Finance

Financial practices in the nonprofit world are very different than those in the for-profit world, so we created a page dedicated solely to helping nonprofits learn about the many aspects of finance. This page is full of financial tools, guides, and resources to help you manage your nonprofit’s finances.

If you have any resources that you’d like to share with the nonprofit community, please email a brief description, and link or PDF to Melissa Harris.

 

IRS & Tax Forms

IRS Home Page

BoardSource has created a document that dissects the entire form 990 and explains how your governance is on the IRS radar screen.

What Do You Need to Know about Revocation of Tax-Exempt Status?

Policy Samples

IdeaEncore Network

Investment Policy Sample

Nonprofit Good Practice Guide

Other Legal Resources

Nonprofit Standard Mail – Eligibility & How To

Nonprofit Risk Management Center

 Financial Risk Management: A Guide for Nonprofit Executives: This book explores the topic of financial risk management for nonprofits. Subjects covered in this practical, how-to guide include financial accountability, fraud prevention and board-staff communication on financial management issues. Learn how to identify, measure and minimize risk to financial assets, while maximizing accountability to stakeholders.

The new Form 990 requires far more transparency and disclosures than its predecessor. The attached is focused on providing the tax-exempt organization with a valuable tool to complete the new Form 990 in the most effective and efficient manner possible.

National Community Tax Coalition

The National Community Tax Coalition (NCTC) is a project of the Center for Economic Progress. The NCTC is made up of more than 600 community tax preparation and asset-building organizations located throughout the U.S.

403b Retirement Plans

AICPA website (The American Institute of Certified Public Accounts) Employee Benefit Plan Audit Quality Center provides several resources on 403b plan compliance

Department of Labor (federal)

Internal Revenue Services

Financial Technological Resources

MANY nonprofit software and hardware needs can be purchased for a fraction of the cost at Tech Soup

Intuit, Inc. (ADD “Quickbooks”)

MIP Fund Accounting by Sage

Peachtree Software, Inc.

Blackbaud, Inc. "Financial Edge"

Cougar Mountain Software

CYMA Systems, Inc.

Mirasoft, Inc.

Fund E-Z Development Corp.

Finance Bookshelf

Saving Money in Nonprofit Organizations

 

Upcoming Trainings in Finance

 September 29 | 9 a.m. – 10:30 a.m. | CT Nonprofits, Hartford
Learn how you can protect your endowment and your organization from the madness of the markets, and from another Madoff. This session will focus on the different styles available for investing as well as how to invest in accordance with the fiduciary standards of the Uniform Prudent Investor Act.
Fee: $10; Register each additional guest for free | Code: HEF
Trainer: Jane Sullivan and David W. Sullivan, ChFC; Sullivan Financial, LLC
 
 October 4 | 9 a.m. – 12 p.m. | CT Nonprofits, Hartford
This workshop will discuss how to provide the board with meaningful internal financial statements throughout the year while at the same time keeping them informed as to any differences they will see with the audited financial statements at year end.
Members: $50; Nonmembers: $70. Register each additional guest for free | Code: TAF
Trainer: Dawn Bryant, Viola Chrabascz, Reynolds & Co. LLP
 
 October 21 and October 28 | 9:30 a.m. – 3:30 p.m. | University of Bridgeport, Waterbury
This two-day seminar will leave you with an understanding of the essentials of nonprofit bookkeeping and a Nonprofit Bookkeeping Certificate. Day one will include a thorough review of bookkeeping basics while day two will feature a QuickBooks working session with attendee participation. 
Fee: $240; Lunch included | Code: NB
Trainer: Robert Cappellucci, Integrated Accounting Solutions, LLC
 

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