Wednesday, April 18, 2018

Casual for a Cause 2018 Totals Year to Date

04/19/2018
Author: Tom Callahan
Casual for a Cause 2018 Year to date

The Associated Community Services Employee Casual for a Cause fund is growing! Below we have listed the nonprofits ACS Employees have donated to so far this year:

Description  CFC 2018
Check
YTD
WK 4 & 5 Young Life
$1,112.00
1,112.00
WK 6 & 7 American Heart Association
$836.00
1,948.00
WK8 & 9 Alzheimer's Association
$1,166.00
3,114.00
WK 10 & 11 Special Dreams Farm
$1,350.50
4,464.50
WK 12 & 13 I Care of Michigan
$1,392.00
5,856.50

The total for the year is $5,856.50.

casual for a cause
Casual for a Cause is an internal voluntary program at ACS where ACS employees can make a contribution to a designated charity for a particular week. No contractual relationship or any other affiliation exists between the designated charity and ACS. ACS employee contributions to, and acceptance by, the charity does not constitute any business relationship between ACS and the charity, or any endorsement of ACS by the charity.

Monday, April 16, 2018

Choosing a Professional Telefunding Service

Choosing a Professional Fundraiser
4/16/2018
Author: Tom Callahan

telemarketing agentCharities often choose a professional fundraiser to outsource their fundraising efforts, such as by way of a telemarketing campaign. A professional fundraiser can utilize its resources and technology to educate the general public about a charity’s mission statement or program, efficiently reach a broader audience, significantly offset a charity’s limited resource to fundraise, and potentially increase the charity’s visibility and donor pool. Consider these critical questions when deciding on which fundraiser is most credible and best for your organization:
• Do they have a quality control team that monitors calls for quality assurance?
• Do they effectively train their telephone agents and staff on professionalism, communication, ethics, and compliance with applicable legal requirements?
• Are the staff managed effectively with performance and ethical standards?
• Are donations that are raised adequately handled?
• Is the fundraiser properly registered with any applicable government agency?
• What is the fundraiser’s do-not-call process?
• Does the fundraiser comply with any applicable call time restrictions?
• Does the fundraiser have any references?

Thursday, April 12, 2018

Tuesday, April 10, 2018

Associated Community Services Employee Donations AHA Wk 6 & 7 2018

Associated Community Services Employyes Casual for a Cause Donated $836 to the American Heart Association During Weeks 6 & 7 of 2018.

Thursday, April 5, 2018

Associated Community Services employee's donated $1112 to 'Young Life' Charity 2018

Associated Community Services employee's donated $1112 during their Casual for a Cause dress down day's during week 4 & 5 of 2018

Tuesday, April 3, 2018

Is your nonprofit required to have an independent financial audit performed?

Is your nonprofit required to have an independent financial audit performed?

04/03/2018
Author: Tom Callahan

An independent audit is the examination of a nonprofit’s financials by a certified public accountant.
desk with accounting tools
The audit is performed to examine the nonprofits accounting practices, financial records, banking transactions, and donor pledge cards.

Many states require the packaging of an audit with state charitable registrations for fundraising, but the requirement usually involves a certain level of revenue/contributions received.  The amount that requires an audit is different from state to state.
State government contracts may also stipulate an independent audit.
Many private foundations expect an independent audit included with the request for funding from the charity. This expectation is usually outlined along with the criteria to apply for the grant.
Federal law requires an independent audit if the nonprofit revenue raised is $750,000 or more.
If a nonprofit organization receives funding from the state or federal government, an audit may be required.
If an audit is required, it would most likely be due at the end of the calendar year, your fiscal year, or a date specified by the state or federal government.

An independent audit report is issued by the certified public accountant(s) to be reviewed by the nonprofit’s board of directors. An Adverse Opinion from the auditor can have a significant impact on funding efforts.

The cost of the independent audit can be over $10,000 every year for small nonprofits and much more for larger charities. It can be a severe setback for a new organization during its infancy if it cannot afford the audit. As I mentioned earlier, many private foundations require the approval of an independent audit for funding. If the nonprofit cannot provide the audit, it very well may affect fundraising efforts overall. The charity is unable to apply for a grant from the grantor.

As the charity grows in size and revenue, the audit will become part of the nonprofits yearly experience.

This above blog post is for informational purposes only.  The material discussed should not be construed as legal advice or a legal opinion on any specific facts or circumstances.  You should consult legal counsel concerning your own situation and any legal questions.