Nonprofit Everything

Hooray! Another Nonprofit 101 question! Is your IRS determination letter enough to not have to pay sales tax? Andy actually knows that one. This week we also find out what to do when a Board Chair won’t stand up to the scary Gala committee, and learn the difference between a sponsorship and a donation. We also discover both Stacey and Andy’s least favorite grant application question! Topics: Is having a 501(c)3 enough to not have to pay sales tax – 0:00 Our Board Chair won’t stand up to the Gala Committee. Help! – 6:23 What’s the best way to answer “prove this program is sustainable” on a grant application?- 14:07 What’s the difference between a Sponsorship and a Donation?- 20:16 : Episode Sponsor: Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution. Mentioned this week: The Alliance for Nevada Nonprofits Ask us a question

This week Stacey and Andy discuss whether a board members need organizational email addresses and we talk about what to do when your board treasurer resigns. Finally, Stacey asks guest expert Jessica Sayles from Houldsworth Russo how to value a sponsor’s banner at an event (as well as several other accounting questions that have been disturbing her sleep!) Topics: Should our Board Members have organizational email addresses? 0:00 How do we value a sponsor’s banner at an event? With Jessica Sayles from Houldsworth Russo – 7:12 Help! Our treasurer resigned! – 25:10 Episode Sponsor: Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution. Mentioned this week: IRS Publication 1771 (pdf) IRS Publication 589 (pdf) Houldsworth Russo Lease Recognition for Nonprofits The Alliance for Nevada Nonprofits Ask us a question

What happens when you just need $75,000 more? Stacey knows. Returning genius and HR expert Mary Beth Hartleb tells us whether there’s such a thing as a verbal resignation, and we answer the age-old question, “Do we need an Executive Director or a CEO?” Topics: Help! We’re $75,000 short! 0:00 Is there such a thing as a “verbal resignation?” With Mary Beth Hartleb from Prism GMG – 8:18 Should our top executive be an Executive Director or CEO? – 26:03 Episode Sponsor: Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution. Mentioned this week: Program Related Investments Prism GMG The Alliance for Nevada Nonprofits Ask us a question

An extra special double expert episode! Amy Hunter from The Simmons Group explains what you need to know when your nonprofit grows to 15 employees, and Karen Senger from the Community Foundation of Western Nevada gives us advice on how to get past a foundation gatekeeper! Topics: Are there laws we need to know if we grow past 15 employees? With Amy Hunter from the Simmons Group – 0:00 How do you get past a foundation gatekeeper? With Karen Senger from the Community Foundation of Western Nevada – 13:14 Episode Sponsor: Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution. Mentioned this week: The Simmons Group U.S. Department of Labor Community Foundation of Western Nevada The Alliance for Nevada Nonprofits Ask us a question

Does a transaction fee count as a donation? How do you plan for your own succession? Do we start a bidding war with event sponsors? Can a donor specify a specific recipient? How do we maximize a happy hour event? Stacey and Andy answer all these questions and more! Topics: Does a transaction fee count as a donation? – 0:00 How do you plan for your own succession? – 3:21 Which event sponsor should we choose? – 12:25 Can a donor specify the recipient? What if the donation is a car? – 18:11 How do we maximize a happy hour event? – 23:54 Episode Sponsor: Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution. Mentioned this week: The Alliance for Nevada Nonprofits Ask us a question

This week is jam packed! How do you find companies who match their employee’s gifts? Andy shares a secret! We get advice on how to respond to another organization that really loved your event and wants to copy it, whether or not you should change your nonprofit’s name, and whether or not you can invest your reserve fund. Also, Stacey has tips on what to do if you keep losing new board members, and we find out who exactly can approve a financial report. Topics: Who matches gifts? – 0:00 Someone wants to copy our event! – 4:14 Should we change our name? – 7:27 Can we invest our reserve fund? – 12:47 We keep losing new board members! – 18:22 Who can approve the financial report? – 23:18 Episode Sponsor: Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution. Mentioned this week: The Alliance for Nevada Nonprofits Ask us a question

This week we get an update on Nevada’s Big Give, and Andy and Stacey share one thing they wish they knew before entering the nonprofit sector. We find out what to do if your board asks to see staff performance reviews, and whether or not it’s a good idea to outsource your organization’s finance function. Topics: What’s up with Nevada’s Big Give? – 0:00 One thing you wish you knew before working for a nonprofit – 3:36 What if the board wants to see performance reviews? – 11:43 Should we outsource our finance function? – 19:07 Episode Sponsor: Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution. Mentioned this week: The Alliance for Nevada Nonprofits Nevada’s Big Give Ask us a question

Seriously, join ANN right now while it’s half off. This week Stacey and Andy answer three Nonprofit 101 questions. We find out whether or not nonprofits can actually make a profit, Stacey shares the best way for a new nonprofit to start fundraising, and Andy completely misses the point and gets all the way into the weeds with an accounting question. Also, join ANN now! Topics: Can a nonprofit make a profit? – 0:00 What does everybody else need to know about accounting and finance? – 6:00 How should a small nonprofit raise money? – 22:50 Episode Sponsor: Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution. Mentioned this week: The Alliance for Nevada Nonprofits The case for Not-a-Galas Ask us a question

One of our vehicles got stolen – how do we tell our donors? Stacey has an idea. This week we tackle the classic question “Do pledges count against our fundraising budget?” Stacey and Andy have differing views on the importance of dressing for a job interview (btw, Andy’s probably wrong), and we offer the 2019 version of silent auction dos and don’ts! Topics: Crafting messaging around a stolen vehicle – 0:00 Counting pledges against the budget – 6:31 Silent auction tips, 2019 version – 16:34 Job interview attire – 22:48 Episode Sponsor: Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution. Mentioned this week: The Alliance for Nevada Nonprofits Ask us a question

A special episode on Silo Breaking! How do you break down silos within an organization? And how do you break down silos between organizations with similar or complementary missions? Stacy and Andy have solutions, including org charts, networking, and that annoying co-worker who wants to show you pictures of his kids. Topics: Breaking down silos – 0:00 Episode Sponsor: Today’s episode is sponsored by Brenda J. Stout, CPA, a full-service accounting firm specializing in Nonprofit Tax Compliance and IRS Problem Resolution. Mentioned this week: The Alliance for Nevada Nonprofits Ask us a question