IRS Issues Advice for the Tax Exempt

IRS Issues Advice for the Tax Exempt

If you’re planning to enter the world of tax-exempt organizations, you first need to understand what a tax-exempt organization actually is. According to the IRS, the organization must fall into one of the following categories: charitable, religious, educational,...
Dr. Terry Clower Published in Washington Business Journal, “The D.C. Region’s Choice: Economic Competitiveness or Perpetual Mediocrity”?

Dr. Terry Clower Published in Washington Business Journal, “The D.C. Region’s Choice: Economic Competitiveness or Perpetual Mediocrity”?

Last week, Dr. Terry Clower was guest speaker for MCB’s annual Economic Outlook event, where he shared insights on the state of our national and local economies. MCB has sponsored the Economic Outlook event with Dr. Clower in January for the past 10 years. Also...
Restricted Fund Management for Nonprofits

Restricted Fund Management for Nonprofits

You get a large donation from a well-heeled graduate who wants it to be used for a new science building. This is just one example of money with strings attached that nonprofits need to manage appropriately. But allowing donors to have input in the use of financial...
Budgeting at Your Nonprofit

Budgeting at Your Nonprofit

A budget is a planning tool that reflects an organization’s programs, mission and strategic plan. The process should begin at least three, maybe even four months before the end of your nonprofit’s fiscal year — you need enough time for the budget to be...
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