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Best Nonprofit Accounting and Book Keeping Software

If your nonprofit organization has more than 300 transactions a year (just a thumb rule), it’s better to graduate from manual accounting system to more specialized Nonprofit Accounting ...

Restricted Contribution: Treatment in books

You will often come across the term ‘restricted contribution’ or ‘restricted net assets’ in balance sheet of nonprofit organizations. Not a very common sight in financial statements ...

How to Form a Cooperative: Steps Involved

Cooperatives are normally formed as corporations under respective state cooperative laws. The process of forming a cooperative is very similar to the process of incorporation. Like ...

Valuation of Non-Cash Donation (in-kind)

Valuation of in-kind or non-cash donation is a tricky and complex issue faced by many nonprofit organizations. Many a times, a donor would like to inflate the value of in-kind donation ...

Accounting and Bookkeeping for U.S Nonprofit Organizations

Nonprofit organizations have similar financial transactions, accounting and bookkeeping needs as any for-profit organization. Like any other organization, a nonprofit is evaluated by ...

Types of NPO: IRS classification

IRS classifies non-profit organizations into 32 categories each with several sub categories. (See: Table below). These categories/sub categories have been mentioned in the IRS code ...

5 Ways to Raise Money via Smartphones

The expansive reach of mobile phones—literally to the pocket of a huge number of individuals—gives nonprofits a whole new channel for fundraising and donor interaction.With convenience, ...

Benefits of Collecting Mobile Donations

Successful fundraising depends on getting potential donors to give at the moment they feel most motivated to support your cause or organization. But how do you make it convenient and ...

Pension Protection Act: Applicability for NPOs

The Pension Protection Act (PPA) was signed into law by the president George W. Bush on August 17, 2006. Besides protecting the pensioners, the pension protection act also creates a ...

Stats about US NPO sector

The U.S. non profit sector is equal to the sixth largest economy in the world – larger than the Canadian or Russian economies. SOME FACTS ABOUT THE NON PROFIT SECTOR There are ...

Types of Private Foundations

IRS classifies private foundations into two broad types:  Private operating foundations Grant making foundations Private Operating Foundations Nonprofit private foundations that ...
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