Information and Resources Useful to Nonprofits
Harmon Burstyn, bay area CPA specializing in nonprofits, recommends the following articles and papers to help nonprofits make sound and informed decisions.
Do you know the proper terminology for nonprofits and boards of directors?
BoardSource | Posted August 12, 2024
The glossary contains important terms that will help you navigate your responsibilities as a board member. From the difference between a 501(c)(3) and a 501(c)(6) to ad hoc committees and indemnification, you can quickly find all the key phrases you need to know about your nonprofit organization. more »
Chief Executive Dos and Don'ts in Recruiting Nonprofit Board Members
December 6, 2022
Recruiting A Stronger Board: A BoardSource Toolkit
DO: Develop networks of people and organizatinos that share similar values... more »
The M Word: A Board Member’' Guide to Mergers
CompassPoint Nonprofit Services
The idea of a merger usually doesn’t just arrive in the boardroom; something brings the idea to the board table. Since merging is such a daunting prospect, and because a merger is often seen as a last resort, most nonprofits undergo some serious thinking before contemplating a merger. more »
Determining an appropriate reserve level for nonprofit organizations
RSM MUSE | February 5, 2019
Setting a financial reserve level is a key process for a nonprofit organization, providing necessary funding to continue operations during a host of potential challenges or taking advantage of strategic opportunities. However, many nonprofits do not have a defined process to establish reserves, exposing the organization to undue risks. more »
How Do You Read and Understand Nonprofit Financial Statements?
Lee Klumpp, CPA, CGMA | BDO USA LLP | Spring 2018
The answer to the question is a complex one, but each individual statement is equally important especially when used in conjunction with the footnotes. However; before we jump into explaining why each statement is important we must first understand why nonprofit (NFP) organizations are different from their for-profit brethren. more »
Independent Sector
The [National Value of Volunteer Time] estimate helps acknowledge the millions of individuals who dedicate their time, talents, and energy to making a difference. Charitable organizations can use this estimate to quantify the enormous value volunteers provide. more »
