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Accounting for contributions and grants has often proven complicated for not-for-profits, especially when they come with donor-imposed conditions. But 2018 guidance from the Financial Accounting Standards Board (FASB) provided some much-needed clarification of earlier instructions.

To properly fulfill their fiduciary duties, your nonprofit’s board needs certain information. And it’s up to the executive director and managers to ensure they have it.

State law typically specifies the minimum number of directors a not-for-profit must have on its board. In Minnesota, that minimum is three members. But so long as organizations fulfill that requirement, it’s up to them to determine how many total board members they need.

If your top executive were to step down tomorrow, would your not-for-profit know how to make a smooth leadership transition or would your boat suddenly be rudderless? Fortunately, creating a succession plan isn’t as difficult as you might think.

If your not-for-profit suffers from a chronic volunteer shortage or has had to put off large projects for lack of helping hands, corporate volunteer partnerships can be a boon. Teaming up with a well-known company can also raise your nonprofit’s profile with potential donors and the media.

There's some new ways for you to reduce your nonprofit's filing burden if you are thinking about merging or otherwise restructuring. Recently, the IRS made the process easier for some organizations.