As a nonprofit, the penalties for excess benefit transactions can hurt your organization financially, possibly leading to a loss of tax-exempt status. These penalties can sink your reputation in the community as well, costing you valuable support. That’s a lot to lose and an incentive for you to … Read More
If you head a board of directors for a nonprofit, one of your number-one challenges is recruiting and retaining good board members. The prized community leaders you target for recruitment may want to help but fear that the work will overwhelm their schedule. And current board members may be … Read More
If you want your nonprofit to stand the test of time, it’s vital to stay true to your mission and vision. However, the world around you is constantly changing, which means there may come a time when you need to refocus your mission in response to shifting societal needs or economic … Read More
Social media is a great way for friends and family to keep in touch. And it’s also an ideal means of promoting large businesses. In the midst of these uses, though, it’s easy to forget that many social media platforms are also useful for nonprofit organizations to build a presence, gain a following, … Read More
The Inflation Reduction Act became law in 2022, and though its name might not suggest it, the law actually includes both new tax breaks for nonprofit organizations and cash refunds for certain tax breaks. Until now, tax breaks didn’t affect tax-exempt organizations, so you may not have paid close … Read More
In many sectors, investors are primarily drawn in by one thing — the promise of a great ROI. The non-profit sector is an entirely different beast. People who donate money aren’t expecting a monetary return on investment. Instead, they come away with the knowledge that they’ve helped make the world a … Read More
If you run a non-profit, you’re tasked with convincing people to donate their money or time to your cause. This is arguably one of your most important duties, but it’s far from the only one. If you want your organization to keep inspiring good in the world, you need to master the art of … Read More
The employees at cash-strapped nonprofit organizations work tirelessly to raise money to support worthy causes. Considering Cryptocurrency Donations may provide an alternative funding resource. Donations from corporations to individual households make up the bulk of the cash raised by nonprofits. … Read More
Nonprofits, as well as their counterparts in the private sector, traditionally took care of all human resources matters in-house, from recruiting new talent to retaining productive employees, nonprofit organizations spent the time and money required to complete all HR tasks. Have you ever thought … Read More
Successful nonprofits develop a culture that defines the operations of an organization. Even if your nonprofit has established a proven record and reputation of success, team members can grow complacent, which in turn results in diminished productivity. Like a loaf of fresh bread, your nonprofit … Read More