What is Risk Management?
When you see the words “risk management,” what comes to mind? Does it bring up thoughts of uneasiness or fear? Does it inspire?Risk management is simply this: “The forecasting and evaluation of financial risks together with the identification of procedures to avoid or minimize their impact.” Risk management is an important tool that every Not-for-Profit […]
Developing a Strong Nonprofit Strategic Plan
Does your nonprofit have a strategic plan in place? In a recent article for Forbes, author Victoria Burkhart offers some tips for creating and implementing a strong strategy. There are a number of elements that contribute to the creation of a strong strategic plan. Burkhart highlights the need for a cohesive format and a set […]
Tips for Unifying Your Nonprofit Operations
It is easy for organizations to become compartmentalized. However, isolation of one area of a nonprofit from another can lead to inefficient operations and other difficulties. In a recent article from Forbes, eleven nonprofit professionals offer advice for helping nonprofits break downing organizational silos. Some of the advice offered by the Nonprofit Council includes: Encourage […]
Tips for Handling Nonprofit PPP Loan Forgiveness
The Paycheck Protection Program (PPP) is an impactful piece of legislation that was created in response to the coronavirus pandemic. Its goal is helping small organizations (fewer than 500 employees) weather the economic crisis set off by the coronavirus pandemic. Many nonprofit organizations took advantage of the forgivable loan program. A recent article from Nonprofit […]
An Eventful Year for the Nonprofit Community
2020 has been quite a year. As it comes to a close, there are many lessons that nonprofits can take away from everything that occurred over the last twelve months. In an effort to help nonprofits learn from the year, the Financial Commons—a joint initiative of Nonprofit Quarterly, Propel Nonprofits, and FMA—surveyed nonprofit leaders regarding […]
11 Benefits of Getting to Know Your Nonprofit’s Sponsors
It’s no secret that most nonprofit supporters donate to the organizations that align with their values and experiences. Recently, the Forbes Nonprofit Council shared 11 reasons why customizing your communication to these supporters can have major growth impacts for you and your organization. Creating content that better engages your supporters can offer more opportunities such […]
How To Use Your Nonprofit’s Size To Your Advantage
The size of your nonprofit could be the leg up you need to grow. Vitamin Angels Founder & President, Howard Schiffer, discusses how small nonprofits can leverage their size to compete with larger nonprofits. Three of the biggest takeaways are: Being a smaller team gives your nonprofit the ability to respond quicker to partnerships.Having the […]
Ways To Continue Raising and Saving Money During a Downturn
There’s no time like the present to re-evaluate where your organization’s funds are going. Andrea Holthouser spoke with Network For Good about ways to raise money and cut costs in your organization. Don’t forget to thank your donors for their contributions and what those contributions mean for your organization.Look for activities and software that don’t […]