Not-for-Profit

Delegation ideally gives not-for-profit executives time to focus on mission-critical tasks and provides growth opportunities to staffers. However, you need to approach delegation strategically.

Nonprofit organizations have encountered many challenges in 2020, and the concerns expressed by their leaders are justified.  Their concerns include strained budgets, the ability to deliver on the organization’s promises during a pandemic, and more.

In this pandemic year, many not-for-profits are scrambling to find new revenue sources to replace donor contributions and other lost income.

Collective impact initiatives are growing among not-for-profits. Such initiatives are about more than collaboration. They represent the commitment of a group of organizations to a common agenda for solving a specific social problem.

Employee or independent contractor? It’s not only for-profit companies that struggle with the question of how to classify workers for federal tax purposes.

 Not-for-profits increasingly are adopting a corporate world tool: financial dashboards. A dashboard is a summary of an organization’s progress toward a specific goal over time — or a snapshot of its current situation.

Current financial pressures mean that your not-for-profit probably can’t afford to pass up offers of support. Yet you need to be careful about blindly accepting grants.

Setting up an advisory board could be a valuable asset to your nonprofit.  You may be thinking--"we already have a board of directors — so why would we need an additional advisory board?"  There are a few reasons.

Factors such as wealth level, education, and even whether people volunteer, probably will tell you more about potential donors than their generation. But some broad generalizations about age can help nonprofit organizations target particular groups for support.

The most common reason nonprofits lose their status is the failure to file an annual Form 990 or 990-N for three consecutive years. If your organization has landed on the IRS’s revocation list for this reason, don’t panic.

In times of turmoil, including the challenges of the Covid-19 pandemic, your board of directors should be your not-for-profit’s rock-solid foundation. But what if your board is understaffed or simply doesn’t provide the leadership your nonprofit requires?