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  • Washington Nonprofit Health Insurers Reach Record Surpluses

    By The NonProfit Times — June 14, 2012

    Two nonprofit health insurers in Washington State have accumulated record surpluses of more than $1 billion, causing the state’s insurance commissioner to sound the alarm.

  • How To Save A Dead Job Search

    By The NonProfit Times — June 14, 2012

    Has your job search hit the skids? It happens to all job seekers at some point, but it doesn’t mean you have to accept it.

    It’s easy to get frustrated when you go weeks or months without any response from employers. You probably get advice from friends and family telling you to just take a break from the search for a bit. While it can be helpful to take a quick breather, there are other steps you can take to bring your job search back from the dead.
    It all starts with a self-assessment. Take a look at your skills and experience from the perspective of the employer. How do they match up with the organization’s needs? If you find that you are lacking in some areas, think of some creative ways to fill those gaps. Do you have any non-traditional experience you can add to your resume?
    Another part of your self-assessment should examine what job search methods you are using. Relying solely on online job boards or newspaper ads is not a great strategy, as they usually take the longest to bring in results. Make extensive use of your career network to enhance your applications, and consider directly contacting organizations you are interested in joining.
    The final step you should take is to re-evaluate your resume and cover letter. These documents are key to communicating your worth to the organization, so you need to be sure you are communicating these points effectively. Answer the following questions:
    • Are you communicating your value to the employer by explaining how your unique skills will help the organization reach its goals?
    • Are you using concise sentences that leave no doubt to your meaning?
    • Are you including only relevant information so the employer isn’t confused about your skills?
    If you answer yes to these questions by the end of your evaluation, your resume and cover letter should be in good shape.
    Resurrecting your job search isn’t something that happens overnight. It will take some time and a lot of hard work. But if you follow the steps in this post, you should be able to turn frustration into success.

  • Washington Nonprofit Health Insurers Reach Record Surpluses

    By The NonProfit Times — June 14, 2012

    Two nonprofit health insurers in Washington State have accumulated record surpluses of more than $1 billion, causing the state’s insurance commissioner to sound the alarm.

  • Boy Scouts Board Member Wants End To Gay Ban

    By The NonProfit Times — June 14, 2012

    The chairman and CEO of Ernst & Young and a board member of the Boy Scouts of America (BSA) has become the latest voice to speak out against the organization’s ban on gay members.

  • 10 Things To Ask Your Banker Right Now

    By Michele Donohue — June 13, 2012

    The bandit Willie Sutton was famous for saying he robbed banks because that’s where the money was kept. Nonprofits probably don’t need the firepower Sutton was packing. That doesn’t mean getting the cash is going to be as easy.

  • Education And Your Cover Letter

    By The NonProfit Times — June 13, 2012

    There’s no doubt that graduating college is exciting and something to celebrate. As important as a diploma is, however, it’s not the first thing that you should announce to an employer in your cover letter.

    Nonprofits certainly value education like any other business. In fact, you’d be hard pressed to get a decent nonprofit job without a college degree. Having said this, where you went to school has no bearing on whether or not you get the job most of the time. You want to make sure that the hiring manager reading your cover letter is not left wondering why you didn’t include more relevant details.
    A lot of college graduates make the mistake of mentioning their recent graduation in the opening of their cover letter. Every sentence in this document is valuable, and you want to make sure you spend as much time as possible highlighting the skills that will really make you stand out among the competition. Remember, your educational history will be clearly stated in your resume, so there’s no need to mention it again.
    The only references to school you should make in your cover letter are relevant internships or jobs you obtained through it. It’s also fair to bring up your major if it is applicable to the job for which you are applying. Otherwise, all mentions of education should be left in your resume. 

  • Nonprofit’s Organizational Issues To Cost City Thousands

    By The NonProfit Times — June 13, 2012

    Organizational issues within a Durham, N.C. nonprofit have forced the city to transfer $366,323 into a housing program that is on pace to lose the same amount of federal funds.

  • How To Collaborate Before A Merger

    By The NonProfit Times — June 13, 2012

    Nonprofit mergers don’t just happen overnight. It’s a long process that has many ups and downs and complications. In order for everything to happen smoothly, there needs to be constant communication between the parties.

    This is the advice of Thomas A. McLaughlin in his book “Nonprofit Mergers and Alliances, Second Edition.” He wrote that organizations must keep each other in the loop when discussing the possibility of a merger. This should begin by agreeing in advance — verbally and in writing — that no major decisions will be made without prior notice.
    What other topics should be discussed during merger collaborations? McLaughlin suggested the following topics:
    • Board of directors’ role or composition changes.
    • Changes in accreditation status.
    • Changes in major leases.
    • Changes in office or program site space.
    • Collective bargaining status.
    • Insurance coverage lapses.
    • Major asset acquisition or disposal plans.
    • Major media attention planned or anticipated.
    • Major new positions being added.
    • Management changes of any material kind.
    • New programs or services.
    • Planned borrowing activity.
    • Plans to submit proposals/new revenues received.
    • Possible or actual litigation.
    • Public processes anticipated (e.g., license renewals)/
    • Significant budget variances.
    • Unmet tax liabilities.

  • Wanted: Major Gifts Officer

    By The NonProfit Times — June 13, 2012

    Any experienced fundraiser will tell you that his/her ultimate goal is to secure the largest possible donations, known as major gifts. These are the lifeblood of any fundraising program, and now you have the chance to be responsible for these important gifts.

  • 5 Follow-up Email Techniques

    By The NonProfit Times — June 13, 2012

    People who work in nonprofit email communication programs understand that too many emails equals increased unsubscribes, lower open rates and reduced click-throughs. However, with average nonprofit open rates at 13 percent and click-through rates at 2.1 percent, there is a good reason why nonprofits should send several emails to subscribers — crowded inboxes.

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