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" helping nonprofits to grow "About
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http://clearlearngrants.com/about/
Clear Learn Grants serves as a source of grants and funding for 501c3 and nonprofit organizations. This website was
launched in 2015 and we will be adding grants on a weekly basis.
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Floyd Green, CPA site is managed by Floyd Green CPA. Floyd Green CPA provides 501c3 setup, form 1023 filing and form
990 preparation services. More information on Floyd Green’s 501c3 services can be found at fgfservices.com
Tips for Organizing Nonprofit Financial Records
Floyd Green Financial Services via birch.mypinpointe.com
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Filed Under: All Articles, Form 990
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Floyd Green CPA PC provides the 2
following 501c3 services: 501c3 setup, Form 1023 Preparation and Form 990 Filing. Our CPA firm has served over 4,000 small businesses and nonprofits organizations.You can call us at 877-457-2550.
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http://clearlearngrants.com/tips-for-organizing-nonprofit-financial-records/
Tips for Organizing Nonprofit Financial Records
November 16, 2015 By Admin
The following simple tips will help you organize your nonprofit’s financial records at the end of the year. Some of the tips will also help you properly maintain and keep track of the financial records for the following reporting year.
When putting the nonprofit’s financials together, the first question is “where do I start”? If you are a small operating nonprofit corporation and don’t have established accounting software, you can start with summarizing the information from the bank statements:
1.Organize Your Bank Statements. Bank Statements will help you extract the numbers you need to work on your
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nonprofit financial statements – Profit & Loss Statement and Balance Sheet.
2. Next step will be to create an excel spreadsheet/table with the following information:
Gross Revenues; Expenses; on a monthly basis
Please see a sample below:
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You can modify the revenues and expenses categories and make them applicable for your nonprofit. Please include categories that are clear and it will make sense for somebody who doesn’t know what your organization is doing, e.g. avoid using acronyms, spell out the whole revenue and expense name.
The goal is to add the financial information in
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the table and to have a very good picture of the financial transactions that the nonprofit did during the year.
3. Unfortunately, the bank statements won’t bring any information on non-cash donations/in-kind donations. For that reason, some nonprofits keep copies of all receipts for donation they provide to their donors; take photos of those donations and so on. If you look at the table once again, there is a line in the Gross Revenues Section for you to add those in-kind donations. Try to come up with an approximate value of all in-kind donations your nonprofit received for the reported period.
4. Tip for next year! Update the information in the table above as often as possible. The more often you update the table, the easier it will be at the end of the period to summarize the financial information and create financial statements. Some organizations prepare them on an annual basis, others prepare quarterly financial statements and/or semi-annual.
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5. If your nonprofit organization has already set up accounting software, please make sure you add all the transactions. Missing a transaction won’t make numbers balance at the end. Our advice is to add the transactions regularly, as they occur. Adding everything at the very last moment is always overwhelming. Once transactions are inputted – the software generates the financial reports – Profit & Loss Statement and Balance Sheet.
6. Create a list of all contributors who donated more than $5,000 or paid more than $5,000 for your organization’s services. The list should consist of their names, mailing addresses and exact amounts donated with the date;
7. Make a list with Board of Directors’ contributions – name and exact amount donated.
8. Write down if you made a donation equal to or greater than $5,000 to any one person or organization. You need to include the name of person or organization that received the donation, address, dollar amount, date of donation and indicate whether the donor was a 501c3 public charity; private foundation or for-profit business.
9. Tip for next year! Keep an updated list of all Board
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members that served on the organization’s board during the year. F990 requires the nonprofit organization to include the names, mailing addresses, working hours, compensation and benefits of all board members who served on the Board for the reported year.
10. Make a summary of your nonprofit’s accomplishments. What were your accomplishments? Write down all the achievements you think are significant and make your nonprofit stand out in the community. The more statistical data you provide the better. For instance: the nonprofit organized 3 workshops for approximately 50 kids from Metro Atlanta, GA community teaching them how to become productive members of the society and ways of boosting their self-esteem.
Keeping and maintaining good financial records is essential, as the tax returns are open for the public. Everyone who is interested in your charitable cause can request a copy of your nonprofit tax return. Well-organized financials, significant achievements and a clear mission statement make the first good impression on the great exempt purpose and services your nonprofit provides to the community.
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http://clearlearngrants.com/facebook-ad-credits-for-nonprofits/
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• Unwavering belief that all persons can excel
helping nonprofits to grow "
Facebook Ad-Credits For NonprofitsNovember 9, 2015 By Admin
ActionSprout is a company whose focus is to support nonprofits with using
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Facebook more efficiently. ActionSprout has been in active collaboration with
Facebook on how they can better help nonprofit organizations.
The company, with Facebook’s support, will distribute $2 million in Facebook ad-
credits to approximately 2,000 nonprofit organizations between December, 2015
and February, 2016.
501(c)(3) approved organizations may submit their applications through November
15, 2015.
Charities are eligible to receive ad-credits between $600 and $1,500 during this
Holiday season. In order to be eligible to apply, all nonprofits must set up a free
ActionSprout account.
Charities may use this linkhttps://adcredits.actionsprout.com/r/UmQyRnC4Rw to
apply.
According to the company’s CEO and Co-Founder Drew Bernard, smaller
nonprofits that might be new to Facebook ads have better chances in being
awarded with ad-credits. ActionSprout has hopes that this award campaign will
help charities post on Facebook more efficiently with better content.
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Filed Under: All Articles, Grants
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Floyd, Thanks so much for Sharing and Caring!!
• Unwavering belief that all persons can excel
" helping nonprofits to grow "
http://clearlearngrants.com/fundraiser-ideas/
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Fundraiser IdeasNovember 9, 2015 By Admin
It’s a well-known fact that managing a nonprofit takes a lot of effort and time. Continuous search for funding contributes to the stress of operating a 501c3 organization. Sending standard donation requests, launching social media campaigns, and applying for grants are great efforts; however, running basic fundraisers a few times a year has proved to be a very effective and fun way to raise funds.
Fundraisers can be as simple or as complex as your creativity allows you.
Many charities have implemented hundreds of ways to raise funds in a short period
of time. We hand-selected 15 fun and fresh fundraiser ideas which are generally
successful for local charities as they usually attract attention of the community.
– Buy a Meal.Have volunteers cook or bake something to sell;
– Smoothie/Coffee Stand.A fresh alternative to a lemonade stand;
– Bingo Night.Charge a participation fee and have prizes donated;
– Used Treasures.Collect items from donors to be sold at a community yard sale;
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– Parents Night Out.Babysitting services for a donation;
– Say “No” to Prom Dress.Have school students donate the money they would’ve spent on a prom;
– Special Shirts.Design and sell t-shirts that represent your cause;
– Golf Event.Charge a participation fee and have donated prizes to give away to the winners;
– Bagger at a Store.Partner with grocery stores during their busiest times to offer bagging services for
a tip;
– Bakeoff Bake Sale.Not only you get to sell sweet delicious goods, you add the competition to the
plate;
– Car Detailing.Partner with car washes and do car detailing for a donation;
– Doggie Wash.
There are plenty of owners of four-legged friends that would love such a
fundraiser;
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– Arts and Crafts Festival.Have your community contribute their hobby items for sale;
– Family Competitions.Have families pay an entry fee for them to compete against each other in athletic
and intellectual contests;
– Roller-thon.
Have your participants roller-skate a 5k-run for an entry fee.
All above mentioned fundraisers are low cost and can easily be done with the help
of volunteers. Running a few fundraisers will be a worthy contribution to your
annual funds.
It’s time to roll your sleeves and get busy!
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