Nonprofit Controls Ultimate Compilation Guide

| August 18, 2017

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According to the 2016 Global Fraud Study, published by the Association of Certified Fraud Examiners, the most prominent organizational weakness that contributed to fraud in its study was a lack of internal controls, which was cited in 29.3 percent of cases, followed by an override of existing internal controls, which contributed to just more than 20 percent of cases.Unfortunately, there are many nonprofits, particularly smaller organizations, that run an informal shop and don’t have prescribed controls in place.

Spotlight

The Museum of Modern Art

Founded in 1929 as an educational institution, The Museum of Modern Art (MoMA) in New York City, is dedicated to being the foremost museum of modern art in the world. Through the leadership of its Trustees and staff, The Museum of Modern Art manifests this commitment by establishing, preserving, and documenting a permanent collection of the highest order that reflects the vitality, complexity and unfolding patterns of modern and contemporary art; by presenting exhibitions and educational programs of unparalleled significance; by sustaining a library, archives, and conservation laboratory that are recognized as international centers of research; and by supporting scholarship and publications of preeminent intellectual merit.

OTHER ARTICLES

How to Support Nonprofits During Coronavirus

Article | March 12, 2020

Earlier this week, the World Health Organization finally declared the coronavirus outbreak a pandemic. There has been little support from the U.S. government to support local communities that are being heavily affected. Over 1 million K-12 students are impacted by closed schools. California, Oregon, and Washington have banned events with 250+ people. Other states will soon follow. Nonprofits that are already stretched thin are amongst those on the front lines of dealing with this crisis.

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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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7 thrilling non-profits that help veterans treat PTSD

Article | March 16, 2020

According to the Department of Veterans Affairs, 11-20% of veterans are diagnosed with symptoms of Post Traumatic Stress Disorder in a given year. More and more veterans seek treatment for PTSD in order to learn how to address their symptoms, improve positive thinking, learn ways to cope when symptoms arise and treat problems related to trauma such as depression and anxiety or misuse of alcohol or drugs. We are fortunate to be living in a time when America "supports the troops" and encourages the identification and treatment of invisible wounds. In addition to increased efforts by the Department of Veterans Affairs to treat PTSD, there are many veteran non-profit organizations who step in to help. The treatments and opportunities are far-reaching and varied, including offering psychotherapy or meditation classes.

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How Your Nonprofit Can Transition To Virtual Fundraising

Article | April 20, 2020

The coronavirus has been disruptive, to say the least. Not to pile on more bad news, but add in the risk of a recession and a spike in unemployment, at this time even the most organized nonprofit fundraising professionals are grappling with how to move forward. We don’t know when self-quarantining will be over but we do know that with the lockdown extended to the end of April (for now), nonprofits are going to have to change up their fundraising plans. Long story short, any kind of in-person fundraising (galas, breakfasts, runs/races, etc) is going to get scrapped. But, you still need to meet your fundraising needs. To navigate these uneasy times, the only solution is to embrace a comprehensive digital fundraising strategy immediately.

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Spotlight

The Museum of Modern Art

Founded in 1929 as an educational institution, The Museum of Modern Art (MoMA) in New York City, is dedicated to being the foremost museum of modern art in the world. Through the leadership of its Trustees and staff, The Museum of Modern Art manifests this commitment by establishing, preserving, and documenting a permanent collection of the highest order that reflects the vitality, complexity and unfolding patterns of modern and contemporary art; by presenting exhibitions and educational programs of unparalleled significance; by sustaining a library, archives, and conservation laboratory that are recognized as international centers of research; and by supporting scholarship and publications of preeminent intellectual merit.

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