Most people assume that the word nonprofit means that the organization cannot make a profit.   Nonprofit defined A nonprofit organization is one that has been organized and is operating under the code sections in the Internal Revenue Service allowing them to be exempt from taxes. Therefore, th...

I often get asked, how much should a nonprofit have in an emergency fund?  The term “emergency fund” is commonly used in individual finance, but it also translates to a nonprofit. The other phrases that can be used are operating reserves and unrestricted net assets.  Unrestricted net assets is a ...