Whether or not you have a head for numbers, you can’t deny that accurate budgets are essential to running an effective agency. A budget is a guide that helps you understand what to expect in the coming months, measure progress against your predictions, and evaluate your mission’s overall success. The care you put into crafting […]
With limited money and staff time, it may seem logical that most nonprofits dedicate the majority of their resources to providing direct services to clients. Often this means that upgrades to technology rank low on the priority list…if they rank at all. But when agencies aren’t run efficiently, it is the mission that ultimately suffers. […]
As economic challenges persist and the potential for recession grows, organizations must build resiliency to survive. Nonprofits can no longer depend on the grants and donations they’ve historically relied upon. But that doesn’t mean your agency can’t still thrive! Embracing uncertainty and anticipating change is the key to maintaining stability, no matter what the future […]
Donor-advised funds (DAF) are a rapidly growing source of fundraising income for non-profits, with a 28.2% increase in funds granted by DAFs and a 46.6% growth in contributions made to DAF accounts in 2021. Effective organizations are implementing strategies to maximize their success in this quickly expanding revenue stream. Though DAFs have been around since […]
Yes, generally a Not-for-Profit Organization can begin operations before receiving tax-exempt status. Recognition is usually effective retroactive to the earlier of: the date of the Organization’s legal formation, or the beginning of the Organization’s programs. Therefore, the Organization’s activities are retroactively tax-exempt and donations are also retroactively tax-deductible to the donor.Note: in order for the program date to […]
In the United States, there is a uniform set of requirements for both nonprofit and for-profit organizations. However, these requirements and standards are not without change. The most recent change took place this December. To make sure you are aware of these changes and what they might mean for your organization, please follow this link.
Effective grant writing is imperative to most nonprofit organizations. Having an organized system and an up-to-date data library will allow your last-minute grant writing experience to go from stressful to successful. This article provides helpful tips and tricks to make sure that you are prepared for your next grant writing session. Click here to learn […]
When it comes to grant money, spending the funds in the manner described by your grant proposal is very important—and modifying a grant award is a time-consuming extra step. As such, you should be sure to coordinate carefully among your development team, program staff, and nonprofit proposal writers to ensure that your grant proposals accurately […]
For nonprofits that managed to persist in the face of the pandemic, now is the time to switch focus from surviving to thriving, writes Evgeny Redjebov in a new article for Forbes. This means pursuing new digital approaches, adopting data-driven strategies, and developing an adaptive working environment. Click here to learn more.
Nonprofit boards of directors face many challenges when it comes to proper governance, write Paul Jansen and Helen Hatch in a recent article for the Stanford Social Innovation Review. The authors suggest that designating a Chief Governance Officer (CGO) might be the solution to the obstacles that nonprofit boards face. They examine common sources of […]
