One of the strongest predictors of a non-profit’s long-term survival is multiple revenue streams. Many organizations with only one or two found that out that the hard way when they failed during the 2008 recession. The same is likely to be true for non-profits that...
The novel coronavirus crisis has put enormous financial stress on many non-profits — whether they are temporarily shut down or actively fighting the pandemic. If cash flow is scarce, your organization may need to do more than trim expenses. Here is how to assess your...
Limited staff and financial resources during the novel coronavirus pandemic may have your non-profit looking for new ways to achieve your mission. Partnering with a like-minded organization potentially enables you to pool funds, staff, and supporters — temporarily or permanently. Two Primary Arrangements There are many types...
The novel coronavirus (COVID-19) pandemic has forced many of us to work differently — whether it is isolated at home or in-person wearing facial masks and other protective gear. Even if your non-profit’s board of directors usually meets in person, current events strongly suggest the...
As unemployment and financial insecurity become widespread during the novel coronavirus (COVID-19) crisis, many non-profit donors find themselves unable to provide monetary support to their favorite charities. Instead, your organization may receive offers of gifts in kind or donated services. Although you likely welcome these...
One of the many challenges of operating a non-profit organization during the coronavirus (COVID-19) pandemic is that just when you desperately need financial support, many donors are unable to help. Widespread unemployment, stock market volatility, and general uncertainty make even dependable donors reluctant to part...
Although most non-profits have been hurt by the coronavirus (COVID-19) pandemic, your organization’s specific challenges probably depend on your mission, constituency, and other factors. For example, social distancing rules have forced most arts organization to temporarily shut down and furlough employees. Many social services charities,...
On March 27, the Coronavirus Aid, Relief, and Economic Security (CARES) Act was signed into law. How is this massive $2 trillion recovery package poised to help your non-profit organization? It depends on your size, financial condition, and other factors. But most non-profits affected by...
Whether your non-profit is newly deluged with demand for services or you have closed doors temporarily, it is important to keep up with legislation responding to the coronavirus (COVID-19) crisis. On March 18, the Families First Coronavirus Response Act was signed into law to provide...
It is all too easy to let non-profit programs that have outlived their effectiveness to continue, even as they consume budget resources. To help ensure your resources are being deployed efficiently and effectively, consider using the tradition of spring cleaning to review and, potentially, replace...