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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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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