Too Good To Be True: Sustainability Through Earned-Income?
| Posted in Management on Oct 24, 2012 by |
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Necessity is the mother of invention and difficult times can inspire creativity. As we all know so well when non-profits are faced with a declining economy funding can be compromised. In light of this challenging economic environment more and more non-profits are pursuing innovative earned income and entrepreneurial efforts to sustain their vision and mission. It’s important to realize that profit is not denied to a nonprofit as long as the ...
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Organizational Leadership: Key To Sustainability
| Posted in Management on Oct 14, 2012 by |
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Leadership is a skill that is not reserved solely for managers, directors, VPs, or anyone else who is the head of a department or an organization. It is a crucial quality that any valuable employee should demonstrate in some form or another in the workplace. The term “leadership” can encompass a wide variety of actions and attitudes; it does not necessarily apply only to a single leader of a group. Leadership can manifest in small actions that ...
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Learn How To Avoid 12 Common Grant Audit Findings
| Posted in Management on Sep 20, 2012 |
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Federal grants expert Bob Lloyd will give a preventive briefing on 12 common grant audit findings in a Sept. 24 webinar sponsored by Federal Fund Management Advisor.
There's little question that independent auditors reviewing grant and subgrant expenditures in audits performed under Office of Management and Budget Circular A-133 have been adopting a ...
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Choosing An Outsourcing Partner
| Posted in Management on Sep 12, 2012 by |
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The Eugene and Agnes E. Meyer Foundation’s report on outsourcing cites the research of J. Russell and M. F. Greaver to affirm that reasons for outsourcing in any sector include:
• Reduced operating costs and reduce capital investments
• Increased organizational impact by allowing staff to focus on core business
• Access to technology, skills and insights not otherwise available or affordable
• Increased flexibility and responsiveness
• ...
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Expanding Your Workforce Through Americorps Vistas
| Posted in Management on Sep 11, 2012 by |
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Most nonprofits would love to have a person like Sarah working for them. Sarah has experience researching at a pharmaceutical research company and interfacing with clients, and she currently works for Wyman Center doing information technology, company-wide trainings, and researching new funding opportunities. Sarah is not, however, a full-time employee. Rather, ...
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Revenue Development - Focusing On Individuals Part II
| Posted in Management on Aug 8, 2012 by |
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A widely-held perception is that corporations and foundations are the biggest sources to tap for grants and donations. The reality is that four out of every five philanthropic dollars (80%) is contributed by individuals and bequests. This number increases to 87 percent of total giving if you include family foundations. According a report compiled annually by the American Association of Fundraising, in 2010 Americans gave a staggering $290 ...
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HR Outsourcing: A Valuable Management Tool For Nonprofits - Part 2
| Posted in Management on Aug 2, 2012 by Louis Basso and Barry Shorten |
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For executives still on the fence regarding the advantages of outsourcing their Human Resources (HR), there has never been a better time to reflect on this option. Today’s economic pressures have forced many nonprofits to reduce their staff and stretch their workforce over areas for which they may not be qualified. Add to this the complex regulations introduced by healthcare reform and specifically the “Patient Protection and Affordable Care ...
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Revenue Development – Focusing On Individuals Part I
| Posted in Management on Jul 3, 2012 by |
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“It is not necessary to change. Survival is not mandatory.”
W. Edwards Deming
As we continue our series of funding sources for nonprofit organizations, our first focus is on individuals.
A widely-held perception is that corporations and foundations are the biggest sources to tap for grants and donations. The reality is that four out of every five philanthropic dollars (80%) is contributed by individuals and bequests. This number ...
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HR Outsourcing: A Valuable Management Tool For Nonprofits - Part 1
| Posted in Management on Jul 1, 2012 by Louis Basso and Barry Shorten |
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Today's challenging economy has placed greater demands on nonprofits. The financial hardships of many have prompted an increase in the demand for their services while, at the same time, they experience a decline in contributions. According to Charity Navigator's estimations, there has been a 14.5% decline in corporate contributions, a 2.7% decline in individual contributions, and a 2.8% decline in bequests in 2008.
The 7th Annual ...
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Revenue Development – The Key Element In Any Successful Organization
| Posted in Management on May 15, 2012 by |
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What is necessary for successful revenue development for your organization? This is the integral question that all nonprofits must answer to experience the highest levels of financial success - and the answers span a large variety of sources and categories.
But before you can even consider the various sources of funding and resources, there are a number of questions that need answers first. Furthermore, taking the time to ensure that the ...
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Development Diagnostics Releases Free Nonprofit Self-Assessment Toolkit
| Posted in Management on Apr 12, 2012 |
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Development Diagnostics LLC, a St. Louis-based nonprofit consultancy, has released the Rapid Development Self-Assessment (RDSA) toolkit.
A direct descendent of EFQM-based RDA Diagnostics, this toolkit is designed to facilitate the development and implementation of robust self-assessment programs by a wide range of nonprofit organizations. Diagnostic processes such as Rapid Development Assessment (RDA) are now used to identify organizational ...
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5 Things Funders Consider When Evaluating Nonprofit Financial Statements
| Posted in Management on Jan 27, 2012 by |
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Nonprofit organizations invest significant resources in their fundraising efforts. Despite an organization’s mission driven achievements and qualifications, a nonprofit’s poor financial condition may be a potential road block to funding. Potential funders (i.e. government agencies, foundations, corporate sponsors, individual donors, banks/lenders, etc.) have financial criteria, whether formal or informal, that nonprofit organizations must meet ...
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