A social enterprise is an organization (or a venture within an organization) that advances a social mission through earned income.For nonprofits, launching a social enterprise can be an exciting way to expand impact and financial sustainability — but it’s not a step to take lightly. A well-designed social enterprise can...
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An endowment can be a game-changer for your nonprofit's long-term sustainability—but only if it’s done right. Whether you're just beginning to explore the idea or you're preparing to launch, here are 5 key things every nonprofit needs to know before starting an endowment.1. Endowments are Long-Term CommitmentsAn endowment is not...
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The Form 990 is often called an “informational return,” but for nonprofits it’s much more than just a tax filing. This document is a window into a nonprofit’s financial health, governance practices, and mission impact. Donors, board members, staff, and even regulators use the Form 990 to assess accountability and...
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Thinking about joining a nonprofit board of directors? You definitely should! Nonprofits thrive when passionate, engaged people step up to support their missions. Serving on a board gives you the chance to make a real difference—you'll empower staff and volunteers, lend your expertise, and help shape the direction of an...
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We often receive calls from nonprofit organizations preparing for their first financial statement audit—and the motivations vary:“We just hit $500,000 in revenue.”“Our board thinks it’s a best practice.”“We’re applying for bigger grants.”Or sometimes: “We’ve had a fraud incident and need help understanding what happened.”All understandable reasons, but let’s clear up...
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