Statement of Activities

A nonprofit’s statement of activities is very similar to a for-profit’s income statement, reformatted to highlight some of the differences between the two sectors. The biggest difference is the statement being organized into 3 categories – unrestricted, temporarily...

Finance Committee Responsibilities

Your board of directors has ultimate oversight over your organization and is responsible for long-term planning and ensuring the organization’s overall health. A significant component of this is your finances, which the board should have a committee dedicated to. The...

Succession Planning for Nonprofits

If you read the Leadership New England Report by TSNE MissionWorks, you may be wondering, “Where do I go from here? How do I plan for the day my executive director does finally retire?” Don’t wait until retirement is imminent. Get ahead of it and plan well in advance...

Leadership New England Report by TSNE MissionWorks

Another report published by TSNE MissionWorks is Leadership New England. It looks at trends in nonprofit executives planning to retire, how most organizations don’t have succession plans in place, and provides guidance for how to prepare for the coming sea change. As...