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Nonprofit Insights

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August 26, 2020

Get Organized to Prepare for an Audit

Not all nonprofit organizations are required to have an independent audit of their financial statements. However, there are several circumstances that trigger a mandatory audit, including expending $750,000 or more per year in federal funds. Many state and federal contracts, bank loans, and private foundations may also require audited financials.

As important as they are, audits can be time-consuming, costly, and frustrating for nonprofit organizations, their boards, and staff. To ensure that the process goes smoothly, here are five ways to prepare: (more…)

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Categories: Audit & Accounting Errors, Myths & Guidelines, Nonprofits
Tags: Nonprofit Audits, Nonprofit Organizations, Prepare for an Audit,
August 4, 2020

Trend Watch - Women, Philanthropy, & Technology

The Women Give 2020 report by the Women’s Philanthropy Institute (WPI) at Indiana University explores giving and technology through a gender lens. It’s no surprise that the study concludes that there are differences in how women and men give and how they use technology and social networks in their giving.

The study used data from four case studies—Charity Navigator’s Giving Basket, GlobalGiving, Givelify, and Global Impact’s Grow Fund—to discern how women and men give via online platforms and apps. (more…)

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Categories: Nonprofits
Tags: nonprofits, Philanthropy, Women-owned,

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