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Financial Management

Nonprofits have an obligation to act as responsible stewards of their financial resources. Nonprofits must comply with all legal financial requirements and should adhere to sound accounting principles that produce reliable financial information, ensure fiscal responsibility, and build public trust.

Nonprofits should use their financial resources to accomplish their missions in an effective and efficient manner, and should establish clear policies and practices to regularly monitor how funds are used.

Principles & Practices Assessment

Find out if your organization is meeting best practices in Financial Management, based on Principles & Practices for Nonprofit Excellence in Colorado. 

Complete the Assessment

Related Trainings

Advocacy Roundtable

October's Advocacy Roundtable will feature a meet and greet with Colorado Nonprofit Association's public policy team and consultants and discussion of 2018 ballot measures and the state election picture. Join us on Oct. 23 to hear how we work on public policy issues for Colorado's... Learn More ›
When
Tuesday, October 23, 2018 10:00 am
Where
The Resource Exchange
6385 Corporate Dr, Colorado Springs, CO, 80919
Register Now

How to Make Your Strategic Plan Come to Life

Our professional development trainings are made possible by the generous support of U.S. Bank     Nonprofits spend enormous staff time and resources developing strategic plans that often end up on the shelf because staff does not have the time to implement the new goals and... Learn More ›
When
Thursday, October 25, 2018 9:30 am
Where
Bud Werner Memorial Library
1289 LINCOLN AVE, Library Hall, Steamboat Springs, CO, 80487
Register Now

Accidental Designer: How to Design Images Like a Pro

Presented by Idealware: This training counts for Excellence in Principles & Practices. We all know this intuitively—websites or flyers that are balanced, colorful, and visually interesting get more attention. But if you work at a small nonprofit, chances are you don’t... Learn More ›
When
Thursday, October 25, 2018 11:00 am
Where
Idealware Webinar
Idealware Webinar,
Register Now

Key Elements in Succession Planning for Nonprofits | Part 4: Evaluation

Our professional development trainings are made possible by the generous support of U.S. Bank   Time for our final webinar in the Key Elements in Succession Planning for Nonprofit Organizations series! We will recap highlights from the first three conversations: governance, budgeting... Learn More ›
When
Tuesday, October 30, 2018 9:30 am
Register Now

Minimizing Implicit Bias Workshop

Often discrimination happens in organizations, and specifically in hiring practices, because of ingrained stereotypical thoughts and ideas we have been taught to believe as true. These ideas are so embedded in our brains we actually believe they are “natural” or the “norm.”... Learn More ›
When
Tuesday, October 30, 2018 9:30 am
Where
Gold Hill Police Station
955 W Moreno Ave, Colorado Springs, CO, 80905
Register Now

Related FAQs

Related News & Updates

IRS Rules Weaken Charitable Deduction for Donors Receiving State Tax Credits for Giving

Aug 29, 2018

On August 23, the IRS released proposed regulations that require donors who itemize to reduce their charitable deduction by the amount of any state or local tax credit they receive for making cash or non-cash...

Nonprofits Invited to Complete 2018 Salary & Benefits Survey

Jan 30, 2018

Colorado Nonprofit Association invites nonprofits from across the state to participate in its 2018 Colorado Nonprofit Salary & Benefits Survey. Colorado Nonprofit Association’s goal is to increase the number of...

Impact of the Tax Cuts and Jobs Act on Colorado's Nonprofits

Dec 6, 2017

The Dec. 5 edition of Next with Kyle Clark featured an interview with Lydia McCoy, Colorado Nonprofit Association vice president and chief operating officer, regarding the impact of the Tax Cuts and Jobs Act on Colorado...

Colorado Gives Day 2017 Raises $36.1 Million

Dec 6, 2017

Colorado Gives Day remains the state’s largest day of giving. Generous donors gave $36,129,285 to 2,309 nonprofits in just 24 hours on Dec. 5. This is an increase over the $33.85 million donated on Colorado Gives Day...

Support Your Favorite Colorado Nonprofits on 12.05.17

Nov 27, 2017

In 2010 Community First Foundation launched the first Colorado Gives Day – raising more than $8 million dollars! It was a single day event that drew attention to the work Colorado’s nonprofits do to make Colorado a...

Related Policy Updates

Updated Charitable Solicitations Rules Implemented on Oct. 1

Oct 3, 2018

The Colorado Secretary of State's office posted an announcement explaining changes to rules for the Colorado Charitable Solicitations Act. These changes took effect on October 1, 2018. 

Tax Reform 2.0

Sep 28, 2018

On September 28, The House passed a Tax Reform 2.0 bill. Colorado's Representatives voted along party lines. The Senate is not expected to take action on these bills in 2018. The framework focuses on three areas that...

Online Sales Tax and the Wayfair Decision

Sep 28, 2018

In a 5-4 ruling in the case of  South Dakota vs. Wayfair Inc. in June, the U.S. Supreme Court expanded the ability of states to collect sales taxes on online purchases. Previously, it was necessary for retailers to have...

2018 Legislative Session – Colorado General Assembly

Aug 26, 2018

We track state bills affecting our nonprofit community. These bills include, but are not limited to:

New Taxes on Nonprofits Unrelated Business Activities

Aug 24, 2018

The Tax Cuts and Jobs Act of 2017 (TCJA) includes new provisions that directly impact nonprofits and other tax-exempt organizations. Although nonprofits are mostly exempt from federal income taxation, a few new...