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Posts by Lisa Johnson

2021 Employee Benefit Plan Audits: Big Changes On the Way

Business entities that sponsor employee benefit plans, and plan administrators with the responsibility for regulatory compliance of their benefit plans should take note. There are significant changes coming for 2021 employee benefit plan audits that will...
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Top Charity Watchdogs Nonprofits Should Know

Charity watchdog sites are often resources that current and future donors (as well as volunteers and employees) rely on to evaluate a nonprofit. An optimized, up-to-date profile on a watchdog site can serve as a differentiator for your nonprofit,...
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Private School Financial Reporting Mistakes: Donor Support

Donor support can have complex accounting requirements for private schools. This can lead to schools improperly recording certain types of donor support, which can result in misstatements or reclassifications. The following are just some of the most...
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3 Budgeting Best Practices for Private Schools [+ Budget Template]

The budgeting process is arguably one of the most important tools for creating a road map to your private school’s success. Planning and monitoring your budget can help you identify wasteful expenditures, adapt to financial changes, and achieve your...
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7 Ways to Spice Up Your Nonprofit’s Board Meetings

You want board members who can contribute to your mission through their efforts, contacts or money. Stated simply, they need to have a passion for your mission. This ensures a level of interest that will help even if board members have different...
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Does My Nonprofit Need D&O Insurance?

Hundreds of nonprofits face lawsuits every year, but many nonprofits assume they don’t need directors and officers (D&O) liability insurance. Unfortunately, if your nonprofit doesn’t have a D&O policy, your directors, staff and possibly even your...
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