Successful non-profits are not an accident; they are the result of leadership that employs sound financial management practices. Developing the following seven financial habits will ensure your non-profit can successfully fulfill its mission and that it is being a good steward of donor funds. Equally important, developing these habits will enable you to lead with confidence and flexibility knowing...
In 1999, the CEO of Sun Microsystems said, "You have zero privacy... Get over it". In 2010, Mark Zuckerberg stated that privacy was dead. I think Zuckerberg must feel a sense of irony with what he's experienced this year over privacy and the transfer of Facebook users' information to Cambridge Analytica. I think it's fair to say that this...
Some time ago I spoke to a nonprofit executive who had great news. She had been talking to an influential person in the community who asked her a simple question."If you could do one thing to expand the work you're doing in the community, what would it be?"Her immediate response was "Invest in fundraising to make our revenue sustainable."The...
As was reported recently by CBS News (source below), fundraising for 2018 is down. Unfortunately, the new federal tax law that came into effect earlier this year was expected to depress giving to charity, and sure enough, that seems to be the way it is playing out so far in the year.As was noted in the CBS report in...
Not too long ago, I read on a social networking platform about a nonprofit candidate who would become the executive director of an organization where the founder would remain. I've written about this in the past, but this particular situation grabbed my interest because of what the board allowed to happen. I thought it was interesting, and a recipe...
Ask many people who work or serve on a nonprofit board and a lot of times you're going to hear a consistent theme. Often, board members don't have a thorough understanding about how to adequately serve on a nonprofit board, and unfortunately, many organizations don't have the resources to hire trainers to help people with good intentions to become...
Were you aware that only 144 nonprofits have grown to budgets exceeding $50 million in revenue since 1970? (See source below).That's probably surprising for you to learn, but the reality is that all you have to do is think about the nonprofits in your neighborhood. Most of the 1.5 million nonprofits in the United States operate with budgets of less than...
This year has not been too kind to Facebook, with the news about Cambridge Analytica and Mark Zuckerberg being asked to testify in front of Congress. Zuckerberg and his team used it as an opportunity to change the Facebook algorithms, again, and this can still bode well for your nonprofit if you're smart about it.The big news was that...
NonProfit PRO recently released a study called "2018 Nonprofit Leadership Impact Study: A Look at the Challenges Nonprofit Leadership Is Facing and How to Address Them." One of the findings of that report was the fact that:63 percent of respondents to their survey stated that digital fundraising accounted for less than 20 percent of their total revenue.20 percent of...
By now you probably know that your donors want to understand the impact that your nonprofit is making in the community. They are seeking deeper transparency and measurable metrics that demonstrate that your mission and the work you're doing is helping society and the people or causes that it serves.However, there's an element that cannot be missed, and that's...
