Scholarships are an excellent opportunity to make a positive impact and support the objectives and mission of your nonprofit. This is particularly true if your organization’s mission is primarily educational in nature. But the benefits aren’t exclusive to educational nonprofits.…
Risk management should be among the top strategic initiatives of every nonprofit board of directors. Establishing effective policies and procedures will help, as will requiring separation of duties and limiting conflict of interest. But, what if your nonprofit owns real…
The end of the year is THE BEST time of year for fundraising. And it’s a great time to get your Board involved in helping you raise money. But if you’re like most, your Board doesn’t do a whole lot…
Risk is relative. For some people, jumping out of an airplane is a typical weekend adventure. For others, driving 5 miles per hour over the speed limit makes your pulse quicken and beads of sweat break out on your forehead. …
A common mistake made by both businesses and nonprofits alike is the failure to budget income and expenses. Far too often, it's a see-what-comes-in mentality that rules the day, with no attempt to plan, manage, or adapt to changing financial…
Healthy things grow. That goes for both people and organizations. All but the smallest of businesses grow and evolve over time. Often it is a necessity to keep up with changes in the business environment, regulatory change, or simply changes…
Maintaining timely and accurate financial records is one of the most important responsibilities facing every nonprofit organization. But doing it right is time-consuming, and the rules are complicated.
The issue of a nonprofit operating in a foreign country is rather complex. It can involve multiple government agencies and be fraught with pitfalls that can only be avoided if you understand the rules. If you are like many of…
SUSTAINABILITY. That's been the buzzword around the nonprofit space for over a decade. Organizations everywhere are looking for ways to build-in revenue streams to supplement, or even replace, traditional donations. The reality is, no matter how appealing the idea is,…
Sometimes, those operating a charitable activity do not wish to fully formalize what they're doing into an actual 501(c)(3) nonprofit entity. The reasons for this vary, but often the services of a fiscal sponsor is needed. Properly setup, fiscal sponsorships…