Legacy Professionals News
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Do your not-for-profit’s accounting processes work perfectly — with no errors, delays or other inefficiencies? If yours is like most organizations, probably not. But if
- Nonprofit Updates
To control your not-for-profit’s expenses and improve operating efficiency, you need to keep an eye on the numbers. This should come as no surprise. But
- Nonprofit Updates
Unless 501(c)(3) organizations prove they’re publicly supported, the IRS assumes they’re private foundations. The distinction is important, because publicly supported charities enjoy higher tax-deductible donation
- Nonprofit Updates, Tax Info
Because most not-for-profit board members serve voluntarily, you may not have known compensating them was an option. But depending on the type of organization, the
- Nonprofit Updates
People give to charity for many reasons — to “make a difference” or “give back,” to reduce their tax burden and even to impress their
- Nonprofit Updates
Fall is here and many not-for-profits are starting to think about their 2023 budgets. If your budget process is on autopilot, you might want to
- Nonprofit Updates
Does your board have a quick and easy way to assess your not-for-profit’s financial performance? It does if it has a dashboard with carefully chosen
- Nonprofit Updates
Not-for-profits that rely on a single income source, or only a few, are vulnerable to economic shocks. The COVID-19 pandemic has made this particularly clear.
- Nonprofit Updates
To meet the increased demand for outsourced accounting services, we’ve expanded our team. We are poised to take on new clients in the client services
- Nonprofit Updates
Quid pro quo donations occur when a not-for-profit receives a payment that includes a contribution and the organization provides the donor with goods or services
- Nonprofit Updates, Tax Info
According to a 2021 Independent Sector survey, 57% of Americans trust not-for-profits to “do what is right.” Although that’s a majority, being trusted by just
- Nonprofit Updates
When a nonprofit is new, it may struggle to find an adequate number of board members. But as it grows, its board is also likely
- Nonprofit Updates
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