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How to Execute an Incident Response Plan

The inevitable finally happened at Howard University on Sept. 3, 2021. Just two weeks into the fall semester, the Washington, D.C., institution was forced to suspend classes in the wake of a ransomware attack. The good news? The breach had been contained; networks were down, as was the Howard website, but the university’s IT department had the…

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Statement of Activities (SOA) | Nonprofit Glossary Guide

A nonprofit Statement of Activities (SOA) is a report used by nonprofit organizations to highlight their financial performance over a specific period, typically a fiscal year. In some cases, the Statement of Activities may also be referred to as the “income statement” or “statement of revenues and expenses,” though “Statement of Activities” is the most…

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Statement of Cash Flows | Nonprofit Glossary

A Statement of Cash Flows is a detailed financial view used by nonprofit organizations to track inflows and outflows of money related to their activities during a specific time period, typically the fiscal year.  Without a clear Statement of Cash Flows, a nonprofit organization may not be maximizing its resources or identifying areas of opportunity…

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