Stressful times such as the Great Recession have forced nonprofit managers to look closely at what they do and how they do it. Dealing with a crisis can often be helpful in the long run, and some managers have gained from the experience.
Anyone who has undergone an audit by the Internal Revenue Service (IRS) knows the tension of trying to answer questions while staying aware of everything that is going on. Simple mistakes can look like huge discrepancies under the scrutinizing of an IRS accountant, and organizational reputation could even be at stake.
The challenge of attracting investment capital to underserved areas continues and even has intensified recently. One way of trying to address that problem is the New Markets Tax Credit (NMTC), which was designed to provide a modest tax incentive to increase the flow of private-sector capital to those areas in need.
Is your organization getting everything it needs from its board? If you don’t think so, or even if you do, it’s time to start doing a board assessment.
Concern regarding misuse of charitable funds and the desire of elected officials to give the appearance of protecting the common good have combined to create pressures on nonprofit leaders to provide accountability, especially in the area of compensation.
The click is dead. Long live brand awareness. “I don’t give a (expletive) about clicks. I just want to sell cars.” Those were the words of a vice president at Toyota, as relayed by Daniel McCallum, a Westminster, Colo.-based account manager at data analytics firm Datalogix.
What is that thing called stewardship? Many people would have trouble defining it, even if they have a pretty good idea of what it is.
Do you think the federal budget cuts mean you can kiss the hope of a federal grant goodbye? You’re not alone, but you’re also wrong. Dr. M. Linda Wastyn, president of Davenport, Iowa’s Wastyn and Associates, and Robert Bradner, a partner at law firm Holland and Knight in Washington, D.C., busted that myth and others during the recent Grant Professionals Association National Conference in Baltimore, Md.
Like most endeavors, asking potential donors for money can be difficult, But, during the National Catholic Development Conference last fall, Brian Saber, president of Asking Matters, said that asking can be approached in five steps, with the person doing the asking being mindful at each step about his/her personality type or asking style.
No one expects nonprofit board members to predict the future, but planning is a vital part of their job.