Greater than half (54 percent) of fundraising organizations polled have not been able to increase the overall percentage of revenue from fundraising during the past three years. An aging donor base and turnover among fundraising staffs pose further challenges to come.
Survey participants reported confidence level in their organization’s governance practices was 59%, down from 76% confidence level reported in 2014. This survey analyzed responses from leaders and board members at 616 organizations across the country from March-May 2016. Survey respondents have tripled since 2014 — confirming the importance of strong corporate governance among not-for-profit leaders.
Human Resources …
7 Action Items For Deferred Compensation
It only took nine years, but the Internal Revenue Service (IRS) earlier this year released proposed regulations for deferred compensation by tax-exempt employers. In 2016 the IRS started to offer specifics on Notice 2007-62.
Is your Nonprofit trying to do more with less? You can cut your payment processing costs by 60% with automation. In addition to reduced costs, you also have better visibility into spending. Wouldn't that be helpful for presenting to the board? Check out our guide to see how other nonprofits have benefited from automation.
6 Items On Your Financial Dashboard
Choosing the right financial dashboard is like choosing a dog to adopt: you want one that fits with your organization style and won’t chew up your funds (or your new shoes) in the process of getting used to each other. A strong financial dashboard provides a comprehensive view of your organization’s data and accessible, clear communication channels.
The increasingly complicated nature of computer networking has caused many organizations and for-profits to outsource either some or all of their computer operations, and many have experienced great success by doing so. Just bringing in an outside expert is no assurance of smooth operations, however, and it is not even a guarantee that there will be no risk of damage, to an organization’s operations (computer or otherwise) or its fundraising.