At a meta level, managementÔÇöin the nonprofit sector or otherwise ÔÇöis about creating and maintaining an environment in which limited resources are deployed to create as much value as possible.
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A board of directors is a group of people who jointly supervise the activities of an organization, which can be either a for-profit business, nonprofit organization, or a government agency.
Nonprofit Organization. In the United States, there are over 1.6 million nonprofit organizations. Social Advocacy Groups. 501(c)(1) 501(c)(2) 501(c)(3) – Charitable Organizations. Foundations. 501(c)(4) – Civic League, Social Welfare Organization.
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Audits are important because they promote accountability. Here are 10 FAQs to help you better understand the Single Audit process.
Strategic planning is a process in which an organization determines what it wants to accomplish in the future, what actions need to be taken to achieve these goals and what resources the organization needs to reach its goals.
Nonprofit organizations submit financial statements to government authorities, lenders and other stakeholders just like their for-profit counterparts, although the focus of the financial statements is slightly different.
A Nonprofit Corporation is a special type of corporation that has been organized to meet specific tax-exempt purposes. To qualify for Nonprofit status, your corporation must be formed to benefit.
In an effort to bring more valuable resources to our clients, we have joined the Not-for-Profit Section of the American Institute of CPAs (AICPA). These governance and management resources are being shared with our Not-for-Profit clients.