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4 Strategies for Proactive Risk Management at Your Nonprofit

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Ensuring these guidelines are followed should be part of their risk management plans. Strengthen Your Organization’s Internal Controls Internal controls are policies and procedures that nonprofits put in place to help avoid risky situations. Adopting a conflict of interest policy. Grant application requirements.

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What grantmaking practices should foundations adopt to best support nonprofit organizations?

ASU Lodestar Center

Mowrer’s Grant-seeking Challenges highlights that funder practices and requirements are considered one of the greatest challenges for grant-seekers. Nothing else matters if the foundation loses its charitable status; therefore, foundation leaders must ensure that legal guidelines are followed. Set clear policies.

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How to Create a Volunteer Handbook Your Volunteers Will Use

Get Fully Funded

If your organization relies on volunteers, even just a little, you need a volunteer handbook that spells out expectations, policies, and procedures. Most volunteers don’t know the law exists. You may have applicable good samaritan laws in your state. Harassment: Every organization needs a harassment policy.

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Four Lessons From Candid About Balancing Grantee Data Protection and Transparency

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In some cases, we’ve made these changes in response to specific requests from funders that have shared grants data with us. While it focuses specifically on grants data, many of the lessons are applicable to other data types as well. Have Cybersecurity Policies and Practices in Place. Are staff familiar with our policies?

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What Every Nonprofit Needs to Know About Financial Audits

sgEngage

That’s why you’ll need to see if you’re required by funders or by law to conduct a financial audit for your organization. . Be sure to check the guidelines for your state to see if you need to submit an audit when you accept a certain amount of funding. . When Financial Audits are Necessary . The federal government.

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Understanding Nonprofit HR: What Sets It Apart?

Get Fully Funded

In addition, nonprofits must comply with the same federal, state, and local laws as businesses regarding the treatment of employees. Project-reliant staffing: Many nonprofits depend on grants and other forms of project or program-specific funding. HR is the department responsible for managing hiring, onboarding, training, and benefits.

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6 Key Changes for Nonprofits in the FASB’s ASU 2016-14

Connection Cafe

One of the worst things that could happen as a result of noncompliance is a loss in contributions and grant funding. Don’t wait until the end of the fiscal year to start thinking about how to revamp your policies and procedures to comply with the FASB update. How ASU 2016-14 Will Affect Nonprofits in 2018. Underwater Endowments.

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