Jitasa Nonprofit Blog

Welcoming the New Year By Reviewing Your Accounting Practices

While it is possible that your nonprofit fiscal year does not line up with the calendar, the impending closure of this holiday month has us thinking about the end of this year and the beginning of the next. For many, the new year represents a time of rebirth--letting go of...

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When ‘The Buddy System’ Fails: Risk Management for Nonprofits

This week brings big, if not so great, news in the nonprofit world--two nuns stand accused of stealing around $500,000 over a period of years. The money is reported to have been used for gambling, a violation that was discovered only after Sister Mary Margaret Kreuper and Sister Lana Chang...

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Mental Accounting and the Myth of Finite Money

The term “mental accounting” may sound unfamiliar, but you’ve probably engaged in it (at least on a personal level) a number of times. We tend to think about budgets in this way, allotting a certain amount for bills, home, entertainment, education, etc. It’s how we categorize and evaluate economic outcomes....

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Giving Tuesday Results Show We Believe in the Spirit of the Season

The holiday season is officially upon us, the turkey talk replaced by holiday lights and reindeer grazing magically on our front lawns. Thanksgiving’s passing can be sort of quiet in the hustle of Black Friday (which often begins on Thursday evening) and Cyber Monday. For many nonprofits (and the nonprofit...

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5 Ways to Thank Your Donors This Holiday Season

As we enter into the holidays, donors can start to feel that spirit of generosity a little bit stronger. If you’re running a nonprofit, this can be great--their goodwill means that you can continue to offer your service to the community for a little bit longer or make some great...

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