Nonprofits Insurance Alliance (NIA)’s Post

Clearly defined checks, balances, and procedures are essential to any nonprofit — even when your entire organization is just a handful of people with a mission. Discover tips and recommendations — designed for small nonprofits — that can help you be sure that the really important duties are getting done, everyone knows what they’re supposed to be doing, and that there are controls in place to prevent abuse or other wrongdoing. https://bit.ly/3Du3pDT

If you are working with a tiny nonprofit, this article provides non-judgmental, practical advice for those all-volunteer and 1-3 staff member organizations. https://lnkd.in/gBHXCmfb

If you’ve set up internal controls, your nonprofit is safe from theft, right? Well, the reality is…   ⚠ Policies often get relaxed or even forgotten ⚠  Staff transitions leave room for things to fall through the cracks ⚠  Familiarity can lead coworkers to trust each other to the point of skipping procedural steps   So, today I’m sharing my FAVORITE TOOL to help you…   ✅  Inspect what you expect ✅  Keep internal control processes front and center ✅  Limit the opportunity for anything to fall through the cracks   This tool has truly been a game-changer for the nonprofits I work with! Learn how to create your own here! #501c3nonprofit #nonprofits #Treasurer https://lnkd.in/gk7vz7GZ

💼 Navigating audits can be complex, but for nonprofits, they’re essential for accountability and transparency. The National Council of Nonprofits' Nonprofit Audit Guide offers a roadmap, from state-specific requirements to managing audit processes. It also covers federal audit requirements, board roles, and the benefits of audits beyond legal obligations. For nonprofit leaders looking to enhance financial oversight, this guide is a must-read. Check out the full guide at the link below. https://lnkd.in/gErTEPCY #NonprofitFinance #AuditGuide #NonprofitCompliance #nonprofits

When a for-profit business wants to team up with a nonprofit organization to benefit the community, there are some rules and regulations to be aware of. Protect all parties by knowing these guidelines and best practices. https://lnkd.in/gpNvfd9Z

In light of recent events involving embezzlement at some well known nonprofits, this article covers the most prevalent types so you can work to prevent it within your organization: https://lnkd.in/e-VmGHUS

Nonprofits operate under a web of regulations at both the federal and state levels, making compliance a top priority. It can get pretty tricky... pretty quickly! For those involved in nonprofit law or working closely with charities, understanding these regulations is critical for maintaining compliance and protecting tax-exempt status. Some challenges include: - Differences between federal and state oversight of charities - Multi-state charitable solicitation regulations - The consequences of non-compliance, from fines to loss of tax-exempt status Whether you advise nonprofits or run a charitable organization, staying up-to-date with these regulations is essential. Learn more about how federal and state governments oversee charitable fundraising and what nonprofits need to do to stay compliant! Read more here:

🚨 Nonprofits, are you aware of common audit triggers? From discrepancies in fundraising income to foreign bank accounts, even small mistakes can lead to big problems. ☝️ Stay ahead of the curve by knowing what raises red flags and how to avoid them. ➡️ Check out our latest #ProfitSense to learn about the common audit triggers for nonprofits and tips to prevent them.

One of the topics we get asked about most often from our nonprofits is about board governance, training, engagement and how to get them to raise money. (Hint-there is not magic wand to turn your board into fundraisers!) Our latest blog is the first of a 3-part series. This one explains the legal responsibilities of a board. Read it now: https://hubs.ly/Q02V4L2K0

⚖️ Want to ensure accountability and maintain trust in your nonprofit organization? Transparency is the key! From the conflict of interest policies to document retention guidelines, discover why transparent policies and procedures are crucial for preventing the misuse of resources! 💪 #NonprofitLeadership #Accountability