This article was provided by Bloomerang. Acquiring new supporters requires a significant investment of time and resources from your nonprofit’s team, which eventually pays off as your donor base grows. However, if your organization has poor donor retention, any gains…
There are few topics that generate more confusion to nonprofit managers than unrelated business income (UBI). It is also one of the areas than can cause the most problems for your organization. It can cost you money in the form…
When starting a 501(c)(3) organization, there are generally two choices for classifying the organization: private foundation or public charity. Public charities represent the largest share (72%) of active, 501(c)(3) organizations. Their purpose is to perform charitable work, while private foundations…
Here’s a factoid you’ve probably heard before: The majority of small business startups fail within the first 5 years. Sadly, the same is true for nonprofits. There are a multitude of factors that come into play that help to determine…
This article was provided by Infinite Giving. Reporting nonprofit finances to your board of directors is an important, but often complex, responsibility. Accurate financial reporting (such as accurate filings, governance, timely reporting, etc.) can help you maintain your tax-exempt status…
Risk is relative. For some people, jumping out of an airplane is a typical weekend adventure. For others, driving 5 miles per hour over the speed limit makes your pulse quicken and beads of sweat break out on your forehead. …
Bring up the subject of a nonprofit’s bylaws and you are sure to get an interesting response. For many nonprofit’s, their bylaws are just some forgotten document, full of legalese, gathering dust in a file cabinet somewhere. No one on…
Healthy things grow. That goes for both people and organizations. All but the smallest of businesses grow and evolve over time. Often it is a necessity to keep up with changes in the business environment, regulatory change, or simply changes…
This article was provided by Thompson Grants. Grant funding opportunities can be very valuable for nonprofits, but treating all grants the same is a strategic error. Understanding how federal vs private foundation grants differ will help you avoid risk, build…
Most nonprofits begin with a mission, not a financial system. A group of people identifies a need in their community. Volunteers gather around the cause. Early programs begin to take shape. Donations start arriving from supporters who believe in the…
