Nonprofit Fund Accounting: Difference Between a Fund and Program

In previous topics on nonprofit fund accounting we explained why nonprofits need to use fund accounting and its importance in presenting their financial statements. There is a lot of confusion as to what should be classified as a fund, and what should be classified as a program, or functional area when setting up your nonprofit accounting system. With the new FASB regulations for nonprofit financial statement presentation, there are only two types of funds, or net assets.

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Son's of The American Legion Detachment of Michigan

The Son's of The American Legion was chartered by the American Legion in 1932 to provide the sons of war veterans an environment to learn their father's values. Since then the SAL has become a major support group for all veterans and their families.

OTHER VIDEOS

SmartSuite for Non Profits

video | July 5, 2023

SmartSuite can help you manage your non-profit organization, including program development, donor relationship management, volunteer management, board meetings, and expense tracking. You can use SmartSuite to: Track programs and tasks Manage donations and donors Track volunteers and events Manage board meetings and resolutions Track expenses and initiatives ...

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Peer-to-Peer Fundraising: A Step-by-Step Guide to Setting up Your Personal Fundraising Page

video | July 21, 2023

If you have been invited, or inspired, to fundraise for your favorite nonprofit’s Donorbox Peer-to-Peer Fundraiser campaign, here’s an easy reference, step-by-step guide to setting up a personal peer-to-peer fundraising page for your nonprofit organization. Donorbox’s Peer-to-Peer Fundraising is really simple to use. Every invited fundraiser, like you, can easily create a personal fundraising page dedicated to their chosen cause and raise donations independently....

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Nonprofit Virtual Assistant

video | May 25, 2023

Discover how the Nonprofit Virtual Assistant enables nonprofit organizations to take advantage of the advanced language capabilities of OpenAI to simplify internal workflows and deepen their connection with their communities, patrons, donors, and stakeholders more effectively than ever before....

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Engage communities with integrated text capabilities in your nonprofit CRM

video | April 20, 2023

Expand your outreach to donors, volunteers and other stakeholders through texting. LiveImpact helps you reach and engage more supporters with our deeply integrated texting features....

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Spotlight

Son's of The American Legion Detachment of Michigan

The Son's of The American Legion was chartered by the American Legion in 1932 to provide the sons of war veterans an environment to learn their father's values. Since then the SAL has become a major support group for all veterans and their families.

Events