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For nonprofits, it’s vital to consistently look for ways to keep costs down while also increasing your impact. Your mission demands you deliver high-quality services on a limited budget, which can be a challenge. But one strategy your nonprofit can benefit from is targeting sharing resources. … Read More
As a nonprofit — by definition, working for the greater good of society — you expect your organization to be liked by everyone. After all, who could be against a group working to improve the world around them? Still, at the heart of a nonprofit’s mission is trust, and while a 2024 survey from … Read More
You saw something in your community that could use help or needed fixing. That’s why you started a nonprofit or joined its board of directors. So you don’t want to let ineffective or dysfunctional board meetings keep your nonprofit from carrying out its mission. Estimates range from 66 percent to … Read More
If you head a board of directors for a nonprofit, one of your number-one challenges is recruiting and retaining good board members. The prized community leaders you target for recruitment may want to help but fear that the work will overwhelm their schedule. And current board members may be … Read More
Successful nonprofits develop a culture that defines the operations of an organization. Even if your nonprofit has established a proven record and reputation of success, team members can grow complacent, which in turn results in diminished productivity. Like a loaf of fresh bread, your nonprofit … Read More
To compensate or not to compensate board members, that is one of the most difficult questions to answer for nonprofit leaders. Most nonprofit leaders do not even consider compensating board members, but several reasons make paying your nonprofit’s most valued consultants a good idea. Develops … Read More
Volunteers represent the heart of a nonprofit organization. Without a group of dedicated volunteers, your nonprofit would not have the financial resources to achieve its goals. However, volunteers present a liability risk, from a volunteer sustaining one or more injuries while onsite to several … Read More
Economic indicators can leave the leaders of nonprofits confused as to the financial direction their organizations are heading towards being in awry causing both short and long term effects. The current status of the American economy is especially difficult to figure out. On the one hand, we have a … Read More
A nonprofit's employees within an organization are highly vulnerable to cyberattacks. Because of a lack of financial resources, many nonprofits do not have the money to invest in the most advanced cybersecurity tools to combat hackers. However, money is not the only factor preventing nonprofit … Read More
Nonprofit and for-profit organizations share many similarities, such as analyzing key performance indicators (KPIs) to determine the level of success. 4 ratios worth watching is an example of a KPI for a nonprofit organization is to determine whether you have reached a fundraising goal. Leveraging … Read More