You want to demonstrate your commitment to financial transparency. By publishing an independent audit report on your nonprofit website and providing the report to anyone who requests it, you’ll be assuring your donors and the public that your financial practices meet accepted standards — for handling contributions, for instance. Many public and private foundations — […]
Tag: nonprofit management
How to Manage Payroll When Weather Shuts You Down
Hurricane Petunia is barreling down the coast. The weather report features the pending “Snowpocalypse”. Whatever the weather, your nonprofit will need to cope with related closures at some point. Many nonprofit organizers question whether they are required to pay employees if Mother Nature forces closure for the day. Salaried versus Hourly Employees Under federal law, […]
Nonprofits & Contractors: What You Need to Know
The most important first step to working with independent contractors is to understand how they differ from your employees. An independent contractor is an individual who performs services or work for your firm but also may perform similar services elsewhere. They are not employees of your nonprofit, and you are not responsible for paying their […]
Ending Someone’s Employment at a Nonprofit
Termination is never the best part of a manager’s job, especially at a nonprofit organization. Many of them are small and tightly knit, with a volunteer board and employees who have a commitment to a cause. So even if the employee is so incompetent that it is a do-or-die situation, the act of firing an […]
Setting Payroll for Nonprofit Organizations
Payroll for nonprofits adheres to principles that apply to employees and executives. First, nonprofits must consider payroll classifications. Do you hire direct employees or independent contractors? Ninety-five percent of the time, organizations hire employees. Second, nonprofits also should consider how much savings they will experience if they don’t have to cover payroll taxes. This, however, […]