Welcome to the premier issue of the KDV Nonprofit Agenda.
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Accountability is critical for today's nonprofits
In
recent years, the issue of accountability for any type
of organization has garnered a lot of attention. Perhaps
most notably, both public and private for-profit companies
have been struggling to adapt to either the tenets or
effects of the Sarbanes-Oxley Act of 2002. Although
nonprofits in most states don't have a specific piece
of legislation dictating their standards of accountability,
there can be no overstating the importance of operating
your organization in an accountable manner. This article
explains how accountability takes place and the role
of a nonprofit board.
Full Article
5 ways to increase your
organization's income
It's
the same old story pestering many nonprofits: A pledge
is made and for any number of reasons -- from a donor's
bad intentions to economic reversals to a volunteer's
lack of follow-through -- the money is never received.
Because donations are such a vital source of income
for most not-for-profits, this can be devastating. This
article reviews five ways to increase your nonprofit's
income.
Full Article
New auditing standards
address internal controls
Regular
financial audits are a must for every nonprofit. This
is true for a number of reasons, not the least of which
is upholding the accountability of your organization.
Well, the next time your auditor works on your financial
statements, he or she will face revised standards for
doing so. Last year, the Auditing Standards Board issued
Statement on Auditing Standards (SAS) No. 112, Communicating
Internal Control Related Matters Identified in an Audit.
This article addresses just how auditors should communicate
whether and how an entity exercises internal control
over financial reporting specified in an audit of financial
statements.
Full Article
Using technology to enhance
your nonprofit
Nonprofits
have always struggled to get their services out to their
communities efficiently and cost-effectively. Today's
technological tools can be a tremendous help in this
endeavor. This brief article looks at recent developments
in e-mail and the Internet, software, and electronic
records, and how they can help you increase your organization's
reach.
Full Article
News for Nonprofits
Topics
that are briefly covered in this issue's "News for Nonprofits":
e-filing tax returns, IRS not-for-profit objectives,
the Fifth Annual GuideStar Nonprofit Economic Survey
and the telephone excise-tax refund.
Full Article
