Thoughts on Nonprofit Leadership

Common Budgeting Mistakes NOT to Make ā€“ And the Easy Solutions that Will Revolutionize Your Fundraising Results financial management for executive directors

 

One of the most difficult tasks an executive director undertakes is to get his or her nonprofit financially stable and grow. The task is especially hard during times of economic distress, when money is hard to come by and the need for services rises exponentially. To get your agency on a...

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How to Set Good Revenue Goals Amidst COVD-19 development planning financial management for executive directors

In some nonprofits, the fundraising goal is determined by a budget deficit. Expenses are set first, then committed revenues are put in. The deficit is the fundraising goal for the year. For other nonprofits, the annual fundraising goal is last year’s budget increased by whatever percentage....

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How to Rebuild Your Nonprofitā€™s Finances During COVID-19 financial management for executive directors

We’ve all been hit hard by COVID. Every nonprofit I know has experienced some kind of negative financial impact because of the pandemic. Expenses went up as cleaning guidelines got stricter. Your nonprofit may have had to invest heavily in personal protection equipment. Revenues are down as...

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Optimizing Your Fundraising Resources evaluation financial management

In Measuring Overall Fundraising Performance we talked about the difference between gross and net income and how net income is a better indicator of fundraising success than gross income. We also discussed influencing the relationship between the amount of donations and number of donors. In Data...

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Developing a Nonprofit Fundraising Strategy that Optimizes Fundraising Performance development planning financial management

Every executive director, board member and fundraising professional I know wants to increase income for their nonprofit organization. The question they have is, “What nonprofit fundraising strategy will generate the most income?”

By increasing income, I mean increasing net income....

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Creating a Fundraising Budget that Increases Both Mission and Money development planning financial management

Do you want to raise more money in 2021 than you did in 2020 for your nonprofit agency’s mission? Do you want to have money left over after all the bills are paid? Do you want your nonprofit to make the most money it can? Then you need three things: 1) strict adherence to mission; 2)...

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Why It Pays to Have Gift Acceptance Policies: True Life Storiesā€”the Good, the Bad and the Ugly financial management fundraising

by Linda Lysakowski, ACFRE

Are gift acceptance policies really important? Here are some real-life stories of organizations who found themselves in a dilemma because they did not have policies in place. And others, who were “saved by the bell” because they did have policies in place.

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Think Outsourcing! financial management

By:  Kathleen M Clayton, CPA

Really need a CFO but can’t afford one?  Outsourcing might be the answer for your organization. 

Outsourced accounting professionals help direct the financial processes that would typically be done by your or your own employees. The services can...

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Data That Tells You How Effective You Are With Your Donors evaluation financial management fundraising

In Measuring Overall Fundraising Performance we talked about the two factors that you can influence to bring in the most money: the amount of dollars raised and the number of people giving. Today, we are going to go into more depth about how to influence more people to give and how to influence...

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