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This toolkit defines risk management and offers links, resources, and ideas for effective risk management in a nonprofit organization. Key Terms: financial management, governance, legal considerations, policy, risk management, risk management assessment
Preferred Practice:
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Have Promotion, Fundraising, and Public Information That Accurately Describes the Organization's Identity, Purpose, Programs, and Financial Needs
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Not every communication from an organization needs to contain descriptive information, but each one should include all accurate information relevant to its primary message. There should be no material omissions, exaggerations of fact, misleading photographs, or any other practice which would tend to create a false impression or misunderstanding.
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This checklist provides the legal implications of nonprofit activities. It includes items for grassroots and direct lobbying, tax code compliance, state and federal documents, and IRS Form 990. This is designed as a risk management tool to help nonprofits stay in legal compliance. Key Terms: advocacy, compliance, direct lobbying, financial management, governance, grassroots lobbying, legal considerations, lobby regulation, nonprofit tax code, organizational management, risk management
Preferred Practice:
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Know That Urging the General Public to Join Your Advocacy Efforts Can Be Considered Grassroots Lobbying
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Involving the general public in your advocacy campaign can be very effective, but know that this can constitute lobbying if you are communicating to the general public, referring to specific legislation, expressing your views, and asking them to take action to contact a legislator.
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This Web site contains an advanced search option that allows users to access reports and financial information such as 990 forms on many individual nonprofit organizations. Under the nonprofit section, users will find articles about the nonprofit sector.
Preferred Practice:
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Spend Money Like Your Donors Would
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Raise enough money to ensure stable programming, but do not raise more money than is needed.
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Create An Endowment
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Endowments help to stabilize organizations by providing a steady stream of reliable income, in good times and in bad.
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This article outlines some of the more important issues that nonprofits should consider in regards to risk management. This article discusses what nonprofit groups are facing in claims, assessing and handling information technology (IT) risks, budgeting for insurance and advice, how to buy insurance, and what to look for in insurance policies. Key Terms: budgets, financial management, financial reporting, governance, human resources, insurance, legal considerations, management, organizational planning, risk management, technology
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