A fiscal sponsor is a nonprofit organization that provides fiduciary oversight, financial management, and other administrative services to help build the capacity of charitable projects. For further explanation, see: What is fiscal sponsorship?
Internal Controls to Help Deter Fraud is a video in the Nonprofit Accounting Basics educational webinar series, where CPA Shawn Miller (Calibre CPA Group) discusses the relationship between weak financial oversight and fraud, as well as deterrence and detection through strong internal controls. (Nonprofit Acc
Get an overview of the latest federal COVID-19 relief plans – including the American Rescue Plan Act – the state budget and major legislation affecting nonprofits, and potential policy solutions that could help nonprofits during the 2021 NC legislative session.
Presenter: David Heinen, Vice President for Public Policy and Advocacy, North Carolina Center for Nonprofits
Recording length: 1 hour, 2 minutes
With program demands and financial stresses on nonprofits likely to increase in 2021, how can public and private partnerships work better together to support fragile nonprofit operations and disrupted service delivery systems caused by COVID-19? How can they complement and leverage each other’s resources to strengthen nonprofits’ capacity to continue to deliver vital services? This workshop will explore the opportunities and challenges of these partnerships to support the nonprofit sector in the new world order.
Recording length: 1 hour, 13 minutes
These days, many organizations are asking themselves: Could we have been better prepared? While organizations use strategic planning to prepare for opportunities and challenges and to chart a course forward, nonprofits have spent 2020 adapting and evolving, and are taking a new look at future strategic planning needs.
This program is designed to strengthen the financial resilience of nonprofit organizations in North Carolina. Intended for both funders and nonprofit leaders, the program will begin with an introduction to the concept of “full cost” funding and budgeting as strategies to support nonprofit financial health. Full cost goes beyond programmatic budgeting to include things like having working capital to pay bills on time and having reserves to manage risks or opportunities.
In this webinar, learn about the factors driving the nonprofit insurance crisis, resulting in non-renewals of overall insurance programs or certain lines of coverage within their insurance program, or renewals only with steep increases in cost and/or a reduction in coverage. Such factors include:
Planned giving programs can be a sustainable long-term component of your nonprofit's fundraising strategy. But with a confusing array of jargon – charitable gift annuities (CGAs), charitable remainder annuity trusts (CRATs), actuarial determination, and so on – knowing where to start is daunting. Below are resources explaining the types of planned giving programs, how to market planned giving, and sample appeal letters to get your organization on the path to fundraising for the long-term.
Start a Planned Giving Program
Last updated 9/17/2020
Jaime Campbell, CPA, Tier One Services, LLC
Auditing is an information service. As such, many forward-thinking auditors have already been working virtually for years, as evidenced by their vacation photos posted on Facebook while they were conducting “analytical procedures” from their laptops, which they bring with them everywhere, including the bathroom.
Jaime Campbell, Tier One Services, LLC and Mig Murphy Sistrom, Mig Murphy Sistrom, CPA, PC
We are both CPAs and accounting firm owners, committed to serving the nonprofit sector. We welcome this opportunity to share our observations and advice on how the pandemic has affected the accounting work of nonprofits. Since we are both committed to centering racial equity in our work, we have applied an equity lens to these topics.