Divvy! Your Nonprofit Credit Card Solution

By CarolCarrie / June 21, 2022 /
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Credit cards always seem to be a sore spot for nonprofits. Yet they are often essential for staff to carry out the organization’s business. Is it possible to make credit card administration any easier?  First consider all these credit card management problems. Credit Card Sore Spots 1. To manage physical credit cards, some organizations use…

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Reports Board Members Want: A CFO’s Perspective

By CarolCarrie / January 27, 2022 /
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Mary Diegert is a recently retired CFO with 25 years’ experience in the nonprofit human services sector. She earned a master’s degree in Accounting and her CPA license (now lapsed) in the 80’s. Her most recent experience is fifteen years with a $20 million Catholic Charities agency in upstate New York. Her focus is on…

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PPP Round 2 and Other Updates

By CarolCarrie / January 25, 2021 /
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On December 27, 2020, a new Covid-19 relief bill called the Economic Aid to Hard-Hit Small Businesses, Nonprofits, and Venues Act (“the new bill”) was signed into law. While the new bill includes many benefits, a few provisions are especially interesting for nonprofits. Paycheck Protection Program Round 2 The new bill kicks off a new…

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Nonprofit Revenue Recognition Part 2 of 2

By CarolCarrie / December 7, 2020 /
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Welcome to the second installment of our two-part series on nonprofit revenue recognition. In the first post of this two-part series we: Covered the history and background for the new revenue recognition standards; Explained how to distinguish between contributions and exchange transactions (important for today’s blog post); and Gave an overview of conditional contributions and…

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October Online Learning Opportunities and PPP Update

By CarolCarrie / October 14, 2020 /
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We have a few timely online learning opportunities to share with you! New Mediator Course In this era of strife we love that our friend Kate Otting, a professional mediator, has created several affordable online course packages for becoming a mediator. One thing that distinguishes her course from others is the wealth of practice you…

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Nonprofit Revenue Recognition Part 1 of 2

By CarolCarrie / August 3, 2020 /
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No one likes audit surprises. Seems like they never go in your favor. One place you may stumble into an audit surprise is with the new revenue recognition standards. One standard applies only to nonprofits and covers contributions. The other standard applies to all entities, for-profit and nonprofit, and covers exchange transactions. We’ll explain these…

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Inspiration, PPP Accounting and COVID-19 Resources

By CarolCarrie / May 11, 2020 /
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Our world has experienced a seismic shift. No doubt many of you are rethinking priorities and questioning what you thought to be true. You are racing to learn about new coronavirus relief programs. You’re scrambling to shift to online formats for everything from fundraising events to board meetings to programs. With so much going on,…

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Timely Financial Help for Nonprofits

By CarolCarrie / April 2, 2020 /
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As a result of the coronavirus pandemic, your organization may be eligible for Federal financial assistance. Below we highlight three programs that can help nonprofit organizations. Time is of the essence. Please read and act now. 1. Paycheck Protection Program Starting this Friday, April 3, 2020, nonprofit organizations and other small businesses affected by the…

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Nonprofit Fraud in a Small Town

By CarolCarrie / March 2, 2020 /
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He was the executive director of the local United Way. He had also served as mayor in their small town of Milton, Florida for 20 years. By all appearances, he was an esteemed community leader and philanthropist. He was also perpetrating a nonprofit fraud by pocketing hundreds of thousands of dollars in stolen donations meant…

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What Are Restricted Grants?

By CarolCarrie / February 3, 2020 /
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You are probably thinking, “It’s about time you wrote a post on restricted grants!” We weren’t ignoring you. Really. Restricted grants are a huge, complicated area. So huge and complicated, in fact, we decided we needed to create a course to cover this topic. Everything from understanding the many different types of grants to learning…

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