Sometimes, nonprofit organizations will work with other companies to accomplish things better together. With these arrangements, both companies can save money and do their job more efficiently. Working with other companies is often a great idea, but it is critical that your accounting departments know how to accurately report these collaborations to the government. Reporting […]
Failed to file your Form 990s? Here’s how your nonprofit can regain tax-exempt status
Not-for-profit companies must stay up to date on filing form 990 or 990-N with the IRS in order to maintain tax-exempt status. If at all possible, it’s best to avoid losing tax-exempt status in the first place, because failing to uphold California nonprofit audit compliance requirements means your company may be subject to corporate taxes […]
Thoughts on Finding a New Executive for Your Nonprofit
One of the things we talk to businesses that use our nonprofit audit services is the necessity of planning ahead for an executive search. Although your company might not be concerned about the immediate loss of your executive, knowing how you will find the next one in advance is advantageous. That’s because it normally takes […]
Strategic planning: Not exclusively a vision of the future
As a complement to our California nonprofit audit services, we help companies with strategic planning. This term makes most people think of long-term planning, but there’s another approach to consider as well. Real-Time Strategic Planning (RTSP) allows your nonprofit more flexibility when looking to the future. Opportunities and challenges can present themselves at any time, […]
What Every Nonprofit Should Know About Issuing Receipts for Nonprofit Fundraisers
If you’ve run a nonprofit for any period of time, the chances are your company has held fundraisers. While these events are often a lot of fun and raise a large amount of money at the same time, they also involve careful reporting of donations and the issuance of receipts. At Ernst Wintter and Associates, […]