Social Enterprise: A Sweet Deal

social enterprise


A social enterprise is an organization or program that sells goods and services to advance its mission. Examples include thrift stores, training, publishing, product sales, and consulting. Social enterprise activities may be occasional and informal, such as bake sales and car washes, or they can be on-going businesses. Some well-known examples include Goodwill, SCORE, Open Book Publishers, Girl Scout cookies, and the Natural History Museum gift store.

How to Hire an Auditor: A Brief Primer

Beginning in 2015, organizations that expend more than $750,000 in federal funding in any fiscal year will be required to retain an independent auditor to perform a Single Audit. Previously, $500,000 in federal expenditures triggered the Single Audit requirement. While the new threshold is a bit higher, federal funds in the form of grants, pass-through dollars, contracts, and loans add up quickly so be sure you’re ready. This brief primer explains how to select a qualified auditor and provides a simple check-list to guide your selection process.