Ready for some good news? According to the January, 2009 issue of CFO magazine, there really is good news, although it took some work and optimism to unearth it. These are the positive developments.
Sure you run an efficient, effective organization. Doesn’t everyone know that? No, in fact they don’t.
The question of foundation compensation has been raised periodically as watchdogs keep a sharp eye on nonprofit operations.
Even before the economic melted down, nonprofits were facing stiff challenges, including intensified oversight in the form of regulations such as trying to adjust to Sarbanes-Oxley (SOX) even though nonprofits are exempt from the rules.
This isn’t Neverland. Young donors will not stay young donors forever. Hopefully the relationship building you do now with a person in the 20 to 40 age demographic will stick throughout the person’s lifetime, according to Derrick Feldmann, CEO of Indianapolis-based Achieve.
Your board — what is it good for? If you answered “absolutely nothing,” you might be thinking about Edwin Starr’s lyrics for “War.” Or, you might need to rethink your organization’s board strategy.
Who’s watching you?
Doesn’t it sometimes feel as though operations inside resemble a tug-of-war rather than a mutual effort?
Who’s minding the store?
As effective as these steps may be, there are a number of other things you can do to prevent the misappropriation of assets. Consider instituting the following eight procedures.
Current Print Edition
October 15, 2014Table Of Contents
Vol 28 No. 12
In The News