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 […]
Developing a Strong Not-for-Profit Strategic Plan
Does your not-for-profit 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 Not-for-Profit Operations
It is easy for organizations to become compartmentalized. However, isolation of one area of a not-for-profit from another can lead to inefficient operations and other difficulties. In a recent article from Forbes, eleven nonprofit professionals offer advice for helping not-for-profits break downing organizational silos. Some of the advice offered by the Nonprofit Council includes: Encourage […]
Tips for Handling Not-for-Profit 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 not-for-profit organizations took advantage of the forgivable loan program. A recent article from Nonprofit […]
An Eventful Year for the Not-for-Profit Community
2020 has been quite a year. As it comes to a close, there are many lessons that not-for-profits can take away from everything that occurred over the last twelve months. In an effort to help not-for-profits learn from the year, the Financial Commons—a joint initiative of Nonprofit Quarterly, Propel Nonprofits, and FMA—surveyed not-for-profit leaders regarding […]
11 Benefits of Getting to Know Your Not-for-Profit’s Sponsors
It’s no secret that most not-for-profit 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 […]