Here's a chance with Bryan Orander, Charitable Advisors
I don't usually respond well when I hear people make simplistic statements like "nonprofits should run more like businesses". When I ask for clarity, they discuss setting aggressive goals; executing effective marketing strategies; building a brand; recruiting the best people; and generally operating in an intentional, well-organized manner. So they are saying that a ten person nonprofit should operate like Eli Lilly & Co? From a practical standpoint, my perception would be that most nonprofits are run as well as or better than small businesses of comparable size.
That being said, here is an affordable opportunity for a member of your nonprofit leadership team to join me and a cohort of other nonprofit leaders and managers to reflect on where your organization is headed and what you need to do to improve your impact, financial and staff management, and operations. We are adapting the 10 week FastTrac Growth Ventures curriculum from the Kauffman Foundation for use with nonprofit leaders and organizations. The first class will be approximately 15 executive directors and senior staff of established area nonprofits. In addition to the FastTrac business curriculum we will also talk the key issues that make nonprofits unique with guest speakers fromn the foundation and nonprofit community.
The host organization for this class is Business Ownership Initiative, a local nonprofit partner of the Greater Indianapolis Chamber of Commerce. The cost is only $495 for 10 Friday mornings, beginning on April 18 and running through June. For more information and registration, go here.
Bryan Orander, President of Charitable Advisors and Publisher of the Not-for-Profit News will be the lead facilitator for this session. www.CharitableAdvisors.com. Feel free to contact Bryan at 752-7153 or Bryan@CharitableAdvisors.com or Jackie Troy at BOI email@example.com with questions.
Tuesday, March 4, 2014
Considering Retirement? – I WILL Retire Someday – Available exclusively to nonprofit CEO/EDs within 10 years of retirement, this free session provides an opportunity to work with Bryan Orander of Charitable Advisors and a group of your peers to explore how you prepare yourself and your organization for your next adventure. April 23, 2014 from 8:30-10:30am at UWCI conference center. More
Taking your Nonprofit and/or Yourself to the Next Level? – FastTrack Growth Venture for Nonprofits – Be part of this pilot effort as Business Ownership Initiative partners with Bryan Orander of Charitable Advisors, as facilitator, for a 10 week training/peer group experience exclusively for the Executive Directors and Senior Managers of established nonprofits. Lots of guest speakers and experts. Friday mornings from April ... through June ... Only $495. More
Early/New Career/Internships? – The IUPUI Nonprofit Expo is the perfect time to learn about dozens of area nonprofits and explore possibilities as volunteers, interns, and staff. Students, alumni, and community members are invited to attend. No charge. More
Tuesday, February 25, 2014
Unpredictable economic trends have caused nonprofit organizations to worry about meeting their financial obligations. As a non-profit leader, you can have the confidence to plan and take necessary actions by efficiently managing your cash flow.
Cash flow management is more than taking your annual budget and dividing by 12. Effective cash flow management includes analyzing cash inflow and outflows based on the timing of receipts and payments. For example, if your organization manages an annual convention, operational costs may increase during that month, as more staff may be necessary for the event. If your headquarters is located in an area that experiences extreme cold in the winter, costs for those months may increase as extra heating may be necessary.
If your current software does not have any budgeting or forecasting capabilities, you can create a report using a grid, such as Microsoft Excel to give you a visual idea of when you can expect cash inflow and outflow, and will help you predict cash flow more accurately in the future.
Read the full article and get more tips on managing cash flow.
FMI, contact By Steven K. Stucky, CPA; Partner, Sikich LLP. Steven can be reached at 317-842-4466 or firstname.lastname@example.org.
Wednesday, February 19, 2014
We are excited to have Donor Path join our sponsor team. Donor Path’s technology tools connect nonprofits, expert fundraisers and software to raise money for organization’s mission.
Simplify, Guidance and Tools to Raise More Money
Created in 2012 by a team of funders and fundraisers with the data from Compasspoint’s ‘UnderDeveloped Report,’ DonorPath is a platform that visualizes data and activities from a nonprofit’s fundraising software (even if just a spreadsheet) and matches organizations with a professional fundraiser to begin a monthly, virtual coaching partnership with one objective: diversify revenue and raise more money for programming, not fundraising.
DonorPath is already being used by over 300 nonprofit organizations, nationally, who do not have the budget for a development officer or a consultant. For only $199 a month, organizations get a custom dashboard to manage fundraising activity; a library of sample fundraising documents; monthly reports to share with their board and funders; two, 30-minute Solution Sessions per month with their matched fundraising expert; and invitations to monthly meetups, “Performance Labs,” to network and share ideas.
With direct integrations with Quickbooks, Salesforce, and other fundraising softwares, DonorPath helps nonprofits align time, resources, and their boards around not only what works, but what needs to be done for organizations to reach their budgeted revenue goals – without increasing expenses.
You can contact Brian Lauterbach at 877-931-5501 or email@example.com.
Tuesday, February 11, 2014
Proposed Guidance for Tax-Exempt Social Welfare Organizations On November 29, 2013, the IRS released proposed regulations that provide guidance to tax-exempt social welfare organizations about political activities related to candidates that will not be considered to promote social welfare. Tax-exempt social welfare organizations are to be exclusively operated for the promotion of social welfare if they are intended to engage ?primarily? in activities that promote the common good and general welfare of the people of the community. Basically, the IRS proposes amending the current Treasury Regulations to state that social welfare does not include direct or indirect candidate-related political activity. Per IR-2013-92, candidate-related activity for purposes of 501(c)(4) organizations includes: Continue reading.
Tuesday, February 4, 2014
Do you know the true health of your nonprofit today? The beginning of a new year is always a good time to step back and take a panoramic look at your organization. If the picture you’re getting isn’t clear, it may be time to assess your internal processes.
Assessing Your Processes
Effective processes work to efficiently keep your organization on track to reaching overall goals while staying true to your nonprofit’s mission. Examine your daily processes honestly and ask yourself:
· Does this particular process help us reach our big picture goals?
· Does this process help streamline the organization?
After the Snapshot: Ongoing Measurement
Once you’ve taken a hard look at your nonprofit’s situation and streamlined your processes, you should be on your way to a healthier and more focused organization. However, it doesn’t stop there. It’s important to continually review your systems in order to make sure your processes stay effective.
Read the full article here.
Tuesday, January 28, 2014
1. 7 Tips on Asking for Donations-It's Intimidating, We Get It
2. Nonprofit Mission Statements-Good and Bad Examples
3. Why Online Fundraising is the Future [INFOGRAPHIC]
4. The Top 4 Nonprofit Social Media Campaigns of 2013 (And What You Can
5. 7 Steps to Compelling Staff Bios on Your Nonprofit Website
6. These 12 Ways to Thank Donors Will Keep Them from Saying Goodbye
7. The Art of Storytelling Through Nonprofit Website Design
8. 15 Ways to Transform Your Board of Directors into Fundraising Champions
9. 10 Grant Writing Mistakes That'll Cost You the Mother Lode
10. The Anatomy of an Ask [INFOGRAPHIC]
Check out www.nonprofithub.org.