The Art of Giving and Receiving: How Accounting Can Facilitate Generosity and Gratitude in Faith-Based Organizations

Accounting is often seen as a dry and technical subject, devoid of spiritual or emotional significance. However, for many churches and faith-based organizations, accounting is not only a necessary tool for managing their finances, but also a way of expressing their faith and values. Accounting can be one important component in helping both churches and…

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Funding Faith: The Ultimate Playbook for Handling Faith-Based Contributions

In the realm of faith-based nonprofits, effective management of contributions is essential for sustaining the mission, growth, and impact of the organization. With a focus on maintaining transparency, accountability, and proper stewardship, faith-based organizations can navigate the complexities of financial management while fostering a strong sense of community. In this guide, we will delve into…

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How to Keep Your Sacred Space in Good Financial Shape: A Practical Guide to Maintenance, Upgrades, and Community Spaces

Faith-based buildings and properties are more than just physical structures. They are sacred spaces that serve as places of worship, community, connection, and spirituality for many people. However, maintaining and managing these spaces also requires financial planning and stewardship. In this blog post, we will explore some of the financial aspects of faith-based buildings and…

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Endowments: The Gifts That Keeps on Giving (If You Manage Them Well)

Endowments are a vital source of funding for many educational institutions, especially in times of economic uncertainty and budgetary constraints. Endowments are funds that are invested to generate income, while the principal is preserved in perpetuity. The income from endowments can support various purposes, such as scholarships, faculty salaries, research, academic programs, and campus facilities….

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Mastering Nonprofit Budgeting: A Crucial Guide for Financial Health and Mission Fulfillment

You might have a personal budget in place to track your income and expenses, enabling you to stay informed about your financial situation. Similarly, a nonprofit budget serves as a plan for how an organization intends to allocate its funds, encompassing a comprehensive breakdown of revenue and expenditures. Although a nonprofit budget tends to be…

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How to Pass an Audit with Flying Colors: A Checklist for Educational Institutions

Audits are an essential part of ensuring the financial integrity and accountability of educational institutions. They help to verify that the institutions are complying with the relevant laws, regulations, and standards, and that they are using their funds appropriately and efficiently. However, audits can also be stressful and time-consuming for the institutions and their staff,…

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Budget Smarter, Not Harder: How to Plan and Manage Your Nonprofit Educational Outreach Program Budget

Educational outreach programs are a vital way for nonprofit organizations to engage with their communities, raise awareness about their missions, and provide valuable learning opportunities for diverse audiences. However, running effective and sustainable outreach programs requires careful planning and budgeting, especially in times of uncertainty and limited resources. In this blog post, we will offer…

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3 Reasons to Consider Outsourced Accounting for Your Nonprofit

As the pace of change continues to accelerate, nonprofits are finding new and creative ways to keep up. Today’s leading nonprofits are perfecting the art of virtual fundraising and volunteering. They’re implementing fresh social media strategies. They’re creating innovative donor retention programs. And they’re driving their missions forward despite myriad ongoing global challenges. It’s a…

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Why Numbers Matter to a Nonprofit Board

For Nonprofit Boards, Numbers Are a Necessity   As a Board member for a nonprofit organization, you’re expected to attend Board meetings, monitor fundraising and management, digest reports, and help the organization determine its strategic direction. You’re also expected—and, indeed, compelled by law—to oversee the organization’s finances as part of the fiduciary responsibility of a Board….

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3 Keys to Being Prepared for Your Next Nonprofit Audit

For many nonprofits, going through an annual audit is like undergoing a root canal—it’s a painful, stressful, and expensive experience. The good news is that it doesn’t have to be that way (the audit, that is.) Through advance planning, organization, and knowledge of the audit requirements, nonprofits can embark on their annual audit with ease and…

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