofits, and create new taxes on certain nonprofit activities.

It’s Budget Season. Are You Accounting for the Right Things?

Jay Wilkinson, Firespring

No doubt you’ve heard about this, and like many good nonprofit leaders, have done your best to refute it.

It’s dubbed a myth for good reason. Yet most nonprofits feel pressured to do as much as possible with as little as possible when it comes to running their organization. The Overhead Myth still exists, and donors still scrutinize nonprofits, wondering what percentage of their gift actually goes toward the “cause.” As if dollars that support infrastructure don’t also support the mission.

Sales Tax Exemption

Under current law, charitable nonprofits in North Carolina pay sales and use tax on their purchases and can apply for semi-annual refunds of the taxes they pay. A system of sales tax exemption would save nonprofits time and reduce administrative burdens. S.346 would replace the nonprofit sales tax refund system with sales tax exemption for most 501(c)(3) nonprofits.

How does the current nonprofit sales tax refund system work?