Thoughts on Nonprofit Leadership
One of the most difficult tasks an executive director undertakes is to get his or her nonprofit financially stable and grow. The task is especially hard during times of economic distress, when money is hard to come by and the need for services rises exponentially. To get your agency on a...
In some nonprofits, the fundraising goal is determined by a budget deficit. Expenses are set first, then committed revenues are put in. The deficit is the fundraising goal for the year. For other nonprofits, the annual fundraising goal is last year’s budget increased by whatever percentage....
We’ve all been hit hard by COVID. Every nonprofit I know has experienced some kind of negative financial impact because of the pandemic. Expenses went up as cleaning guidelines got stricter. Your nonprofit may have had to invest heavily in personal protection equipment. Revenues are down as...
In Measuring Overall Fundraising Performance we talked about the difference between gross and net income and how net income is a better indicator of fundraising success than gross income. We also discussed influencing the relationship between the amount of donations and number of donors. In Data...
Every executive director, board member and fundraising professional I know wants to increase income for their nonprofit organization. The question they have is, “What nonprofit fundraising strategy will generate the most income?”
By increasing income, I mean increasing net income....
Do you want to raise more money in 2021 than you did in 2020 for your nonprofit agency’s mission? Do you want to have money left over after all the bills are paid? Do you want your nonprofit to make the most money it can? Then you need three things: 1) strict adherence to mission; 2)...
by Linda Lysakowski, ACFRE
Are gift acceptance policies really important? Here are some real-life stories of organizations who found themselves in a dilemma because they did not have policies in place. And others, who were “saved by the bell” because they did have policies in place.
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By: Kathleen M Clayton, CPA
Really need a CFO but can’t afford one? Outsourcing might be the answer for your organization.
Outsourced accounting professionals help direct the financial processes that would typically be done by your or your own employees. The services can...
In Measuring Overall Fundraising Performance we talked about the two factors that you can influence to bring in the most money: the amount of dollars raised and the number of people giving. Today, we are going to go into more depth about how to influence more people to give and how to influence...
