[INFOGRAPHIC] 5 BIGGEST CHANGES TO NONPROFIT FINANCIAL STATEMENTS

| October 12, 2017

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Financial Accounting Standards Board issued an Accounting Standards Update (ASU) designed to improve the clarity and utility of nonprofit financial statements. As organizations look to implement these changes, questions are sure to emerge around how the key aspects of the ASU will change the look of their financial statements.

Spotlight

Habitat for Humanity International

Driven by the vision that everyone needs a decent place to live, Habitat for Humanity began in 1976 as a grassroots effort on a community farm in southern Georgia. The Christian housing organization has since grown to become a leading global nonprofit working in nearly 1,400 communities throughout the U.S. and in more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, visit habitat.org.

OTHER ARTICLES

Corporate Social Responsibility Companies and Your Nonprofit

Article | April 9, 2020

Corporate social responsibility is a big business, and it’s something that nonprofit leaders should take full advantage of in their fundraising. For instance, according to Double the Donation, CSR companies have donated $20.77 billion in recent years through their CSR programs. That’s an enormous amount of money and doesn’t include what’s left on the table because many nonprofit haven’t reached out to businesses concerning CSR opportunities. Further, Double the Donation Research published the following:

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4 Steps to Crushing Your Year-End Fundraising Goals

Article | February 13, 2020

Did you know that 30% of all annual charitable giving happens in December? Ten percent of those donations come in the last three days of the year! Professional developers probably aren’t surprised by those statistics. Most nonprofits understand how critical year-end giving is to their annual fundraising goals. With millions of dollars potentially at stake, nonprofit organizations must have an excellent strategy to get some of those coveted year-end donations. The great news is it’s never too early (or late) to start planning for the best year-end giving campaign yet! We gathered some essential statistics every fundraiser should know about year-end giving and a few strategies to help you crush your fundraising goals.

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The Ultimate Donor Relations Strategy to Increase Member Retention

Article | April 17, 2020

A common mistake nonprofits make is spending all their resources and efforts on marketing and attracting new donors or members. Your initial conversation rates may be great, but what happens after a year, when it’s time for them to renew? A lot of organizations struggle with their retention rates. They work really hard on their renewal appeals, only to see declining numbers month after month. Of course, a number of factors could be at play here: perhaps the donor is no longer interested; their financial situation has changed and they no longer have capacity; maybe they were supporting a specific program or project that has now been completed.

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Nonprofit Success in Times of Crisis

Article | April 22, 2020

In recent weeks all business sectors across America have made significant transitions with their work force and have overcome huge hurdles to their success in response to the Covid-19 pandemic. Employees everywhere are doing their best to meet the goals expected of them in a time of intense uncertainty and rapid change. The nonprofit sector is one industry that has faced unique challenges due to the pandemic.

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Spotlight

Habitat for Humanity International

Driven by the vision that everyone needs a decent place to live, Habitat for Humanity began in 1976 as a grassroots effort on a community farm in southern Georgia. The Christian housing organization has since grown to become a leading global nonprofit working in nearly 1,400 communities throughout the U.S. and in more than 70 countries. Families and individuals in need of a hand up partner with Habitat for Humanity to build or improve a place they can call home. Habitat homeowners help build their own homes alongside volunteers and pay an affordable mortgage. Through financial support, volunteering or adding a voice to support affordable housing, everyone can help families achieve the strength, stability and self-reliance they need to build better lives for themselves. Through shelter, we empower. To learn more, visit habitat.org.

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