By Amanda Lovell Digital Marketing Manager Big Buzz Idea Group As nonprofits look to the future, one generation stands out for its unique, powerful potential: Gen Z. Born between 1997 and 2012, Gen Z is already making waves in the philanthropic world, even as most of its members are just beginning their professional lives. This generation is socially conscious, digitally fluent and unafraid to put their values into action, making them a critical demographic for nonprofits to understand and engage. So, why should nonprofits focus on Gen Z as their next wave of donors … and how? Why Gen Z...
By Melissa Lagowski Founder/CEO/Queen Bee If your nonprofit or association manages cash flow or oversees the filing of financial documentation on a regular basis, check out these warning signs that indicate when it’s time to hire a new bookkeeper. 1. Missed Deadlines Reconciliations and reporting are on a steady and predictable cycle. Bank statements are issued by the end of the month, so the bookkeeper should be able to reconcile all accounts and provide the monthly reports by the 15th of the following month. Governmental deadlines are also established and follow a regular pattern for submissions. If your filings are...
By Cat Donovan Executive Assistant Big Buzz Idea Group Navigating the complex landscape of sales tax is a critical task for nonprofit organizations, requiring a thorough understanding of numerous regulations, exceptions and exemptions. It’s up to nonprofit leaders to stay informed about these intricacies to ensure compliance and optimize their financial operations. It is important to keep in mind that sales tax is a state concept, and the regulations will vary by state law. Exempt Organizations Overview Non-profit status is an income tax concept and status, and doesn’t necessarily mean the organization is exempt from sales tax. The Illinois Department...
By Melissa Lagowski Founder/CEO/Queen Bee Big Buzz Idea Group Be it donors or dinners or annual bake sales, nonprofit organizations live and die by their budgets and funding streams. Finding a steady revenue stream may seem difficult but it also might just be hidden in plain sight: look around to discover that opportunities exist to develop a sponsorship program that can play mightily into your success. Established nonprofits already have an underlying support system in their board of directors, staff members, social media followers, donors, etc., who believe in the cause. This network brings obvious value to the organization and...
By Melissa Lagowski CEO/Founder/Queen Bee Big Buzz Idea Group I was at a networking event and chatting with someone about post-COVID challenges, and he suggested that I should look into the Employee Retention Tax Credit (ERTC). He gave me the name and number for an agency that had helped his large company receive hundreds of thousands of dollars back from the CARES Act. The next day, I called that company and learned they wanted to charge me a $10,000 fee just for a review. If I qualified for the program, they would charge a large fee per employee. My heart...
By Angie Noll Founder Reconciled Solutions We have been sharing strategies related to taking advantage of federal and local Disaster Relief Funding opportunities with our followers since coronavirus changed the world as we know it in early 2020. This month is no different; we have discovered some super powerful opportunities regarding the Employee Retention Tax Credits (ERTC) available from the federal government against 2020 and 2021. Here are some little-known, rarely discussed opportunities that we want to highlight that are reaping thousands of dollars of rewards to many of our clients: -The ERTC 2020 credit allows a business owner to...
