As nonprofits plan for growth in a struggling economy, they must
take a careful approach to change. Failing to do so could result in
a loss of donors, a missed opportunity in structuring their boards,
or the potential misuse of social media.
As nonprofits look to grow, it is critical that they not lose sight
of the key resources and assets that they already have in place. It
would be a real shame to lose something of value in your efforts to
grow the organization.
Smart Business spoke with...
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Some restaurants are re-sizing their portions' sizes due to the
economy. When the IRS updated the Form 990 in 2008, they
designed it to re-size itself through 2010 – effectively having it
apply to more nonprofit organizations each year.
The Form 990 EZ is a smaller version of the 990 (think of a
kid’s meal vs. a double burger deluxe). Initially,
organizations with under a $1 million in revenue and under $2.5
million in assets could file the EZ. In 2009, the threshold
dropped to $500,000 in...
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The
original ‘milestones’ in ancient times often had no markings of
distance or location on them. Today, we use the term in
contractual agreements of various sorts, often with very detailed
definitions of what it means to reach a milestone. Research
and development projects often include required milestones that
must be met; until recently, the existing guidance was subject to
interpretation. The Financial Accounting Standards Board
(FASB) has recently issued guidance as it relates to...
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