Non-Profit Insights

Some nonprofit executives try to control as much as they can. But micromanagement isn’t conducive to creating an effective team.

Raffles are commonly used by nonprofit organizations as a way to raise funds. But that doesn’t mean that raffles are without challenges. IRS rules surrounding gaming apply, as do state and local laws. Don't let the rules come back to haunt your organization.

Nonprofits often pay one or more of their officers to provide services. This isn’t without risks. This article reviews a court case in which a nonprofit was found to be responsible for unpaid employment taxes on an officer’s compensation.

The U.S. Department of Labor released a new final rule in the spring of 2024 changing the salary threshold for determining whether employees are exempt from federal overtime pay requirements under the Fair Labor Standards Act (FLSA).

Based on a recent survey, CEOs of nonprofits are considering leaving their jobs. Volunteerism is on the rise due to an increase of standard corporate volunteer programs.

Charitably inclined individuals can use a charitable gift annuity to donate to charity while enjoying significant tax breaks and a lifetime income stream. And if they’re age 70½ or older, they can now transfer up to $53,000 ($106,000 for married couples) to a charitable gift annuity directly from an IRA and apply the gift toward their required minimum distributions (RMDs) for the year. This article explains the benefits of this technique and why it’s important to properly evaluate the charities receiving gifts.

Cost allocation can be a cumbersome task for nonprofits, especially organizations with many activities. However, the process is critical for multiple reasons, and it’s worth reviewing cost allocation practices regularly to ensure they’re working as intended. This article covers the reasons to make allocations and the various methods used.

Let’s face it: Most nonprofits are founded on a passionate belief in service. This doesn’t always include a passion for numbers. To fill this gap in financial expertise, nonprofits often hire chief financial officers (CFOs). But do all nonprofits — including small organizations — need one? This article examines the duties of a CFO, how the size of a nonprofit organization may affect a CFO’s role, qualifications that a CFO should bring to the job, and whether outsourcing the job may be the right move.