As a CFO specializing in nonprofit organizations, leaders often ask me, “How can our nonprofit make more money?” This question is critical because financial stability directly impacts an organization’s ability to deliver on its mission. Fundamentally, there are two primary strategies: increasing revenue or cutting costs. So how can you decide on what do? Focusing […] The post 9 Key Ways Nonprofits Can Make a Profit and Generate More Revenue appeared first on Velu.| Velu
Federal grants can provide essential funding for nonprofits, but managing these grants requires a thorough understanding of federal requirements and meticulous compliance. Here’s a comprehensive deep dive into what nonprofit leaders need to know to successfully navigate the complexities of federal grant management. Key Federal Resources Title 2 U.S. Code of Federal Regulations (CFR) Part […] The post Federal Grant Requirements Guide for Nonprofit Leaders appeared first on Velu.| Velu
Explore the advantages and challenges of 501(c)(3) organizations, including real-world examples to guide nonprofit leaders.| Velu
Find information on annual reporting and filing using Form 990 returns, and applying and maintaining tax-exempt status.| www.irs.gov