Articles
Why Testing is Important for Pensions
As auditors, we are always busy performing different types of testing, especially controls and compliance-based test work. While there is a common stigma about auditors and audits in general, and they have a “gotcha” sort of mentality,
Nonprofit Governance: It’s Not Rocket Science Part 2 – Assure Compliance & Avoid Governance Traps
Let’s start with this basic premise: people join nonprofit boards because of their passion for the mission. No one joins a nonprofit board to spend time and energy on nonprofit governance. Nobody wants to become a governance geek!
Governance: It’s Not Rocket Science
At a recent board meeting with a new client, I found myself at the table with a number of brilliant and acclaimed scientists, some of whom had worked for NASA at different points in their careers. The board members’ individual accomplishments aside, this organization’s governance was abysmal.
Effective Board Meetings: How do you ensure your Board remains effective?
Board meetings should be structured effectively to allow board members to connect with the mission of the organization and encourage a commitment to achieving organizational goals. Some practices that contribute to effective board meetings include
Succession Planning for Nonprofit Boards
Nonprofits that are serious about their own sustainability should also be serious about planning for the smooth and thoughtful transition of their leadership. Whether a transition occurs due to an unexpected vacancy on the staff
Fundraising: A Different Approach
For too long, the nonprofit sector has taken a “one size fits all” approach to fundraising; with dinner dances and golf outings clogging the calendar and development staff making phone calls looking for sponsorships at pre-established levels.
NYPMIFA: What is it and what does it mean for me?
NYPMIFA – what does this strange acronym mean? These seven letters are used to abbreviate the New York Prudent Management of Institutional Funds Act. NYPMIFA is not something completely new to us. This legislation was signed into New
Too Many Nonprofits, Too little M&A
Nonprofit organizations are facing an increasing number of demands and it’s finding many of them stretched so thin that creativity and strategy are the only answers left to overcome these demands. Government funding is decreasing
What the Board of Directors Should Know About IRS Form 990
IRS Form 990 is an informational tax form that the majority of tax-exempt organizations must file annually. The Form’s main purpose is to give the IRS an overview of the organization’s activities, governance, and detailed
