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A Nonprofit Board of Directors – What is a Board?

A Nonprofit Board of Directors – What is a Board?

Nonprofit organizations play an important role in addressing societal issues and providing services to communities. The board of directors is a critical component of these organizations, as they are responsible for overseeing the organization’s strategy, finances, and operations. In this…

Effective Budgeting for Nonprofits

Effective Budgeting for Nonprofits

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…

Top 5 BEST Reasons to Start a Nonprofit

Top 5 BEST Reasons to Start a Nonprofit

Work with startup nonprofits for as long as we have, and you’re bound to hear virtually every idea someone could come up with.  We had a lot of fun in our last post exploring the terrible ideas people have that…

Top 5 WORST Reasons to Start a Nonprofit

Top 5 WORST Reasons to Start a Nonprofit

At Foundation Group, we love nonprofits.  And, we love working with our clients who are setting up these essential organizations all across the globe. There are many great reasons to start a nonprofit.  As you’ve no-doubt seen in our marketing…

5 Reasons Why Nonprofits Fail

Top 5 Reasons Why Nonprofits Fail

Here’s a factoid you’ve probably heard before:  The majority of small business startups fail within the first 5 years.  Sadly, the same is true for nonprofits.  There are a multitude of factors that come into play that help to determine…

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