January 10th, 2008
An organization (whether for-profit or nonprofit), if it wants to continue in operation, must maintain a mindset which strives to be profitable –i.e., revenues exceeding expenses and cash inflows exceeding cash outflows.
The particular items, to which the nonprofit organization’s principals and managers must pay particular attention, include:
In the Balance Sheet
Donations and Contributions Receivable
Inventory […]
By ren -- 0 comments
January 9th, 2008
Like any other organization (whether for-profit or nonprofit) which intends to be viable over the long term, a nonprofit organization has to maintain a mindset which strives to be profitable –i.e., revenues exceeding expenses. Otherwise, the nonprofit organization’s net assets or fund balances will be depleted.
Tom Durso over at The 501(c) Files sees […]
By ren -- 1 comment
January 8th, 2008
Tom Durso over at The 501(c) Files sees increased expenses for nonprofit organizations:
“Led by a rise in the federally mandated minimum wage and growing fundraising costs, expenses for nonprofits increased by considerably more than the rate of inflation in 2007, reported the NonProfit Times earlier this week. Bad news, to be sure, but also an […]
By ren -- 0 comments
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