News & Articles

Balance The Books

March 6, 2012       Cheryl Olson      

Audit committees face many challenges, especially when the members are volunteers with other “day jobs,” as is true in most nonprofits. And when it comes to accounting, other than one plus one generally equally two, there are constant changes in standards and processes.

You Need A Methodology

March 6, 2012       Joseph Paul Timpano      

All nonprofits require the creation of a specific internal control methodology as the basis for conducting operations. It isn’t enough for your organization to only seek to expand revenue goals or marketing strategies. The benefit of an internal control methodology is to ensure integrity in your organization’s reporting, efficiency in processing and consistent standards to reduce costs and redundancy.

Active First Half For Share Prices Of Nonprofits’ Vendors

March 6, 2012       Mark Hrywna      

Last year’s resurgence of stock portfolios since the nadir of the economy in 2008 has slowed somewhat into 2011, but there are still more winners than losers among companies that have a hand in the nonprofit sector.

Converting The Cash

March 6, 2012       Samuel Fanburg      

With operations in nearly 100 countries, World Vision gets a considerable amount of international donations. But through foreign currency hedging and focusing on the best monetary practices, the organization has been able to create an efficient cash stream to fund their programs.

Donor Diversity

March 6, 2012       Janice Gow Pettey      

A story is told about a southern gentleman who owned a grove of beautiful oak trees. Well established and much admired, these oak trees were a source of great pride. On a trip to another part of the country, the man discovered peach trees. Taken with their lovely blossoms and sweet fruit, he decided that peaches would be a good addition to his grove.

In the Crosshairs

March 6, 2012       Kristalyn Loson      

The New York Attorney General (NYAG) recently crossed into what some consider the hallowed ground of charities, by launching an investigation into cause-related marketing of “pink ribbon” charities. In its own recognition of National Breast Cancer Awareness Month, the NYAG is examining charities and commercial partners that are involved in a cause-related marketing campaign representing that a portion of the sales of a product or service will support breast cancer research or screening.

Prospect Wealth

March 6, 2012       Gary Morton      

When the $200 million Reed College Centen­nial Campaign began five years ago, the school turned to donor pros­pect research to help identify alumni and college friends who might be able to make a major gift.

Return On Investment

March 6, 2012       Mark Hrywna      

Stocks of a dozen public companies that service nonprofits were up by almost 8.5 percent collectively by mid-year 2011 before tailing off to finish with a gain of less than 1 percent, lagging the Dow, yet besting most of the major indices.

Of Pay And Perks

March 6, 2012       Mark Hrywna      

Paul Logli might have seemed like a before repentance Grinch when he joined the United Way of Rock River Valley as president and chief executive officer in December 2008. The Rockford, Ill.-based affiliate of United Way Worldwide went through a sharp contraction not long after he arrived — a result of the downward spiraling economy. It also discontinued its tuition reimbursement and 401(k) matching contributions.

Treat Donors As If They Are Investors

March 6, 2012       Samuel Fanburg      

Viewing direct mail as “costly” and “disappointing,” William Kiel, vice president of development for Allegiance Health, said the three-year-old organization has had to take a more innovative approach toward fundraising given its youth.