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Winter 2025


Essential Budgeting Tips for Nonprofits  

As the year kicks off, it's the perfect time to strengthen your nonprofit's financial strategy. While it may not be as pivotal as the start of a new fiscal year, taking steps now to review your budget, goals and plans can set the stage for success in the months ahead. In this article, we share practical tips to help you refine fundraising strategies, leverage technology and determine when to seek outside guidance. We will also explore the importance of looking beyond profit and loss to ensure long-term sustainability.


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How To Get Foundations To Say “Yes” to Your Grant Proposals

If your not-for-profit isn’t actively seeking grants from the many thousands of foundations in the United States, now is the time to start. To maximize your chances of success, focus on foundations whose interests align with your nonprofit’s mission and programs. This article offers valuable tips and strategies to help you effectively navigate the grant-seeking process and increase your chances of securing funding.


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Sharing Space Can Mean Sharing Costs and More

Is your nonprofit being squeezed by rising rents? You might consider sharing space with another charity or organization. This article explores several options for space sharing that can help reduce overhead expenses while fostering collaboration. We also highlight potential challenges and considerations to keep in mind before committing to a shared workspace arrangement.


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Nonprofit Start-Ups: Form 1023 or 1023-EZ?

New nonprofits must apply to the IRS for tax-exempt status. But should you file Form 1023 or Form 1023-EZ, the easier, less expensive option? This article provides key insights to help you determine which form best suits your organization's needs, considering factors like complexity, cost, and eligibility requirements.


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About Dannible & McKee, LLP



Dannible & McKee, LLP is a leading CPA firm that has been providing audit, tax, accounting and strategic advisory services to clients nationwide since 1978. Known for our technical expertise and depth of industry experience, we are committed to delivering high-quality service tailored to our clients' needs. We specialize in helping nonprofit organizations operate more efficiently and effectively, with a deep understanding of the unique accounting principles and board governance requirements they face. Our full-service accounting services team offers various services to nonprofit organizations, including payroll tax reporting, bank reconciliations, general ledger maintenance and preparation of monthly, quarterly and annual financial statements. 


OFFICE LOCATIONS:

DM Financial Plaza, 221 South Warren Street, Syracuse, NY 13202

213 North Street, Suite 101, Auburn, NY 13021

200 Harborside Drive, Suite 201, Schenectady, NY 12305

220 Stage Road, Vestal, NY 13850

3001 N. Rocky Point Drive, Suite 214, Tampa, FL 33607


To learn more about Dannible & McKee, visit us at www.dmcpas.com.