Thoughts on Nonprofit Leadership
This article is about finding the money for nonprofit training and professional development. While many nonprofits understand the importance of investing in continuing education, many of them still underinvest. After all, budgets are tight. And professional development is not a core expense....
So, how do you afford to hire development staff who are skilled, qualified, and experienced, especially if you are a small to midsized nonprofit? Don’t these types of candidates apply to the jobs that pay well, usually found in big organizations?
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You’re an executive director. Finances are tight. You need to grow your fundraising capacity but don’t have the money to do it. What do you do?
Most nonprofit leaders focus on executing those fundraising activities that raise the most gross revenues, not accounting for costs,...
Are you looking for more money to pay for rent, utilities, administrative salaries, and other core operating costs? What if I told you could find it, with just a few small changes to the way you are currently fundraising?
If your agency is like most nonprofits, you have funding for programs but...
I know what it’s like - sweating the finances – when not as much money is coming into your nonprofit when it was expected to come in. Government payments are delayed yet you are still expected to run the programs they fund. Grants were submitted later than anticipated. A major gift...
Crafting a budget is often then hardest part of grant writing. It was for me when I first started. I was a program developer, not an accountant. When accounting created the budgets, they had costs I didn’t recognize. And when I crafted them, accounting invariably added expense lines. Which...
The usual nonprofit fundraising strategies generate revenue through individual giving, foundation requests, corporate contributions, special events, and government contracts. Each comes with its own set of financial costs and benefits.
Raising Money from Individuals
According to Giving USA,...
Let’s be clear here. Profit and wealth accumulation are not dirty concepts in the nonprofit arena. They are needed constructs if you want your agency to get ahead.
Making a Profit
All making a profit means is a realization of positive net income, that is, revenues coming in are greater than...
By Kathleen M. Clayton, CPA
Scene One
Development Director, “I just got this huge pledge! Closing in on my budget, maybe I’ll get a bonus. Put it in my donor data base already. I need to let accounting know.” Walking over to accounting department...
