To compensate or not to compensate board members, that is one of the most difficult questions to answer for nonprofit leaders. Most nonprofit leaders do not even consider compensating board members, but several reasons make paying your nonprofit’s most valued consultants a good idea. Develops … Read More

Volunteers represent the heart of a nonprofit organization. Without a group of dedicated volunteers, your nonprofit would not have the financial resources to achieve its goals. However, volunteers present a liability risk, from a volunteer sustaining one or more injuries while onsite to several … Read More

Economic indicators can leave the leaders of nonprofits confused as to the financial direction their organizations are heading both in the short and long term. The current status of the American economy is especially difficult to figure out. On the one hand, we have a nearly record number of job … Read More

Nonprofit organizations are highly vulnerable to cyberattacks. Because of a lack of financial resources, many nonprofits do not have the money to invest in the most advanced cybersecurity tools to combat hackers. However, money is not the only factor preventing nonprofit organizations from staying … Read More

Nonprofit and for-profit organizations share many similarities, such as analyzing key performance indicators (KPIs) to determine the level of success. One example of a KPI for a nonprofit organization is to determine whether you have reached a fundraising goal. Leveraging KPIs measures the health of … Read More

Managers that oversee the operations at nonprofit organizations have to worry about a wide variety of issues, from achieving fundraiser goals to coming up with creative ways to recruit volunteers. One of the concerns of nonprofit managers that often flies under the radar concerns staffing. How many … Read More

For nonprofit organizations that depend on membership fees for revenue, drumming up support for memberships and subscriptions in 2023 has emerged as one of the most difficult challenges for managers. With inflation remaining the wrench thrown into the economy, many members and subscribers look to … Read More

Nonprofit organizations operate on razor-thin budgets. They have to raise enough money to afford funding outreach programs, as well as sponsor special events that raise awareness of their worthy causes. Budgeting for nonprofits became especially problematic during the COVID-19 pandemic when … Read More

As one of the managers responsible for your nonprofit’s tax and accounting reports, you understand the implications of making errors on a wide variety of statements. Just one error with a tax form, one mistake on a balance sheet, or one oversight for a reconciliation statement, and your organization … Read More

The COVID-19 pandemic created an economic firestorm that many nonprofit organizations have discovered to be difficult to put out. High inflation has taken a bite out of the budgets of nonprofit organizations and many nonprofits must fill a record number of job openings caused by an acute labor … Read More