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Nonprofit Employment Fares Better In Downturn
  Posted in Careers on Sep 25, 2011    0 Comments 
Nonprofit Employment Fares Better In Downturn
 As nonprofits weathered the recent economic crisis better than for-profits in terms of employment, the Unemployment Services Trust predicts that more 501(c)(3) organizations will exercise their rights to opt out of the state unemployment tax system. Nonprofits have proven more resilient in the recent economic downturn than many expected. According to a new report from the Johns Hopkins Nonprofit Economic Data Project, they fared even better ...  More
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Operating Reserves On Empty For Many Nonprofits
  Posted in Management on May 10, 2011    0 Comments 
Operating Reserves On Empty For Many Nonprofits
 In the ever-changing world of nonprofits, it is general practice to have three months worth of operating costs on reserve to remain solvent during hard times. A lack of cash-on-hand is troubling many nonprofit organizations, putting them in jeopardy just as costs like unemployment taxes are rising. Operating reserves are a necessary foresight in reducing strain on cash flow, reports the Unemployment Services Trust. While the tight pockets of ...  More
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