Jitasa Nonprofit Blog

In-Kind Donations | Everything Your Nonprofit Should Know

Imagine: you’re driving down the highway on your way to work listening to the radio. One of your favorite songs comes on, so you crank up the volume. After the song ends, there’s a commercial for a nonprofit in your area with a boisterous spokesman who gives the following announcement: Your car could save a child’s life! Donate your car today and you could save a child like Timmy. Timmy is an 8-year-old boy who has been battling cancer for the last two years.

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Nonprofit Statement of Financial Position (or Balance Sheet)

There are several documents that nonprofits leverage to determine the best future financial decisions. Each one has a specific purpose and can provide important insights about your organization. The one that gives the most insight about the overall financial health of your nonprofit is known as the statement of financial position, AKA the nonprofit balance sheet. Your nonprofit accountant or accounting team has likely put one together in the past. If not, it’s time to get started!

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Nonprofit Statement of Cash Flows: Complete Guide + Example

Around 3 in every 5 Americans don't know how much they spent last month. Personal financial management is a challenge for the majority of people. But your nonprofit should have better management strategies to track and understand its own finances. Without effective financial management, nonprofits run the risk of misallocating their funds, potentially leading to poor program management, wasted resources, and non-compliance with funding guidelines. Good nonprofit accounting practices are therefore essential to managing a well-run nonprofit.

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3 Tips to Revitalize Your Direct Mail Marketing

Some organizations would have you believe that direct mail marketing is dead and gone, conquered by the rise of digital alternatives. While they may have a point about the power of social media and online advertising, any source that claims that there’s no use for direct mail should consider brushing up their own nonprofit marketing strategies. Yes, direct mail may seem out of date, but it continues to be a highly effective way for nonprofits to reach donors and build meaningful relationships with their supporters.

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Establishing a Nonprofit Chart of Accounts

Nonprofits view their accounting processes through an accountability lens rather than one based solely on profitability and revenue generation as used by the for-profit world. This is because they reinvest all funds back into their organization and mission. Plus, nonprofits need to allocate their expenses according to various restrictions and stipulations set by their generous contributors. Naturally, these factors mean nonprofits must leverage a number of systems and reports unique to the sector to keep their finances well organized.

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