Cloud accounting firm Xero adds Apple Pay invoice payment option

Xero, which currently boasts some 862,000 subscribers, is rolling out Apple Pay transactions in available markets through a strategic partnership with payments service Stripe. Small businesses using Apple Pay will see payments automatically logged and matched against Xero invoices in the cloud.
With a low-friction user interface, the accounting service believes Apple Pay integration will help cut down on late invoice payments, an all too common problem for small businesses. Xero estimates more than 60 percent of the 15 million invoices its customers sent out globally within the past 30 days will be paid late.

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GuideStar

GuideStar is a nonprofit committed to advancing transparency across the nonprofit sector. Twenty years ago, we lead the first revolution of nonprofit transparency: we made nonprofit reporting forms available to the public. Now, we are working to complete the second revolution: nonprofit transparency that drives nonprofit effectiveness. Join our team, and join the data revolution. GuideStar, www.guidestar.org, is the world’s largest source of nonprofit information, connecting people and organizations with data on 2.4 million current and formerly IRS-recognized nonprofits. Each year, more than 7 million people, including individual donors, nonprofit leaders, grantmakers, government officials, academic researchers, and the media, use GuideStar data to make intelligent decisions about the social sector. GuideStar Nonprofit Profiles are populated with information directly from nonprofits, the IRS, and other partners in the nonprofit sector. In addition, users see GuideStar data on more than

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Nonprofit Management

Using Social Media in Peer to Peer Fundraisers

Article | July 20, 2022

Much of the nuts and bolts of fundraising costs money, and expenses can impact your organization’s bottom line. Still, many successful nonprofits have enjoyed robust giving in recent years due to one relatively inexpensive method to exploit: social media. We’ve become much more familiar with the various social media platforms recently; if the pandemic showed us anything, there is connective power to social media platforms. From the comfort of our homes, we can engage with people and organizations in our hometowns and far away places. If you are fundraising for a nonprofit, this connectivity is one way to attract new donors, cultivate current donors, steward your donors, and, ultimately, encourage gifts from friends new and old. Through peer-to-peer social outreach, the most impactful online connections are made, just as in “real life” fundraising. Peer-to-peer fundraising can look a few different ways. One way is by encouraging your supporters to set up their own fundraiser pages. Some fundraising softwares make this easy by allowing a person to set up their own campaign. All of a sudden, their network becomes your network, too! Understanding the Best Platform for your Organization Another way of tapping into peer-to-peer power is through social media. How can social media help attract new donors? First, take an inventory of the social media accounts associated with your organization. Do you have a Facebook page? LinkedIn? Instagram? TikTok or Twitter? Find someone savvy within your nonprofit – or a friendly supporter – to help you determine if all of these (or some of them) are a good fit for your nonprofit’s personality and mission. Do you serve an adult client base? Facebook and Instagram might be good starting platforms for you. Does your organization help teenagers? Post to Instagram and TikTok. Perhaps a professional LinkedIn page is more in line with what you do. If so, make sure it is up to date and that you are interacting with other like-minded organizations! Organizing Campaign Content for Donors Once you have your platforms figured out, pushing organizational content that highlights your group’s work and mission will help you attract new friends and cultivate your loyal supporters. Think about posting entries that highlight the work you do in short sentences and compelling pictures, and think about posting on some kind of schedule. Perhaps you post about programming on Tuesdays and feature a client or member on a Thursday. Mindless posts are not compelling – make them relevant, interesting or clever, and tactical. Overwhelming the social media feed is not the goal – compelling content which drives social media users to your organization to learn more is. Peer-to-peer social media fundraising often begins with peer-to-peer content sharing. Once you have a handle on the kinds of posts your organization will create – and when they’ll be pushed out – you must leverage the power of social media connections to help further your organization and its case for support. Encourage all of your staff and Board members to “friend” you on the various platforms, and encourage them to boost your content by sharing it with their networks. Do you have an event coming up? Be sure to get this out to your social media contacts and ask them to share it. Has a donor been particularly generous, and can you feature them in a social media post? If you can do so, “tagging” the donor will, in many instances, automatically push your content out to their networks. The reach becomes massive with the right connections. Leveraging Peer Audiences Cultivation and stewardship of your nonprofit’s loyal supporters are very easy on social media. Pictures and words of gratitude or recognition are simple to post and can demonstrate your organization’s impact far beyond the reach of any email or mailing list. Finally, social media’s usefulness in fundraising cannot be overstated. Create virtual events that allow friends to RSVP and share them with their networks. Use Instagram to push out the publicity about the fundraiser – any promotional materials you may have or can create – to manufacture some “buzz” about the event. Utilize TikTok to showcase aspects of the fundraiser: perhaps highlight a program that the fundraiser will benefit or a behind-the-scenes of the event planning. There is no need to restrain creativity – give viewers a reason to return to your site, your event, and your nonprofit!

