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...
Read More
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...
Read More 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...
Read More 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....
Read More 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...
Read More 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...
Read More 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...
Read More The role of today’s CFO and Controller are changing, or at least the perception is changing. Many of you reading this may already be fulfilling these “new” roles. If you’re not, don’t be surprised if board members, constituents, and leaders on your team begin to expect you to fulfill...
Read More 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...
Read More Serenic BudgetVision is fully integrated with Serenic Navigator, financial management software designed specifically to meet the needs of nonprofit organizations. The Serenic financial management system supports and enhances the unique workflow processes of nonprofit and public sector organizations. Nonprofits get the specific functionality they need to increase operational efficiency,...
Read More- 1
- 2
