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...