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GuideStar Blog

Sarah Avery

Recent Posts by Sarah Avery:

Accounting and Reporting Considerations for Online Contributions


According to a recent study published by Nonprofit Technology Network, despite the continued economic slump, contributions raised by nonprofit organizations through online fundraising activities continue to increase.

With expanding social media and technology applications for fundraising, nonprofits need to keep in mind the special considerations of accounting and reporting. The nonprofit organization should have a documented system of internal control for online contributions to ensure that all contributions to which the organization is entitled are captured and recorded in the accounting system.

The Gift Acceptance Policy: What Is It, and Why Does Your Organization Need It?

Adopting, implementing, and monitoring sound governance policies to accomplish an organization's mission continue to be at the forefront of issues of concern to the nonprofit community. Even implementing the most basic policies encourages operational and managerial efficiency.

The IRS View of Nonprofit Governance

With recent substantial changes to Form 990, the Internal Revenue Service has taken the position that good governance is of paramount importance to nonprofit organizations. Its Tax Exempt and Government Entities Division (TE/GE) has identified what constitutes good governance—an engaged, informed, and independent board; defined policies and practices; and transparency—and is focusing agency resources on enforcement of compliance with these standards.

Ensuring a Smooth Annual Audit

Reprinted from Nonprofit Advisor