Achieving Audit Readiness for Nonprofits
Few things are as crucial as being audit ready. For organizations, audits can be stressful and time-consuming, but with the right preparation, it can be a smooth and headache-free process. At Mission Edge, our dedicated managed services accounting team understands the importance of audit readiness, and we ensure our clients are well-prepared to face any audit with confidence.
What is Fiscal Sponsorship? Agreements, Benefits, and Costs
Fiscal sponsorship allows organizations to operate under the umbrella of an established nonprofit, giving them access to charitable funds without the hassle of setting up their nonprofit entity so they can focus on what they do best: bringing their social change projects to life. With Mission Edge, we handle the administrative workload and provide strategic support to help you scale and grow.
Fiscal Sponsorship – Which Model Is Right for You?
When considering Fiscal Sponsorship, both Model A and Model C have a range of benefits that vary depending on your specific situation. There are financial, administrative and cultural advantages to both options. Understanding the diverse ways fiscal sponsorships can affect your organization can help make your decision easier.
Fiscal Sponsorship: Model A vs. Model C
There are two main types of fiscal sponsorship: Model A and Model C. Also known as "direct" or "comprehensive" fiscal sponsorship, Model A is an all-in-one solution; this is a nonprofit in a box. Model C is sometimes called "indirect" fiscal sponsorship or a "pre-approved grant relationship."
Go About Corporate Social Responsibility, Responsibly
Corporate social responsibility (CSR) is a growing trend in the business world, and for good reason — consumers want to know that the businesses they contribute their hard-earned money to are doing some good in the world.
How Nonprofits Can Navigate Communicating a Hybrid or Remote Work Policy
Work policies set clear expectations and help to define work culture — yet with all the unexpected fluctuations caused by the pandemic, it can be difficult to know what works best for you long term. Here are 3 tips from our nonprofit HR team to help you communicate your updated work policy — whether it’s in-person, remote, or hybrid.
What is “quiet quitting?” The wake-up call employers didn’t know they needed in 2023
How to create a workplace culture that makes your employees actually want to stay.
Employee Background Checks – Are Your Hiring Practices Legal?
Certain laws require employers to conduct criminal history checks for certain jobs and may forbid employers from hiring applicants convicted of particular crimes.
Nonprofit Accounting Revenue Channels
For nonprofits, revenues may come from contributions from the public, grants or endowments, ticket sales, auction proceeds, fees for goods and services, or any combination thereof..
Nonprofit Accounting Budgeting Basics
Making sure your budgets are aligned across all departments will prevent excess spending and help create more accurate budgets for the future.