I have been the treasurer for my church for the better part of 10 years. It is an important job but one that requires a certain amount of specialized knowledge to do it properly which makes it very difficult to ever move out of the position. Having a firm like OSA&C to step in and do the detailed work allows our church finance committee to focus on making the decisions that are best for the church and not be concerned with the details of the books. What a relief!
William S. Hart, CFP, MBA
Retirement Strategies, Inc.
Nonprofit organizations are generally the recipients of donated funds and are expected to be good stewards of the money and goods entrusted to them. Some charities are also distributors of those funds and goods, benefitting individuals and organizations as they conduct their ministries. For these institutions, establishing and following a defined benevolence policy is especially […]
Of course you appreciate your donors – they’re your lifeblood, helping your ministry thrive. While most donors expect to receive the perfunctory form thank-you letter, which acknowledges their gift(s) and supports their tax deduction, why not make them feel extra special? At your next board meeting, ask board members to help make your organization shine […]
Earlier this year the IRS released its report on tax-exempt colleges and universities, documenting cases of unreported or underreported unrelated business income. The findings should be noted by most nonprofits. According to the report, 90% of the colleges and universities studied showed increases in unrelated business taxable income. Reporting on unrelated business income has been […]
