FIT! TIPS December 21, 2017

Peace, Love, Joy Joan M. Renner, CPA, CGMA, Director 501(c)(fit!) “Since you get more joy out of giving joy to others, you should put a good deal of thought into the happiness that you are able to give.”—Eleanor Roosevelt “We make a living by what we get, but we make a life by what we [...]

FIT! TIPS December 18, 2017

coming to terms with your Board Joan M. Renner, CPA, CGMA, Director 501(c)(fit!) Do your Board members have term limits?  This came up at last month’s 501(c)(fit!) financial leadership training seminar, and our participants compared notes.  Many participants did have term limits for their Board.  Some did not. A recent survey of more than 1700 [...]

FIT! TIPS December 11, 2017

Welcome a Board Joan M. Renner, CPA, CGMA, Director 501(c)(fit!) Do you provide a Board Orientation?  This came up at last month’s 501(c)(fit!) financial leadership training seminar, and our participants compared notes.  Many participants did hold a Board Orientation and they shared the topics they cover, such as the history of the organization, the duties [...]

FIT! TIPS December 4, 2017

Focus on your wish list Joan M. Renner, CPA, CGMA, Director 501(c)(fit!) This time of year, most of us are checking some kind of list.  If you’re like me, it’s your to-do list.  For many, it’s your shopping list.  But don’t forget the most important list for your organization—your wish list.  After all, someone just [...]

FIT! TIPS November 27, 2017

Latest on the State of the Sector - Zombie Nonprofits? Joan M. Renner, CPA, CGMA, Director 501(c)(fit!) It’s not the latest HBO series.  It’s a description from a new report on the current state of nonprofits called The Financial Health of Philadelphia-Area Nonprofits, released last month by Oliver Wyman, SeaChange Capital Partners and GuideStar, funded by [...]

FIT! TIPS November 20, 2017

Going into Grants? - your first steps toward a giant leap Joan M. Renner, CPA, CGMA, Director, 501(c)(fit!) There are more than 100,000 grant makers out there, according to the Foundation Center.  Think of what good things you could do with a small piece of that money.  It’s likely that your nonprofit has considered, or will [...]

FIT! FIPS November 13, 2017

Preparing for Your Audit— What’s Your GAAP Gap? Joan M. Renner, CPA, CGMA, Director, 501(c)(fit!) A number of our 501(c)(fit!) participants say they’d like to learn more about preparing for their audit, especially those whose organizations have not navigated an audit before.  Proactive nonprofit leaders want to do what they can to achieve favorable audit [...]

501(c)(fit!) November 6

Notes from the road Joan M. Renner, CPA, CGMA, Director, 501(c)(fit!) Wow!  Over the past three weeks or so, I have had the privilege of leading 501(c)(fit!) seminars in Richmond and Alexandria.  I was bowled over by our participants. I met nonprofit leaders from health care, housing, the arts, from associations and more.  Participants traveled [...]

FIT! TIPS October 30—Trick or Treat?

Joan M. Renner, CPA, CGMA, Director 501(c)(fit!) When you hear a knock on the door on Halloween, you can bet the next thing you’ll hear is “Trick-or-Treat!”  I don’t worry too much about seeing real ghosts and goblins.  My biggest risk is running out of candy.  Are you ready yet?  Planning ahead for trick-or-treaters is [...]

FIT! TIPS October 24, 2017

The Phantom Vendor Joan M. Renner, CPA, CGMA, Director 501(c)(fit!) I’m looking forward to answering the door on Halloween.  Some of the princesses, superheroes and ghosts look a lot like our neighborhood kids, and some I just don’t recognize at all.  It doesn’t matter who’s behind the mask, though, everyone gets candy. Trick-or-treaters are fun [...]