April 7, 2020
This episode is specifically about the tools. So as you know, I think tools are, like you can't do it all in your head. So you need things outside of yourself to get your nonprofit going, to keep it sustainable, manageable, practical. And the 990 is one of those things. People underestimate what you can do with your 990. It is a tool. So because it is an information return, it is where a lot of funders are going to gain information about an organization, especially if you do not have your audited financial statements or any financial reports on your website. The 990 helps funders and helps outsiders understand what you're doing and it helps them compare you. I know I said last season we are not about comparison. We're not about competition, but comparisons are practical.
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March 31, 2020
The IRS wants you to highlight what's happening at the organization. So there's also a part on the form where you can talk about your activities and how much you're spending in each of the activities. So you're not just talking about ooh these people made this much money, but you're going to be able to say, listen here, you know the work we said we do, that food bank that we run this is how much money we put into it. So when you are unclear about how you're spending money, when your finances on the back end, or your financial statements are just not in order, it makes it a lot harder to reflect those priorities. Click here to read the full transcript.
March 24, 2020
This season. I want you to get a better understanding of the return and how it fits into the foundational pieces for a healthy nonprofit.
Those pieces being your mission, your priorities, your tools and storytelling. Click here to read the full transcript.
March 17, 2020
This season is all about the IRS form 990, an informational return for nonprofits. I want you to have a better understanding of the return and how it fits into the foundational pieces for a healthy nonprofit. Those pieces being mission, priorities, tools and storytelling.
For that reason, this season is brought to you by my DIY 990 clinic, which will be on April 21st at 9am MT. This clinic is for those of you who want to plan on filing your own 990 but want access to a CPA while working on the form. It's also for you if you want to set aside 90 minutes to work on the form so that you can continue to do your work in the community. Be sure to check out the link in our transcripts to learn more. What is the IRS 990? It is an informational return telling the IRS what your organization is doing yet allows for standardization across nonprofits in general. The IRS 990 is due five months and 15 days after the year end. So if you have a December 31 year-end that means yours is going to be due May 15. You can definitely file an extension.
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February 4, 2020
Something that I'm continuing to learn for myself, is you have to put it out there. If you have a nonprofit that you feel super overwhelmed with, one that you're like, "I don't even know if I should start this," start somewhere. Click here for the full transcript.
January 28, 2020
So here's part two about why your stories are important, and why the financials matter, and you should be looking at them. Click here for the full transcript.
January 21, 2020
We had a client who straight up lied to their board about the financials. So what happened was, they were not updating their financials, they were just like, "Yo, I know people paid us money. I think these numbers look good." And the board was just taking it. Click here to read the full transcript.
January 14, 2020
Today I want to talk with you about can a nonprofit make profit. Yes! While an organization might be called a nonprofit or a not for profit organization, it's not because you're not expecting to make any money. It's because that's not why you exist. Click here to read the full transcript.
January 7, 2020
This is another episode of me sharing a little bit more about tools that you can use. So a really good thing to have in place for your organizations are processes and procedures. This is important if something goes wrong. Click here to read the full transcript.
January 2, 2020
Today's episode is about my sharing some free tools that you can use to show your organization's impact. To read the full transcript, click here.