Nonprofits are well aware of the need for good accounting for their money, but they often overlook the importance of good accounting of assets other than cash.
It might seem to many who labor in the nonprofit trenches that too many decisions are made with money rather than mission, or employees, or anything else, in mind.
Myths go back as far as humans communicating with each other. They might be fictional, but they offer some kind of truth about the society that embraces them.
When you’re raising funds from individual donors, the need for strong social and professional connections is a given. But when you’re going after foundation and corporation dollars, do connections matter?
Unless your nonprofit is one of the rare ones that has a board of directors that actually enjoys raising money, it’s likely you have to do a little bit of prodding to get your board members to do it.
According to an email survey conducted by eROI.com, 37 percent of marketers admitted they do not test their campaigns before launching them, which can lead to vulnerabilities in the effectiveness of the results. One of the most important aspects of ensuring resonance of your message is to test it.
It is understandable that managers are looking for something from their boards, but that shouldn’t blind them to the fact that boards are looking for something from them, too. Engagement on both sides can be helpful all around.
Most nonprofit leaders accept the idea that income inequality really exists in this country and that it is a serious, and growing, problem. Of course, every time anyone tries to raise this issue, the response is, “We’ve got to cut the federal budget or the world will come to an end.”
All a nonprofit needs is passion, right? Well, it helps, but a balance sheet in the black never hurts either.
It takes a lot to run a humanitarian organization, but Wayne Elsey, founder and chief executive of Soles4Souls, a nonprofit providing footware to people in need, has come up with 12 ideas that he says he has put into practice and that he suggests can make nonprofits work. They are:
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