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Documentation for Your Donors

January 1, 2023 by Michael Simkins

It’s the new year and our donors will start to gather the necessary materials to prepare their income tax returns. It’s also a good time to be certain we have … [Read more...]

Temporarily Suspending Operations

November 9, 2022 by Michael Simkins

Can a nonprofit hibernate? One of our smaller nonprofit members recently asked me that question. The organization had formed to raise funds to build and … [Read more...]

Gifts of Stock

October 7, 2022 by Michael Simkins

A donor is interested in making a gift of stock to our nonprofit, but we don't have a brokerage account. How can we accept the gift? You may be tempted to … [Read more...]

Beginner’s Tips for Nonprofit Budgeting

September 11, 2022 by Michael Simkins

Creating the first budget for your new nonprofit? Or are you a new board treasurer and inherited a budget or budget process that really needs … [Read more...]

Do You Owe Sales Tax?

August 31, 2022 by Michael Simkins

As a nonprofit organization you may qualify for exemption from paying both federal and state income tax, but sales tax is a different matter. With some … [Read more...]

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DISCLAIMER: Spokes offers informed advice and recommendations, not professional counsel. Blog content is current as of the date shown. Individual posts are not necessarily updated, so please confirm the accuracy of the information, especially of older posts.

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Member Testimonial

“As a result of participating in Spokes services, we were able to get a concrete action plan, which led to superior results for our organization. It was an extremely positive experience!”

Linda Wilkes-Chaffin
Board of Directors
San Luis Obispo Master Chorale
San Luis Obispo, California

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