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CHECKLIST: Simplified Balance Sheet Assessment
Balance sheets are part of standard nonprofit organization financial reporting, but are intimidating to most individuals and often misunderstood. This 3-step checklist uses easy-to-understand “Yes” or “No” questions to help you to work through a new balance sheet and make a quick assessment of an organization’s current financial position and changing financial health trends.
CHECKLIST: Steps to Forming a 501(c)(3) Nonprofit Organization
This checklist outlines 19 key steps that apply to most new organizations to form a nonprofit corporation, apply for 501(c)(3) status, and stay in compliance with the rules governing tax-exempt organizations. The steps covered include drafting governing Articles of Incorporation, Bylaws, and basic corporate policies; obtaining a tax ID number, submitting the Form 1023 or Form 1023-EZ; and more.
![GUIDE SHEET: Form 990, Page 6, Part VI, Section A - Governing Body and Management [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/1645627770981-4NE2PCKQLX5DJB6YBZXK/990+Resource+1.png)
GUIDE SHEET: Form 990, Page 6, Part VI, Section A - Governing Body and Management [SUBSCRIBERS-ONLY]
R. Michael Sorrells (CPA) and A. Michael Gellman (CPA, CGMA) jointly authored this guide sheet to provide insights and tips on this highly visible portion of the Form 990, which directly impacts perceptions of the quality of your nonprofit organization’s management and the integrity of its governance practices.
![TEMPLATE: 3-Month Rolling Budget [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/155123d1-883c-495d-9558-f39385027986/andres-dallimonti-kjqTlMHLci4-unsplash.jpg)
TEMPLATE: 3-Month Rolling Budget [SUBSCRIBERS-ONLY]
During periods of high growth or rapid expected and unexpected changes and disruption, this 3-Month Rolling Budget Template will be a useful planning tool to help your nonprofit organization strategize, pivot and change course, documenting your search for a sustainable and smooth path forward.
![TEMPLATE: Multi-Year Budget Financial Dashboard [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/7af9aba8-cf74-4d2a-90db-c53d81c47856/matt-noble-BpTMNN9JSmQ-unsplash.jpg)
TEMPLATE: Multi-Year Budget Financial Dashboard [SUBSCRIBERS-ONLY]
For evolution and change to be fully appreciated, nonprofit organizations need to include multi-year forecast budgets in financial reporting to show how the organization is evolving and how its programmatic goals and activities will be reflected in the future.
![CHECKLIST: Charity Auctions Done Right [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/16fe2e55-4530-46ff-b4ee-f2d8c1c88760/Canva+auction+photo.png)
CHECKLIST: Charity Auctions Done Right [SUBSCRIBERS-ONLY]
R. Michael Sorrells (CPA) and A. Michael Gellman (CPA, CGMA) jointly authored this checklist of key “Dos” and “Don’ts” to help your nonprofit optimize its charity auctions, run them efficiently and without unwanted hiccups, and be prepared to comply with key tax and legal requirements.
![EBOOK: Nonprofit Legal Basics Primer [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/4dd69115-399e-461e-a23f-20a65c6608b8/tsvetoslav-hristov-iJ-uantQb9I-unsplash.jpg)
EBOOK: Nonprofit Legal Basics Primer [SUBSCRIBERS-ONLY]
This 48-page primer provides an overview of the key areas of nonprofit law governing 501(c)(3) organizations, including federal tax law requirements, state nonprofit corporation and tax law, fundraising laws, and employment law basics. This primer is tailored for organizations that are incorporated and operated in the District of Columbia, but many of the subject areas are useful for organizations based in other states.
![EBOOK: Glossary of Financial and Accounting Terminology [SUBSCRIBERS-ONLY]](https://images.squarespace-cdn.com/content/v1/5e6ccadfb4659c1d51df14d5/b959c1f0-3087-4488-b5b7-07dd2272dcb7/joanna-kosinska-1_CMoFsPfso-unsplash.jpg)
EBOOK: Glossary of Financial and Accounting Terminology [SUBSCRIBERS-ONLY]
This 16-page reference provides basic definitions and explanations of key financial and accounting terminology relevant to nonprofit organizations, including terms and concepts related to general accounting principles, financial statements, budgets, tax-exempt status and Form 990, nonprofit policies and procedures, and audits, compliance, and governance.