Gross Mendelsohn Blog | Nonprofit (22)

How to Align Your Nonprofit’s Goals With Its Mission

“If you don’t know where you are going, any road will get you there.” This quote from Lewis Carroll’s book, Alice in Wonderland, holds a lot of truth in the business world. The story begins when Alice, out of sheer curiosity, chooses to follow an odd and...

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How Private Schools Should Record Planned Giving Arrangements

One of the many ways donors provide financial support to charitable organizations, including private schools, is by establishing trusts or other arrangements under which the nonprofit receives benefits that are shared with other beneficiaries. These...

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Nonprofits, Volunteer Recruitment and Retention Doesn’t Have to Be Rocket Science

No matter what your nonprofit’s volunteer base looks like, enhancing a volunteer’s experience will benefit your organization and maximize volunteer turnout at future events.

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5 Things Private School Board Members Should Know About Financial Statements

You’ve just joined the board of directors of a private school. Or perhaps you’ve been on your school’s board for some time, but want to learn more about your role in the financial oversight of the school.

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Tax Deductions for Car and Truck Expenses Require Careful Documentation

When it comes to vehicle expense tax deductions (and costs related to other “listed” property), as well as travel and entertainment expenses, the law is clear and strict on required documentation. You don't want to lose tax deductions because of...

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8 Must-Know Accounting & Financial Reporting Issues for Private Schools

More so than other nonprofits, private schools are often operated like a for-profit entity given the competition, increased costs and scrutiny that schools face.

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