Author Archives: Carri Corbett

Credit Card Scams Target Nonprofits, Too

Last fall, retail giant Target was affected by a major data breach that involved millions of customer credit and debit card holders. While most fraudsters probably aren’t rushing to make a donation to their favorite nonprofit, it may surprise you … read more >

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Why Good People Do Bad Things

When fraud occurs, it is often assumed that the perpetrator will be easily identifiable as an unethical person. Indeed, many organizations’ fraud prevention tactics utilize interviews and background checks during the hiring process, as well as ongoing feedback and interaction … read more >

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Refresher on Good Nonprofit Governance Practices

The IRS believes well-governed nonprofit organizations are likely to be more compliant with tax laws, safeguard charitable assets, and serve charitable interests. As nonprofit organizations come under increased scrutiny by the public and the IRS, governance practices and policies are … read more >

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Constructing an Effective Cost Allocation Plan

Cost allocation is important because, when it’s done accurately and consistently, it can provide a realistic picture of what expense is required to run a program. Another important function is to assist users of your organization’s financial information to make … read more >

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Essential Cash Internal Controls for Small Nonprofit Organizations

If your nonprofit organization has just a handful of employees (or maybe only one!), developing appropriate internal controls for cash and bank accounts are critical for maintaining the security of your organization’s funds. Below are some recommended processes to help reduce opportunity … read more >

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