Although having a noble purpose and clear vision are necessary for a good nonprofit, and especially for one seeking grant funding, knowing how to apply for grant money is crucial for any organization.
When establishing a planned giving campaign, nonprofits should offer potential donors several options that generate income.
Although nonprofits have traditionally taken care of many of their fundraising and marketing needs in house, they are increasingly looking to outside agencies for help.
Keeping track of finances, especially for someone who is not an expert in such a field, can be a baffling job. For the uninitiated, even keeping track of ways to keep track of finances can be filled with frustration.
Despite all the self-contradictory calls among politicians and media shouters, running a nonprofit does require a certain degree of business-type management.
Although discussion, let alone mention, of Sarbanes-Oxley (affectionately known as SOX) is unlikely to elicit praise from nonprofit managers, it has caused a great deal of angst in another quarter.
The increased emphasis on scrutiny of nonprofit governance by the Internal Revenue Service (IRS) is evident from the fact that the revised Form 990 has several questions about governance prominent on the first page.
It all started somewhere. No matter how big the organization, it probably started with those first stumbling steps.
Fraud in the nonprofit/philanthropic sector is not new, but every instance is distressing. Whether occurring at the high-profile national level or on a more local level, nonprofit dishonesty causes problems that are far-reaching as well as wrenching.
So, it’s your first day as CEO of a nonprofit, or any entity, for that matter. Marshall McNott has been there, spending 40 years as president, CEO or executive director, as well as board member, with several nonprofits.
Current Print Edition
July 1, 2015Table Of Contents
Volume 29 No. 8
In The News