| |  BlumShapiro is New England's award-winning certified reseller of AccuFund, a leading accounting software solution developed specifically for nonprofit organizations that require flexible reporting options coupled with the simplicity desired by end users. Watch this video and see how AccuFund can improve the efficiency of your finance department. | | Editor’s Note: Thanks for being a subscriber to NPT Exempt. There’s lots of news and information in the nonprofit world and we try to let you know about all of it. Sometimes we’ll Tweet it from @NonProfitTimes and sometimes we’ll post it to Facebook at www.facebook.com/thenonprofittimes Please take a minute to both follow us on Twitter and friend us on Facebook for the latest info out there. International Exchange Can Get Dicey
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 programs. Kathryn Powers, global treasurer of World Vision, based in Federal Way, Wash., believes that this starts by understanding the process as a “cash management story” by painting a big picture of what is at work to see which particular mechanism is appropriate. |
Finance...
Inflation rate more than doubles for schools
The inflation rate for colleges and universities was 2.3 percent for fiscal 2011, which ended on June 30, 2011, more than double the 0.9 percent rate for fiscal year 2010 and reversing a decelerating trend that began in 2008. This compares with an annualized Consumer Price Index (CPI) -- calculated using an average of monthly CPI index figures from July to June -- of 2 percent for the same period. According to the Higher Education Price Index (HEPI) from the Commonfund Institute in Wilton, Conn., there are eight cost factors that contribute to the HEPI regression calculation: faculty salaries, administrative salaries, clerical salaries, service employee salaries, fringe benefits, miscellaneous services, supplies & materials, and utilities. The regression equation assigns a different weighting to each cost factor, and therefore a change in one component may influence the final HEPI calculation more than another. The components that are most heavily weighted are faculty and clerical salaries and fringe benefits.  |
Technology...
4 tips for software training
Many presenters make live or online training look easy. It’s not—at least, not for the occasional or first-time presenter facing a roomful of new users seeking help with complex software. Here are some thoughts on preparing for trainings that can help overcome stage fright. * Be yourself. Even if you haven’t done a lot of training, draw on your own style—everybody has one. Apply whatever personally traits make you good in other circumstances to training. |
Management...
4 necessary culture practices
“Organizational culture” can be a term fraught with uncertainty, ambiguity, almost any “ity” one wants to mention. In their book “The Nonprofit Organizational Culture Guide,” Paige Hull Teegarden, Denice Rothman Hinden and Paul Sturm stress the importance of understanding what organizational culture means in the nonprofit sector and what it means within each organization in the sector. | |
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