Concerns regarding rising healthcare costs have been at or near the top of the worry list of many nonprofit executives. An analysis of the Nonprofit Organizations Salary and Benefits Reports for 2010 through 2013, along with conversations with executives, shows the concern benefits have on the budget’s bottom line.
The director of facilities at the Woodruff Arts Center in Atlanta pleaded guilty in April 2013 to embezzling more than $1.1 million from the nonprofit. According to the Federal Bureau of Investigation, former employee Ralph Clark stole the money from the visual and performing arts center by submitting invoices for bogus expenses, picking the checks up in person, and then depositing them into accounts over which Clark had signatory authority.
Panera Bread Co. wants to give something back to the communities it serves, and one way it has is to launch a series of “community cafés” where “suggested donations” replace fixed prices on the menu. The concept is fine, but “it is challenging,” said Kate Antonacci, director of social impact initiatives for the Panera Bread Foundation, which operates the Panera Cares cafés.
Many nonprofits, especially human services, are struggling with reduced funding from government and donors. A solution to the shortfall could involve changing the way that nonprofits explain their missions. It’s a matter of choosing the right words, a process known as framing, and it can affect donors’ thinking.
Nonprofits that receive management and other services without charge from affiliated organizations will soon have to recognize the value of the activities, due to a Financial Accounting Standards Board (FASB) update.
Greater Hudson Valley Family Health Center Inc. had a “plain vanilla” 403(b) retirement plan for a long time. About a year ago the Newburgh, N.Y.-based medical services nonprofit decided to explore other options as part of a broad benefits overhaul aimed at stemming a high rate of executive turnover.
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