Benchmarking is widely used by for-profit companies but sometimes is overlooked by charities and other nonprofits. A not-for-profit organization should be committed to benchmarking because it offers many benefits, including long-term sustainability.
Fraud and embezzlement schemes cost not-for-profit organizations more than just money. The hit to a group’s reputation may scare off donors, grantmakers, and other supporters.
In this pandemic year, many not-for-profits are scrambling to find new revenue sources to replace donor contributions and other lost income.
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.
A quid pro quo contribution occurs when a nonprofit receives a payment that includes a contribution and the nonprofit provides the donor with goods or services valued for less than the total payment.
It’s all too easy to let ineffective not-for-profit continue, even as they consume budget resources. To help ensure your resources are being deployed efficiently and effectively, consider using the tradition of spring cleaning to review and, potentially, replace ineffective programs.
If your top executive were to step down tomorrow, would your not-for-profit know how to make a smooth leadership transition or would your boat suddenly be rudderless? Fortunately, creating a succession plan isn’t as difficult as you might think.
Your board members serve because they believe in your organization and care about your mission. However, most are unpaid volunteers. You owe it to them to make the job as easy as possible — starting with well-organized board meetings that are only as long as necessary.
Publicly traded companies must conduct fraud risk assessments but privately held businesses aren’t subject to the the same fraud risk assessment requirements.
Corporate espionage involves the theft of information that hasn’t been made public and each year businesses lose billions of dollars in intellectual property (IP) from thieves stealing trade secrets.
Even if your nonprofit typically doesn’t have budge shortfalls, you may be looking for new funding sources and may want to consider cause marketing. Made possible via a partnership with a for-profit business, cause marketing can boost your budget, your public profile and even your volunteer base.
A nonprofit board retreat is an opportunity for participants to get past the ordinary topics of regular board meetings and delve deeply into specific issues. Most board members lead busy lives and some may not be able to attend all meetings or possibly only attend via teleconference. A carefully planned meeting can bring everyone together in a relaxed setting, but to be successful, your retreat should be planned to the smallest detail.
Competition is intense for private and public grants to not-for-profits, so it is as important as ever to write a winning grant proposal. Submitting a sloppy and unprofessional grant proposal could undermine your efforts to receive adequate grant money.
According to the KnowBe4 Security Team (www.knowbe4.com), the bad guys are developing malicious apps with the hopes of making their way into your mobile device’s app store–and sometimes they’re successful. Recently, over 100,000 people across the globe downloaded applications containing spyware from a reputable app store.
Many organizations are holding virtual board meetings that allow board members to be present via phone and web-based applications instead of in person, face-to-face meetings. This option isn’t without obstacles, but it can ease board member attendance problems as well as help with recruitment challenges.
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