Thoughts on Nonprofit Leadership
When a company is trying to realize more revenues from sales, there are two factors that affect the outcome: price and volume. To make more money, either more people will buy the product, or people will pay more for the product, or some combination of the two. The same principle applies in...
As we said in Measuring Overall Fundraising Performance, net income is a better indicator of monies raised than gross income. Net income takes into account the costs associated with raising the funds while gross income doesn’t. You can increase net income by either increasing your revenues...
In What Foundation Reviewers Want to Know, Asked or Not we presented the eight questions grant reviewers want answered. In Grant Writing: Answering the Question What Need Will You Meet? we explored how to present the needs you are meeting in your proposal. In Grant Writing: Answering the...
By: Kathleen M. Clayton, CPA
Scene One
Development Director, “I just got this huge pledge! Closing in on my budget, maybe I’ll get a bonus. Put it in my donor data base already. I need to let accounting know.” Walking over to accounting department...
By: Kathleen M. Clayton, CPA of HBK CPAs & Consultants
Whether this is your first audit, and you have no clue what to expect or you’ve been involved in the process for years, there are always ways to make the process more efficient.
Rule #1 – Plan ahead
When should you start...
According to Giving USA, foundations account for 18 percent of the charitable dollar. Do you want to increase your revenues from foundations over last year? Yes? Start by evaluating last year’s grants performance. Did you apply for grants that were in line with your mission? Were your grant...
Do you want to raise more money in 2020 than you did in 2019 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)...