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Nonprofit Management

Going Virtual: Tips For Planning An Effective Virtual Nonprofit Fundraiser

Article | July 28, 2022

Agile nonprofits are turning to virtual fundraisers to fill the fundraising gap. Limiting public gatherings to fewer than ten people has forced many nonprofits to postpone or cancel their annual events, which is a major problem for so many organizations that rely on spring fundraising season to generate a significant portion of their annual revenue. A virtual event is any organized meet-up that takes place online rather than in a physical location. They can range from one-on-one meetings to large-scale events with thousands of attendees. Major benefits of hosting a virtual event include guests being able to attend from the comfort of their homes and organizations being able to reach an unlimited audience anywhere in the world.

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Nonprofit Management

How Nonprofits Can and Should Approach Machine Learning and AI

Article | July 11, 2022

Nonprofits can learn a lot about technology, operations, and more from companies in the for-profit sector. One technology that has been gaining popularity among c-level executives is machine learning and its contributions to modern Artificial Intelligence (AI). Since true AI — the ability for computers to process unstructured data, form conclusions, and take action — is not yet on the horizon of possibilities, machine learning models have become synonymous with AI.

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7 Essential Tips to Make Your Nonprofit Mobile-Friendly

Article | May 27, 2020

In 2011, only 11% of traffic to Classy fundraising campaigns came from mobile devices, but by 2018, it was over 50%. Not only does having a mobile-friendly campaign increase your interactions with donors, but it also builds their trust in your organization. Classy’s report Why America Gives found that 41% of donors said they’d have lower trust in how a nonprofit would use their funds if they couldn’t easily donate online or via their mobile device.

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Spotlight

GuideStar

GuideStar is a nonprofit committed to advancing transparency across the nonprofit sector. Twenty years ago, we lead the first revolution of nonprofit transparency: we made nonprofit reporting forms available to the public. Now, we are working to complete the second revolution: nonprofit transparency that drives nonprofit effectiveness. Join our team, and join the data revolution. GuideStar, www.guidestar.org, is the world’s largest source of nonprofit information, connecting people and organizations with data on 2.4 million current and formerly IRS-recognized nonprofits. Each year, more than 7 million people, including individual donors, nonprofit leaders, grantmakers, government officials, academic researchers, and the media, use GuideStar data to make intelligent decisions about the social sector. GuideStar Nonprofit Profiles are populated with information directly from nonprofits, the IRS, and other partners in the nonprofit sector. In addition, users see GuideStar data on more than

