IRS 990: What’s in it for me?

When nonprofit organizations complete the IRS 990, the standard federal reporting requirement for nonprofit organizations, most probably aren’t thinking about how they will use the form. The 990 is essentially a compliance document, explaining to the IRS the mission, governance, program activities and financial situation of an organization for the prior year. The IRS uses the form to not only make sure the organization still exists, but also to check to see that the organization is meeting the rules for charities, and basically doing the things that it said it would do.

Mind the Gap: True Program Costs

Imagine this budget planning conversation at a human services nonprofit:

“The county wants to expand our contract! Isn’t that great?”

The easy answer is: Yes! We can provide more services in our community! But the smart answer is: It depends.  In this example, we’d need to ask ourselves a couple financial questions:

Déjà Vu All Over Again: Nonprofit Survey Results

Déjà Vu All Over Again: Nonprofit Survey Results
“It’s been a rugged three years for Minnesota’s nonprofits, years characterized by economic instability, management uncertainties, and fundamental shifts in a once-familiar external landscape. Still reeling from significant financial downturns, many nonprofits have used the last few years to take a long, hard look at their internal capacities and financial requirements.”

6 Takeaways From This Year's #npfinance

It’s been a couple of weeks since the 4th Annual Nonprofit Finance and Sustainability Conference that Nonprofits Assistance Fund co-hosts with Minnesota Council of Nonprofits, and I’m still thinking about the topics, questions, and discussions from that day. The conference could not have had a better start than the keynote from Rodney Christopher, a Director on the Capital Deployment Team at F.B. Heron Foundation, on building strong nonprofit enterprises. Rodney invited us all to “let our nonprofit finance geek flags fly” and then provided us with inspiration and aspiration, with a strong dose of reality.

Is your board on board with financial leadership?

Stephanie Jacobs writes about four concepts board members need to understand to be effective financial leaders.

Overhead – good, bad, or both?

In this blog post, Kate Barr responds to "The Overhead Myth" and poses some important questions for all of us to consider.

I will gladly pay you Tuesday for a hamburger today

Steve Boland encourages nonprofits to define and determine the values of resources, opportunities and trade-offs in their financial planning.

Navigating our Mission-Money Matrix

Kate Barr reports back on our experience of "being our own client" and how these conversations led to exciting breakout sessions at our 2013 Finance and Sustainability Conference.

Creating context: Benchmarks in nonprofits

Setting nonprofit financial benchmarks can tricky, requiring contextual information. In this post, Steve Boland shares some resources available to help determine the appropriate benchmarks for your organization.

Taking our medicine

Kate Barr shares what it means for Nonprofits Assistance Fund to be our own client.