Tip of the Month

 Kathleen Clayton, CPA, SGA Group, a recent guest on the Not-for-Profit eXchange radio show, provided us with this great information.

Does your non-profit have all of its documents in order?  Here are the ones you should have on hand and up to date:

• Certificate of Incorporation

• IRS Determination Letter

• Mission Statement

• By-laws

• Tax Filings

• Charity Registrations

• Annual Report

Have you adopted the following policies?

• Document retention and destruction

• Executive Compensation

• Whistle Blower

• Conflict of Interest

• 990 Review

• Public Inspection

• Gift Acceptance

If not, here are some websites to help you develop them:

• BoardSource, www.boardsource.org

• National Council of Nonprofits, www.councilofnonprofits.org

• IdeaEncore, www.ideaencore.com

• ECFA Knowledge Center, www.ecfa.org/knowledgecenter.aspx?TopicCategoryID=11

• Independent Sector, www.independentsector.org

• Center for Nonprofits, www.njnonprofits.org

You can listen to Kathleen Clayton’s July 12, 2011 radio show appearance at www.blogtalkradio.com/notforprofitexchange