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Knowledge base

What is social enterprise?

Social enterprise, also known as social entrepreneurship, broadly encompasses ventures of nonprofits, civic-minded individuals, and for-profit businesses that can yield both financial and social returns. One example of social enterprise...

Knowledge base

What is the board's role in fundraising?

One of the key responsibilities of a nonprofit board is to ensure that the organization has enough resources to fulfill its mission. Thus, board members are often encouraged, even required,...

Knowledge base

Where can I find examples of nonprofit budgets?

Nonprofits have different budgets for different needs. Given our focus on foundation grants, most of Candid's budget resources are for proposal budgets. You can also find information here about other...

Knowledge base

Is the value of volunteer time tax deductible?

As with all questions having to do with tax law, please consult a legal, tax, or accounting professional for definitive answers to your specific question(s). Nonprofit organizations that want to...

Knowledge base

How can I access Candid’s eBook collection?

Candid offers a growing digital collection of eBooks and audiobooks on social sector- and philanthropy-related topics, curated by Candid’s Online Librarian team. This free, public collection is available to anyone...

Knowledge base

Where can I learn more about nonprofit audits?

The National Council of Nonprofits defines an audit as: "the examination of the financial statements by an accounting professional to determine whether they conform to accounting standards. An "independent audit"...

Knowledge base

What is strategic planning? Where can I learn more about it?

According to the TCC Group, strategic planning is: "a tool for transforming and revitalizing corporations, government agencies and nonprofit organizations....A successful strategic planning process will examine and make informed projections...