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Nonprofit Technology

Aplos Joins ASG to Scale Up Industry-leading Nonprofit Software Platform

ASG | February 24, 2022

ASG, a portfolio company of Alpine Investors that buys and builds vertical SaaS companies, announced that it has acquired Aplos, an industry-leading platform for nonprofits of all kinds, including faith-based organizations, K-12 schools, arts and cultural associations and more. Aplos provides a full suite of SaaS and FinTech tools, including fund accounting, financial reporting, donation tracking and fundraising tools, and people management. Through one unified solution for nonprofit management, Aplos empowers nonprofits to advance their missions and serve their communities. Our goal from day one has always been to meet the software needs of the full nonprofit sector, but to get there we needed to find the right financial partner. I am excited to have found a partner in ASG that believes in the value of serving nonprofits as strongly as I do. This new partnership equips Aplos to ramp up our team, fuel our product development, and invest in the future of this incredible community.” Tim Goetz, Aplos founder Aplos was founded in 2009 in Fresno, Calif. after Goetz couldn’t find a simple, affordable fund accounting software for his church, where he served as executive pastor. Since then, Aplos has grown to a team of over 65 employees who are deeply committed to making an impact with nonprofit organizations. From its initial launch as a web-based fund accounting software, Aplos now includes solutions for church management, donor management, event registration, websites, and fundraising. Today, over 10,000 organizations utilize Aplos to engage over 5 million donors and supporters around the world. Aplos marks the 44th acquisition for ASG and its first in the nonprofit software industry. Aplos will also welcome Anush Vinod as CEO, who was most recently an executive at a high-growth e-commerce business and a member of Alpine Investor’s CEO Program. “Aplos is an exceptional platform, built by innovators who care deeply about serving nonprofits and churches,” said Vinod. “The team’s passion to innovate for their customer is a worthy and inspiring mission. Nowhere is this mission more apparent than in the products, which carry the spirit of this relentless commitment to delivering great technology. For these reasons – and many more – I’m excited to lead Aplos in its next phase of growth.” About Aplos Aplos is a cloud-based system designed specially to serve the needs of nonprofit and church organizations of all sizes. The Aplos all-in-one platform takes the stress out of finances and creating reports, streamline administrative tasks, and make giving faster and more effective. Users can fundraise with the use of online donation tools, custom communication, donor database reports and event registration. Aplos enables organizations to manage all of their financial, donation and donor information in one place. About ASG ASG, backed by Alpine Investors, is a unique and fast-growing software business that buys and builds market-leading vertical SaaS companies. ASG believes deeply in the power of people and data to grow great organizations, and that sharing knowledge, expertise, and resources across its community of businesses drives exponential growth. Founders of leading SaaS companies continue to trust ASG to grow their businesses and build even stronger legacies for the future. About Alpine Investors Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in middle-market companies in the software and services industries. Its PeopleFirst strategy includes a CEO-in-Residence program which allows Alpine to bring proven leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $2.25 billion eighth fund.

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BDO updates guide to nonprofit financial statements

BDO USA, LLP | March 13, 2017

BDO USA has released the third edition of its guide to nonprofit financial reporting, updated to include the recent changes by the Financial Accounting Standards Board.

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Novogradac & Company LLP Promotes Seven to Partner

Novogradac & Company LLP | January 02, 2017

Novogradac & Company LLP, a national accounting and consulting firm, welcomes Nat Eng, Chris Jones, Andrea Killeen and Angie Taylor of the San Francisco office; Rachel Denton of the Kansas City, Mo., office; Bryan Hung of the Long Beach, Calif., office; and Amanda Read of the Cleveland office to the partnership. The firm, which specializes in affordable housing, community development, historic preservation and renewable energy tax credits and other areas, has 56 partners in 25 offices nationwide “I am excited to announce that Amanda, Andrea, Angie, Bryan, Chris, Nat and Rachel have been promoted to partner,” said Michael Novogradac, the firm’s managing partner. “Their dedication to the firm and expertise in their respective fields has helped Novogradac & Company continue to be a leader in the tax credit, accounting and valuation industries, while continuing to find new ways to better serve our clients.”

