Separate from the legal filing also called an annual report, many nonprofits produce an annual communication about their priorities, programs, and impact
Nonprofits incorporated in Maine must file an annual report to the Secretary of State by June 1st each year. #reporting
<br />MANP’s 2020 Report on Nonprofit Wages + Benefits in Northern New England MANP began collecting and reporting compensation data in 1997 and has continued collecting this data typically every two years
Typical examples of in-kind contributions a nonprofit may receive include but are not limited to: Pro bono legal & professional services Below-market rent payments Donated supplies & equipment Donated buildings & land Donated housing Although nonprofits have been required to report the value of in-kind contributions in their financial statements for some time, there has not been consistency in the practice of this reporting. A new accounting standard took effect on June 30, 2022 intended to bring clarity and consistency to how in-kind contributions of nonfinancial assets are reported. #finance #reporting #fundraising
MANP crowdsources sample annual reports so our community can get ideas and inspiration from one another
Annual reports can be a great communications tool, but can also be a big investment of resources, both time and money
MANP periodically puts out a call to our newsletter readers for examples of their annual reports, which we compile here
Annual reports can be used to highlight a nonprofit’s mission and impact, thank volunteers and supporters, and make a case for donating to the organization. What makes a nonprofit annual report compelling? This resource page offers some suggestions
This resource outlines the types of financial reports that are needed by a board, as well as how to present the information to the board
Thank you! UPDATED REPORT: Strengthening State and Local Economies in Partnership with Nonprofits By the end of May, all 50 states and the District of Columbia will have received their full allotment of funds from the American Rescue Plan Act’s Coronavirus State and Local Fiscal Recovery Funds program