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News:
Giving Increases But So Does Demand Tips Section:
Finance …
Auditing due to the American Recovery and Reinvestment Act Online …
Pictures said 94,000 words for TNC Human Resources …
7 new rules for 403(b) retirement plans Job Posting of the Week:
Marketing Director for NORWESCAP Giving Increases But So Does Demand More nonprofits reported increased donations during the first nine months of this year than 2009 but many still face critical decisions about staff and service cuts going into 2011. Only 23 percent of organizations reported increased donations in the first 10 months of 2009, compared with 36 percent reporting increases this year, according to a survey released today by the Nonprofit Research Collaborative (NRC). About 37 percent of charities reported a decrease in donations this year, down from 51 percent in 2009. Among nonprofits reporting declines in giving, the main reason was fewer individual donations and smaller amounts, as well as lower amounts from foundations and corporations, according to the study. “The Nonprofit Fundraising Survey: November 2010” is the first product of the NRC, a collaboration between six organizations: the Association of Fundraising Professionals, Blackbaud, the Center on Philanthropy at Indiana University, the Foundation Center, GuideStar USA Inc., and the Urban Institute's National Center for Charitable Statistics. Click Here to Read Complete Article... Tips Section Finance …
Auditing due to the American Recovery and Reinvestment Act ARRA. It sounds like something actor Robert Newton would say when playing pirate Long John Silver, but it stands for the American Recovery and Reinvestment Act. Speaking during the recent AICPA Not-For-Profit Financial Executive Forum, Kimberly McCormick of Grant Thornton LLP related several early findings about ARRA funds and the auditing attached to them. McCormick said the objectives of a single audit were to determine the financial statements are presented in accordance with Generally Accepted Accounting Practices (GAAP), determine the Schedule of Expenditures of Federal Awards (SEFA), determine if the entity has complied with direct and material compliance requirements, and understand and test the operating effectiveness of internal controls over compliance over each major federal program. There were problems attached to the single audit, however. They include: * Internal controls were not adequate to ensure ARRA funds were properly reported.
* Internal controls were not adequate to minimize excess unspent balances of ARRA funds at the grantee and sub-recipient levels.
* Internal controls were not adequate to ensure ARRA expenditures were allowable.
* Procurement internal controls were inadequate.
* Internal controls were not adequate to ensure eligible goods and services were provided to eligible individuals and entities.
* Auditees were not providing sub-recipients with timely information about federal award requirements, increasing the risk of noncompliance with grant terms.
* Internal controls were not adequate to ensure accurate and timely reporting. Online …
Pictures said 94,000 words for TNC It's one thing to talk about the way to do something, but at the recent AICPA Not-For-Profit Financial Executive Forum, John Kenyon, a technology educator who has worked exclusively with nonprofits for 20 years, outlined a successful social media campaign that worked well for The Nature Conservancy (TNC). The organization asked for engagement, not money, with a contest for people to submit photos related to the organization's mission and 8,500 members of TNC's group on Flickr shared nearly 94,000 photos, with a click-through rate of more than 10 percent on ads promoting content and more than 7,200 new members registered. Kenyon said TNC framed its call to action to answer three questions: *Why me? The pictures helped the audience relate to the cause.
*Why now? The contest created urgency with a deadline.
*What for? People were rewarded for participating. Further, he said that success with social media relies on the following principles: *Bridge to offline behavior change or action.
*Listen first, engage second.
*Build relationships with influencers.
*Leveraging a networked effect.
*Content has a social life.
*Staff time and expertise.
*The right metrics.
*Small pilots – learn, reiterate.
*Assess the organizational culture. Human Resources …
7 new rules for 403(b) retirement plans Employee retirement plans can be complicated for anyone, but of course the nonprofit sector has to deal with a staggering array of extra bureaucracy. Speaking at the recent AICPA Not-For-Profit Financial Executive Forum, Kara Tedesco of Milliman and Diane Wasser of EisnerAmper LLC in New York City offered a look at highlights of the final regulations of the new 403(b). These include: * A written plan document requirement. The written plan must include all material provisions: eligibility, benefits, contribution limits, available investment contracts and accounts, timing and form of distributions, allocation of compliance responsibilities between employer and service providers.
* Stricter contract exchange and transfer rules. The participant must be a current or former employee of the employer whose plan is receiving the assets. If a partial transfer of a 403(b) account occurs, there is a need to include a pro rata distribution of any employee after-tax contributions.
* Non-discrimination requirements. What's granted to one must be granted to all.
* Ordering of catch-up contributions. If an employee is eligible for both the 15-year catch-up and age-50 catch-up, but does not defer the maximum amount, use the 15-year catch-up first and then the age-50 catch-up.
* Timing of deposits of employee deferrals. Salary deferrals must be transferred to the 403(b) plan's investment vehicle as soon as reasonable for proper plan administration, only for non-ERISA plans.
* Plan distributions. Self-certification is insufficient and not allowed.
* Plan termination. Prior rules did not allow for plan terminations. Job Posting of the Week About NORWESCAP
We are a six-county nonprofit community action program in NW NJ serving 30,000 low income persons in the areas, of housing, health, nutrition, self sufficiency, child care & development, asset growth, volunteer matching, job skill development, information & referral and other emergency serives.We are outcome oriented, with an excellent board and a staff culture of social entrepreneurship.
Job Description
As Strategic Communications Director you will be responsible for planning, initiating and managing the marketing and public relations activities for NORWESCAP . You will focus on promoting and expanding the reach and impact of agency's educational, advocacy and programmatic events in NWNJ. You will plan the overall communications strategy, develop branding and messaging then promote the organization and its programs across various media outlets including traditional television, radio and print as well as seminar and conference speaking opportunities, press releases, direct mail, advertising and the entire online realm of websites, blogs, wikis, social networks and related portals. You will report directly to the Executive Director to achieve the organization's targeted strategic communications goals.
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