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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.

Related Trainings

Providing Financial Oversight

Our Professional Development Workshop Series is made possible by the generous support of U.S. Bank: What does it mean to provide financial oversight? It is much more than receiving a monthly financial report and approving a budget. Most nonprofit organizations fail to provide the appropriate... Learn More ›
When
Wednesday, September 20, 2017 10:00 am
Where
Colorado Nonprofit Association
789 N SHERMAN ST, STE 100, DENVER, CO, 80203
Register Now

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Related News & Updates

Colorado Nonprofit Legal Audit Clinic_July 2017

Registration open for Nonprofit Legal Audit Clinic

May 23, 2017

Registration is now open for Colorado Nonprofit Association’s Nonprofit Legal Audit Clinic in July. Smaller nonprofits are invited to register for the free event to receive a legal assessment. The Nonprofit Legal Audit...

2017 Colorado Legislative Decisions Impacting Nonprofits and Communities

May 11, 2017

On May 10, Colorado’s 71st General Assembly adjourned having made many decisions on issues impacting nonprofits and communities in our state. We at Colorado Nonprofit Association are proud of the work of our advocacy...

Response to The Denver Post

Mar 2, 2017

In Support of the Nonprofit Community The writers of The Denver Post Feb. 28 story “How the charities on your Colorado tax form used political clout, little state oversight to earn a coveted spot” ultimately cast an...

What Donors Look for in Your 990

Feb 28, 2017

Those with fiscal years ending on Dec. 31, you may already be thinking about your 990. Your form 990 is not just an annual tax return you must complete, it is also a tool donors use when deciding which organizations to...

Despite Bad Apples, Colorado Nonprofits Do Vital Work

Jan 11, 2017

On Jan. 11, The Denver Post published a guest commentary by Colorado Nonprofit Association President and CEO Renny Fagan regarding the importance of enforcing the laws against charitable fraud. The commentary responded...

Related Policy Updates

2017 Federal Healthcare Reform Legislation

Jul 14, 2017

Background  In 2017, Congress has been debating legislation to repeal and replace the Affordable Care Act (ACA). As of July 21, at least three proposals are pending before Congress: 

Denver City Council Votes to Clarify Sales Tax Exemption for Nonprofits

Jun 8, 2017

AG's Proposal for Charity Oversight Unit

Jan 10, 2017

The Colorado Nonprofit Association supports the efforts of the Attorney General and Secretary of State to enforce charity regulations against those who undermine public trust in our nonprofit community by committing...

Colorado's 2016 Ballot Measures

Oct 24, 2016

Colorado has nine measures on the 2016 ballot and one measure on the seven county metro area ballot.   Colorado Nonprofit Association supports public policies that strengthen nonprofits and communities. We encourage...

The CHARITY Act

Jul 25, 2016

The CHARITY (Charities Helping Americans Regularly Throughout the Year)  Act would build on several charitable provisions from the PATH (Protecting Against Tax Hikes) Act of 2015. These new provisions would expand...