A nonprofit can function with a small staff, outdated computer system and limited marketing budget, but it can’t run without a good nonprofit fund accounting system. Whether it is “off the shelf” product or a completely customized the accounting package is what keeps the organization running.
Over the last 10 years, there have been many fantastic money raising advances due to online fundraising. But the greatest advance of all is the creation of crowdfunding websites. Specifically, there are a number of different crowdfunding sites designed for nonprofits that can really help them raise money for their cause.
Unlike public companies, nonprofit organizations aren’t legally required to complete an annual financial audit. They don’t need to demonstrate to shareholders and government entities that their finances are in order. There are a few reasons, however, that nonprofits should conduct audits of their financial operations.
If you think that a nonprofit has nothing a cyber criminal would be interested in you are mistaken. Don’t be lulled into a false sense of security by thinking that if you don’t accept online payments that you are safe. Credit card information is only piece of data that cyber criminals find useful.
The Gideons International is a nonprofit ministry, based in Nashville, Tennessee. Founded in 1899, the organization boasts 300,000 members focused on sharing their experiences while distributing Bibles and New Testaments around the world. Today, The Gideons International distributes more than one million copies every four days, which can be found printed in over 90 languages.