Not-for-Profit

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Religious congregations are not required to file tax returns so they may not have the benefit of regular oversight by independent accountants and also may not be aware of the best practices that should be followed.  Without professional accounting oversight, they could be leaving their organizations vulnerable to fraud and
Like many not-for-profits you may use regular member surveys to find out the pressing needs of your members, but if you fail to conduct them strategically means you could end up with useless information. Maximize your next survey’s effectiveness by focusing on your objectives during every stage of the process.
Striving to improve communication and collaboration between a not-for-profit's development and accounting departments can avoid confusion, embarrassment and possibly financial problems. Here are three ways your organization can facilitate cooperation between these two critical functions.
Directors and officers (D&O) liability insurance is common in the business world, but not as common at not-for-profit organizations.  This type of coverage enables board members to make decisions without fear that they’ll be personally responsible for any related litigation costs.
Nonprofit organizations rely on donor gifts to achieve their objectives. There are two kinds of gifts, restricted--that come with conditions attached; and unrestricted, that can be added to general operating funds and used where needed.. 
Financial warning signs in not-for-profits can be subtle. Board members have a responsibility to recognize signs of financial distress and do everything in their power to avert potential disaster.
Olsen Thielen is pleased to announce Magen M. Koepp was elected Principal of the firm, effective September 1, 2018. Magen is an Employee Benefit Plan Specialist and has ten years of experience in accounting, auditing and consulting.
Many organizations are holding virtual board meetings that allow board members to be present via phone and web-based applications instead of in person, face-to-face meetings. This option isn’t without obstacles, but it can ease board member attendance problems as well as help with recruitment challenges.
Olsen Thielen Principal, Michael Bromelkamp, is in the process of transitioning from his many responsibilities at Olsen Thielen after 25 years with the Firm.
Change is difficult and when change management benefits are carefully considered, a formal approach can minimize the negative fallout and increase the likelihood of achieving your desired change goals, whether it be something as drastic as a merger or as simple as a new software program. 
Solvency is essential to staying in business and sometimes hiring solvency experts is needed to resolve creditor payment issues.
Cultivating positive public relations for nonprofits is an important way to build community support.  Good public relations is a cost-effective way to build awareness and create opportunities to achieve your mission. If you’re struggling to get enough visibility from the media,
A nonprofit advisory board has many advantages.  An advisory board is an informal group of volunteers whose purpose is to give advice and support to the governing board.  It does not have any formal legal responsibilities or decision-making authority, but it can bring complementary — and valuable — skills and
Not-for-profit organizations are like many other businesses. Over time, they move through stages of development called the organization life cycle. Their early stage precedes a growth period that runs several years, followed by maturity. At this stage, the nonprofit has built its core programs and achieved a reputation in the
Telecommuting is a work arrangement in which an employee works outside of the standard office. The employee often works from home, either full-time, on certain days of the week or as the need arises.  Telecommuting has become increasingly popular as employers seek new ways to provide a greater work/life balance
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