As treasurer, I work hard to keep the board informed of our financial status and forecast. But when I send or distribute statements, no one looks at them. When I raise the financial status at board meetings, they just say...
Thirty-four years ago a government worried about recessions and revenue streams saddled the Canadian public with a new tax. Charities, community organizations, and individuals have been paying ever since. The Canadian Capital Gains Tax came into existence in 1971 with...
Understanding the nonprofit insurance situation is a bit like trying to decide if the glass is half full or half empty. A February 2004 CharityVillage cover story documented the issues of rising premiums and coverage limitations for many nonprofit agencies....
Many organizations know how to write effective proposals that describe the value of the program and the impact on the community and individuals. They understand the motivation of the funder and their funding initiatives and consequently write a proposal that...
Today's successful non-profit agencies use every tool at their disposal to enhance their financial health. As a result, many have discovered the critical value of the budget document and its implementation. Without a budget and without proper implementation an agency...
The reality for most nonprofit agencies today is an increasing demand for services as funding shrinks and costs escalate. In this environment of constant change, organizations need a plan to help them manage. In most cases, this plan takes the...
If you are like most nonprofit agencies today, you are finding it more difficult to make ends meet. In this environment of scarce resources, one of the most important tools at your disposal is the budget. In the publication Cost...
If you are like most nonprofit agencies today, you are finding it is more and more difficult to make ends meet. You have probably experienced funding cutbacks that have forced you to reconsider your activities and do things differently. In...
Audits are seldom a pleasant experience. Organizations are no different than most individuals in Canada — given a choice, we would rather not be audited. Nonetheless, random, compliance and forensic audits by regulators are an integral part of public accountability...
"Accountability" has become an important watchword in fundraising. The need for it has always been a legal requirement in fundraising, but what it meant and the public’s awareness of it have developed in recent years. Our next few columns will...
