Nonprofits Have Not Responded to Form 990 Changes, According to a Recent Survey

In attempt to significantly improve the financial transparency of nonprofit organizations, the IRS expanded required disclosure in the Form 990. In the article “Nonprofit Disclosures to IRS Not Living up to Expectations” Michael Cohn of Accounting Today, an online business news publication for the tax and accounting community, discusses...

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Nonprofits are Using Technology to Improve Their Financial Management

Nonprofit organizations like the Arbor Day Foundation, American Urological Association, and The Philadelphia Zoo, to name a few, leverage technology to lift their teams out of endless streams of paperwork and into analysis, strategy, and more time dedicated to serving their mission. After fighting with difficult data management from...

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How Nonprofits Can Save Their Government Funding

In resolution of recent budget debates, the House of Representatives has approved trillion dollar budget cuts to government programs and charities. In the latest budget debate concerning prevention of the rise in interest rates on student loans, additional budget cuts to government programs and charities were proposed as a...

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Improving Social Capital and Stakeholder Support in Nonprofit Organizations with Formal Performance Management and Control Systems

A commonly used form of social capital is bonding. Bonding is the development of close interpersonal relationships between the organization and stakeholder in order to gain the stakeholder’s support. The acquisition of these close interpersonal relationships is greatly influenced by the stakeholder’s perception of the organization’s values and competence....

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Social Capital for Nonprofit Organizations and Strategies for Fundraising Growth

What is social capital? Social capital is the expected benefits derived from preferential collaboration between groups and individuals.  With good use of social capital, a nonprofit organization can develop a wide network of connections. These connections help establish the nonprofits’ power in fundraising ability, access to information, control of...

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Nine Key Ways Board Members for Nonprofits Can Raise Money without Fundraising

Some people are born fundraisers.  Others are so passionate about their cause, that they have no problem asking for a contribution.  And then there are those individuals who are just uncomfortable asking for money no matter how passionate or connected they are.  If you have a board member that...

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Financial Transparency and Accountability for Nonprofits

Transparency and accountability are important issues for most nonprofit organizations that want to show members, donors, and constituents how funding and contributions are being used.  But how do you improve visibility if your software keeps data shrouded in a fog?  If you are spending too much time buried in...

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American Psychological Association Solves Need for Integrated Financial and Supply Chain Management Software with Serenic Navigator

The American Psychological Association (APA) was in search of a solution that provided both financial management software for a nonprofit association and supply chain management for their publications division. With over 150,000 members and over 500 employees, the APA is comprised of executive and administrative offices, a publishing operation,...

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The Value of Integrated Reporting and Why CFOs Should Care

In the article “4 Reasons CFOs Should Care about Integrated Reporting”, Bob Laux, Senior Director of Financial Accounting and Reporting at Microsoft, discusses key reasons why integrated reporting is so important for organizations.  Below is a summary of the four key points. Communicating vs. Complying Organizations often look at...

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ERP professionals providing insight and advice for not for profit organizations.