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PPP Legislative Update – Great News for Nonprofits & Small Businesses!

Blue Fox

Here's a brief summary of the changes from the National Law Review. We also put together an easy-to-read #foxtastic chart of the major updates below. The Paycheck Protection Program Flexibility Act eases restrictions on how nonprofits and small businesses can spend their PPP funds.

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Statement of Activities: Common Mistakes and How to Avoid Them

sgEngage

Ensuring compliance and accuracy in your financial reporting involves several key actions: Regularly review the latest guidelines and summaries provided by authoritative bodies on revenue recognition of grants and contracts. How to Avoid: Organizations should consider adopting the Unified Chart of Accounts for Nonprofits (UCOA).

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How To Write a Grant Proposal: Guide + Templates

Qgiv

It serves as your voice when grant funders are reviewing proposals, and it can decide whether you secure the grant or not. Cover letter: Your cover letter is the first impression you make on the grant review committee. Include big accomplishments and details that will help persuade the reviewers of the success of your work.

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The Essential Nonprofit Annual Report Template & Full Guide

Bloomerang

Review these strategies for keeping your report centered on your supporter community: Consider your audience. They value and appreciate a book-style annual report with detailed stories, infographics, and charts. Charts, graphs, and prominently-displayed statistics help draw attention to the most important aspects of the postcard.

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Using Data to Improve Health Policies and Outcomes

Forum One

While some people can easily interpret charts and graphs, others would rather read words. On the County Health Rankings & Roadmaps platform, for example, there is a summary page for each county. It is best to provide users with both so they can learn in the manner that is easiest for them.

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The Benefits of One Story: Communicating Financial Information to Your Nonprofit Board

sgEngage

Board members are busy, and they may not have time to review the material closely beforehand. Provide the same reports each meeting, but with timely highlights, callouts, and summary statements to focus on what board members need to know right now. Be Consistent With repetition comes understanding.

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Treasurers of All-Volunteer Organizations: Eight Key Responsibilities

Blue Avocado

Go to the Unified Registration Statement (URS) website for a summary of state-by-state requirements to determine if you must register as a charity, provide a copy of IRS Form 990, have a CPA audit or review, and whether the state accepts the streamlined URS application. Reviewing last year’s budget is a key part of the process.