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
When you joined your nonprofit, accounting may not have been on your list of new things to learn. However, understanding the key differences between nonprofit and for-profit accounting can help your organization make more informed decisions and better meet your goals. Nonprofit and for-profit … Read More
As a nonprofit, the penalties for excess benefit transactions can hurt your organization financially, possibly leading to a loss of tax-exempt status. These penalties can sink your reputation in the community as well, costing you valuable support. That’s a lot to lose and an incentive for you 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
Every year, your nonprofit’s dance, dinner, golf tournament, or other event is well-planned, well-promoted, and well-attended. However, the donations you receive to support your worthy cause may not be as plentiful as you’d like. Fortunately, you have some control over this variable. Making … Read More
If you want your nonprofit to stand the test of time, it’s vital to stay true to your mission and vision. However, the world around you is constantly changing, which means there may come a time when you need to refocus your mission in response to shifting societal needs or economic … Read More
Social media is a great way for friends and family to keep in touch. And it’s also an ideal means of promoting large businesses. In the midst of these uses, though, it’s easy to forget that many social media platforms are also useful for nonprofit organizations to build a presence, gain a following, … Read More
The Inflation Reduction Act became law in 2022, and though its name might not suggest it, the law actually includes both new tax breaks for nonprofit organizations and cash refunds for certain tax breaks. Until now, tax breaks didn’t affect tax-exempt organizations, so you may not have paid close … Read More
In many sectors, investors are primarily drawn in by one thing — the promise of a great ROI. The non-profit sector is an entirely different beast. People who donate money aren’t expecting a monetary return on investment. Instead, they come away with the knowledge that they’ve helped make the world a … Read More
If you run a non-profit, you’re tasked with convincing people to donate their money or time to your cause. This is arguably one of your most important duties, but it’s far from the only one. If you want your organization to keep inspiring good in the world, you need to master the art of … Read More