If your non-profit has lost financial support during the pandemic, you may be looking for ways to raise new revenue. But if your proposed solution is a side business, be careful. Even when business ventures are related to a non-profit’s exempt purpose, they can run...
It has been almost a year since many non-profit organizations sent staffers home to work remotely. For many non-profits and employees, remote work has been a positive experience. And as the pandemic fades, you will probably need to decide whether employees should remain where they...
Most non-profit organizations collect vast volumes of data. But according to a study conducted by EveryAction and Nonprofit Hub, only 40 percent of non-profits regularly use that data to drive decisions. The majority of organizations that do not analyze and apply data say they lack...
Many non-profits have been too busy trying to stay afloat to put a lot of resources and energy into public relations. As the new year begins, however, you might start thinking about how you will promote your organization, mission, and programming in 2021. Here are...
Your accounting and development departments are central to the continued financial health of your non-profit. So, what happens when communication between these two functions break down? It could result in conflict between staffers, inaccurate financial statements, and, in a worst-case scenario, the forfeiture of grant...
Many non-profits experience a flood of last-minute donations at the end of the year. Although cash is easy to value, valuing noncash property donations is more difficult. If you are struggling to assign amounts to contributions — either for a donor or your own records...
If your charity or association depends financially on membership fees, you know that non-renewals are cause for concern. During this time of economic and occupational insecurity, you may be experiencing membership drop-offs and some anxiety about your organization’s future. How can you help retain members...
If the events of 2020 have taught non-profits anything, it is that financial reserves are essential to long-term survival. An endowment is different from operating reserves and generally is designed to provide steady income to a non-profit while its core investments grow untouched, but that...
Holiday-inspired generosity and the desire to reduce tax liability makes the end of the year a busy time for charitable giving. According to Network for Good and other sources, approximately 30 percent of charitable gifts are made in December alone. For non-profits, an important part...
It has been a tough year for non-profits. Many have experienced an increased demand for services just as revenues have plummeted. Until the COVID-19 pandemic is over, your organization’s board of directors will likely play a special role in ensuring that it remains on track...