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Preparing for Your School or Nonprofit Financial Audit: Identifying Risks and Establishing Strong Internal Controls

sgEngage

The annual financial audit is a great time to review your statements through a risk lens and search the corners of your financial statements for long-forgotten issues that could contaminate an entire balance sheet. As part of your regular discussion with your auditor, preferably at the start of your fiscal year, review your internal controls.

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4 Ways Nonprofits Can Start Using AI in 2024

Nonprofit Tech for Good

Team Unity: All staff and volunteers should understand and adhere to the same AI guidelines. Regular Reviews: The world of AI is constantly evolving, and your policies should reflect this. Regular Reviews: The world of AI is constantly evolving, and your policies should reflect this.

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Social Media Policy Guidelines for Nonprofits

NCE Social Media

I was fortunate enough to serve on a committee of AFP International that brought together some social media gurus to hash out guidelines that nonprofit organizations can use to craft their own social media policies. I highly recommend reviewing the document to see how it can benefit your agency.

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Statement of Activities: Common Mistakes and How to Avoid Them

sgEngage

The Financial Accounting Standards Board (FASB) introduces guidelines on how nonprofits should handle grants and contracts, and these updates help nonprofits report their finances accurately and in a standard manner. Regular Review and Reconciliation Nonprofits need consistent review and reconciliation routines to avoid inaccurate reporting.

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Five tips to leverage grant writing at your association

Nimble AMS

One such example is the International Association of Chiefs of Police (IACP). Your budget for each grant request will look different because the guidelines for each award will be unique, but generally you can plan to include the following information: Details about cash and non-monetary contributions. Recruit a reviewer.

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4 Strategies for Proactive Risk Management at Your Nonprofit

sgEngage

This might be due to internal circumstances at the organization itself or external factors that pose a greater social risk.” This can happen if individuals who haven’t been vetted properly are given access to resources they shouldn’t or if the nonprofit’s internal systems are faulty. Having your board review financial reports.

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Be the Voice of Relevance—Make Mission, Vision, and Values Fit the Moment

.orgSource

A 2019 Harvard Business Review article highlighted 20 well-known companies that have transformed their mission and purpose over the last decade. They outline norms for behavior, standards of quality, ethical guidelines, and expectations for performance. That’s why they also deserve frequent exploration and evaluation.

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