Despite the need for major gifts and foundation support, nonprofits still depend on the contributions they receive from individual donors, from that $5 check on up.
The need for nonprofits to prove that they are doing good rather than scamming the general public is an ongoing one. New regulations are passed every year, but at The Georgia Society of CPAs 2011 Nonprofit Conference, attorneys W. Marshall Sanders and Margaret W. Scott reviewed features of a tax law passed in 1993, Section 170(f)(8) of the Internal Revenue Code requiring donors and nonprofits to “substantiate” a contribution of $250 or more if a tax deduction is to be allowed.
The leader of any organization would like to say that the person runs things according to sound practices of business, personnel management and, if necessary, fiduciary responsibility.
Does your organization have a public physical location, such as a museum? Do you host a lot of on-site advocacy or volunteer events? If so, FourSquare — a social networking application that tracks your physical location and lets you easily “check-in” to tell friends where you are — could be worth exploring.
Nonprofits track all sorts of data, from finances and event attendance to volunteer participation, supporter involvement and more. A dashboard, sometimes called an “executive dashboard,” is simply a means of pulling this information together in one place– often with easy-to-understand visuals — to make it easier to understand and act on.
Making mistakes is included in the job description of “human being,” but one might have trouble accepting that fact based on information from irate donors, crusading journalists or politicians in high dudgeon (or dudgeon of any altitude).
There are experts, and there are people who know what they’re talking about.
In an effort to raise their profiles to enhance their mission, nonprofits could find themselves getting bitten by UBIT (unrelated business income tax).
To campaign or not to campaign? Campaigns can be beneficial by raising money and organization profile, but they are not guaranteed to succeed, and some have even failed badly.
Good nonprofit operation depends in part on good data, but as in all aspects of the sector, integrity plays a big part in assembling donor information.
Current Print Edition
July 31, 2015Table Of Contents
Vol. 29 No. 9
In The News