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Nonprofit Net Assets: What They Are and Why They Matter

WebIn a nonprofit context, “net assets” and “equity” refer to the same concept: the amount of available financial resources under the organization’s control. Your nonprofit’s …

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URL: https://www.jitasagroup.com/jitasa_nonprofit_blog/nonprofit-net-assets/

Statement of Functional Expenses: A Complete Nonprofit Guide

WebThe statement of functional expenses is a much more comprehensive breakdown of your nonprofit’s expenditures. Here is an example of what the report might …

Category: Health Go Health

Understanding Nonprofit NTEE Codes: A Comprehensive Guide

WebSimilarly, tax exemptions, a critical aspect of nonprofit financial health, are contingent upon the organization's alignment with certain mission-based criteria. …

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Nonprofit Financial Ratios: Definitions and Calculators

WebNonprofit Working Capital Ratio. The working capital ratio is often used by for-profit and nonprofit organizations alike to measure the short-term financial health of the …

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What Is a Nonprofit Audit

WebA nonprofit audit is a comprehensive review of an organization’s records, reports, transactions, policies, and procedures. When a nonprofit audit is conducted by …

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Nonprofit Accounting Course

WebOur nonprofit accounting course is specifically designed for those looking to gain a deep understanding of nonprofit accounting principles and practices. The curriculum covers a …

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How to Prepare to Present Your Nonprofit Financials to Your Board

WebPlan your approach: Prior to your board meeting, plan in detail what you would like to discuss and focus on the goals you wish to achieve. Writing an outline or story …

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What is nonprofit journalism

WebKaiser Health News was a finalist for investigative reporting on a predatory bill collection practice by the University of Virginia Health System. Overall, many more …

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Understanding and Applying GAAP for Nonprofits: FAQ Guide

WebIt breaks down your assets, liabilities, and net assets to provide a snapshot of your organization’s financial health, which is especially useful if you’re planning for …

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Comprehensive guide for nonprofit statement of activities.

WebIn the broadest sense, the answer is no. The nonprofit statement of activities and the income statement are two different terms that refer to the same report. The only …

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Nonprofit Accounting: A Guide to Basics and Best Practices

Web3. Best Practices for Nonprofit Accounting. While your nonprofit bookkeeper records day-to-day financial information for your organization, your nonprofit accountant …

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Nonprofit Chart of Accounts: How to Get Started + Example

WebNonprofit Chart of Accounts Example. The Unified Chart of Accounts (UCOA) is a standardized nonprofit chart of accounts that aligns with the Form 990 reporting …

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Grant Management: How to Secure and Track Nonprofit Funding

WebGrant management is the process of securing, tracking, and reporting grant funding awarded to a nonprofit by a government agency, private or public foundation, or …

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Nonprofit Financial Statements: 4 Essential Reports to Know

WebSince each of these core financial statements provides a different way to visualize the data you’ve collected, you can glean unique insights about your …

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Nonprofit Bookkeeping & Accounting Services Jitasa Group

WebNonprofit Bookkeeping Services. Nonprofit bookkeeping is the process of tracking your organization’s day-to-day transactions. With a solid bookkeeping system, your nonprofit …

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Nonprofit Budgeting: Understand the Basics Jitasa Group

WebCapital budget: This budget projects the expenses and revenue associated with multi-year, long-term projects. It tends to cover your nonprofit’s capital campaigns …

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In-Kind Donations: The Ultimate Guide + How to Get Started

WebThe full Form 990, Form 990-EZ, and Form 990-PF all require your nonprofit to report your total revenue for the year, including the credit values of in-kind donations. …

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Fund Accounting 101: The Basics and Best Practices

WebFund accounting is a system of accounting used to track the amount of money allocated to various operations at an organization. It’s a system designed to …

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Restricted Funds: What Are They

WebPermanently restricted funds are assets given to a nonprofit organization that are not to be spent directly on various projects or initiatives. These funds are instead …

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Form 1099 for Nonprofits: How and Why to Issue One

WebHere is a breakdown of the fines for filing each required 1099 late: $30 penalty for filing up to 30 days late. $60 penalty for filing more than 30 days late and …

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