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Nonprofit Technology

Aplos Joins ASG to Scale Up Industry-leading Nonprofit Software Platform

ASG | February 24, 2022

ASG, a portfolio company of Alpine Investors that buys and builds vertical SaaS companies, announced that it has acquired Aplos, an industry-leading platform for nonprofits of all kinds, including faith-based organizations, K-12 schools, arts and cultural associations and more. Aplos provides a full suite of SaaS and FinTech tools, including fund accounting, financial reporting, donation tracking and fundraising tools, and people management. Through one unified solution for nonprofit management, Aplos empowers nonprofits to advance their missions and serve their communities. Our goal from day one has always been to meet the software needs of the full nonprofit sector, but to get there we needed to find the right financial partner. I am excited to have found a partner in ASG that believes in the value of serving nonprofits as strongly as I do. This new partnership equips Aplos to ramp up our team, fuel our product development, and invest in the future of this incredible community.” Tim Goetz, Aplos founder Aplos was founded in 2009 in Fresno, Calif. after Goetz couldn’t find a simple, affordable fund accounting software for his church, where he served as executive pastor. Since then, Aplos has grown to a team of over 65 employees who are deeply committed to making an impact with nonprofit organizations. From its initial launch as a web-based fund accounting software, Aplos now includes solutions for church management, donor management, event registration, websites, and fundraising. Today, over 10,000 organizations utilize Aplos to engage over 5 million donors and supporters around the world. Aplos marks the 44th acquisition for ASG and its first in the nonprofit software industry. Aplos will also welcome Anush Vinod as CEO, who was most recently an executive at a high-growth e-commerce business and a member of Alpine Investor’s CEO Program. “Aplos is an exceptional platform, built by innovators who care deeply about serving nonprofits and churches,” said Vinod. “The team’s passion to innovate for their customer is a worthy and inspiring mission. Nowhere is this mission more apparent than in the products, which carry the spirit of this relentless commitment to delivering great technology. For these reasons – and many more – I’m excited to lead Aplos in its next phase of growth.” About Aplos Aplos is a cloud-based system designed specially to serve the needs of nonprofit and church organizations of all sizes. The Aplos all-in-one platform takes the stress out of finances and creating reports, streamline administrative tasks, and make giving faster and more effective. Users can fundraise with the use of online donation tools, custom communication, donor database reports and event registration. Aplos enables organizations to manage all of their financial, donation and donor information in one place. About ASG ASG, backed by Alpine Investors, is a unique and fast-growing software business that buys and builds market-leading vertical SaaS companies. ASG believes deeply in the power of people and data to grow great organizations, and that sharing knowledge, expertise, and resources across its community of businesses drives exponential growth. Founders of leading SaaS companies continue to trust ASG to grow their businesses and build even stronger legacies for the future. About Alpine Investors Alpine Investors is a people-driven private equity firm that is committed to building enduring companies by working with, learning from, and developing exceptional people. Alpine specializes in investments in middle-market companies in the software and services industries. Its PeopleFirst strategy includes a CEO-in-Residence program which allows Alpine to bring proven leadership to situations where additional or new management is needed post-transaction. Alpine is currently investing out of its $2.25 billion eighth fund.

Read More

BDO updates guide to nonprofit financial statements

BDO USA, LLP | March 13, 2017

BDO USA has released the third edition of its guide to nonprofit financial reporting, updated to include the recent changes by the Financial Accounting Standards Board.

Read More

Novogradac & Company LLP Promotes Seven to Partner

Novogradac & Company LLP | January 02, 2017

Novogradac & Company LLP, a national accounting and consulting firm, welcomes Nat Eng, Chris Jones, Andrea Killeen and Angie Taylor of the San Francisco office; Rachel Denton of the Kansas City, Mo., office; Bryan Hung of the Long Beach, Calif., office; and Amanda Read of the Cleveland office to the partnership. The firm, which specializes in affordable housing, community development, historic preservation and renewable energy tax credits and other areas, has 56 partners in 25 offices nationwide “I am excited to announce that Amanda, Andrea, Angie, Bryan, Chris, Nat and Rachel have been promoted to partner,” said Michael Novogradac, the firm’s managing partner. “Their dedication to the firm and expertise in their respective fields has helped Novogradac & Company continue to be a leader in the tax credit, accounting and valuation industries, while continuing to find new ways to better serve our clients.”

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