KNTA Kintera (MM)

Nonprofits facing potential financial regulatory compliance can now learn best practices in stewardship. Kintera(R) Inc. (NASDAQ:KNTA) today released a new white paper -- "Proactive Strategies: Accountability, Transparency & Fraud Prevention in Nonprofit Organizations." Available from Kintera FundWare(R), the white paper can be downloaded at www.fundware.com/accountabilityreport. Accountability, transparency and fraud prevention have become increasingly important for nonprofit organizations that may in the future face regulations similar to the Sarbanes-Oxley regulations applicable to publicly traded companies. The white paper highlights 18 proactive steps that nonprofit executives can take to accommodate changing expectations in the financial arena and ensure they are using best practices. Sponsored by Kintera Fundware, the white paper was written by Peter Brinckerhoff, president of Corporate Alternatives Inc., a publication, training and consulting organization for nonprofits, and author of eight books on nonprofit management. Key recommendations from the report include: Accountability -- Develop mandatory document retention policies. -- Make sure your independent audit firm rotates the lead partner no less than every five years. Transparency -- Develop financial reports that are specific to staff areas of responsibility. -- Each year, post your 990 and 990T reports on your Web site homepage. Fraud Prevention -- Separate duties in relation to cash, checks and checkbook reconciliation. -- Have the nonprofit organization's CEO or COO sign the 990. "Nonprofit organizations face increasing scrutiny from the press, donors and general public. It's important for them to be armed with the recommendations necessary for open, accountable and prudent financial policies and reporting," said Harry Chiu, vice president and general manager of Kintera FundWare. "Kintera Fundware is committed to providing the information and technology to improve accountability, transparency and fraud prevention -- without increasing workload for nonprofit accounting teams." To download the free report, visit www.fundware.com/accountabilityreport. To learn more about Kintera FundWare fund accounting software, visit www.fundware.com. About Kintera, Inc. Kintera(R), Inc. (NASDAQ:KNTA) provides an online solution to help nonprofit organizations deliver The Giving Experience(TM) to donors -- including giving convenience, financial transparency, feedback about the social impact of their gifts, and a sense of belonging and appreciation. More than 15,000 accounts in the nonprofit, government and corporate sectors use Kintera's "software as a service" innovations, including the Friends Asking Friends(R) fundraising program and Kintera Sphere(TM), an enterprise-grade software platform that provides a secure, scaleable and reliable system for customer relationship management (CRM), a web content management system (CMS), eMarketing and directed giving applications. Additionally, Kintera FundWare(R) provides award-winning financial management software developed for nonprofit organizations and governments. Kintera also provides the Kintera GivingFund payment option offering donors Internet convenience for initiating grant requests from their Donor Advised Funds (DAF). Organizations sponsoring donor advised funds as well as recipient nonprofits and foundations are now able to provide improved customer service to philanthropists through this new, innovative way to make major gifts online. A one-time DAF, CharityGift(TM), is available for purchase at Kintera's The Giving Communities(TM) interactive website at www.kintera.org. The site is also a destination for consumers to connect with thousands of causes and organizations. For more information about Kintera's software and services, visit www.kintera.com. Kintera, Kintera Sphere, Friends Asking Friends, The Giving Experience, The Giving Communities, GivingFund, CharityGift, and FundWare are either registered trademarks or trademarks of Kintera, Inc. in the U.S. and/or other countries. Forward-Looking Statements In addition to historical information, this press release contains forward-looking statements (including, without limitation, express or implied statements regarding the adoption of software solutions by nonprofit organizations) that involve risks and uncertainties. These forward-looking statements represent our estimates and assumptions only as of the date hereof. These statements reflect our current views with respect to future events and are based on assumptions and subject to risks and uncertainties. These statements involve known and unknown risks, uncertainties and other factors which may cause our actual results, performance or achievements to be materially different from any future results, performances or achievements expressed or implied by the forward-looking statements. These risks and uncertainties include, without limitation: our limited operating history; our history of losses; our dependence on increased acceptance by nonprofit organizations of online fundraising; lengthy sales cycles for major customers; our need to manage growth; risks associated with accounting for and processing large amounts of donations; the rapidly changing technologies and market demands; and other risks identified in our filings with the Securities and Exchange Commission. Given these uncertainties, you should not place undue reliance on these forward-looking statements.